WILMINGTON, DEL. -- China's Wanxiang Group Corp. won U.S. government approval Tuesday to acquire the assets of A123 Systems Inc., including its plants in Livonia and Romulus, Mich., confirmed Wanxiang America President Pin Ni.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.