BANGALORE, INDIA — Milan, Italy-based Sacmi Group is setting up a new manufacturing plant in India. The company has been assembling Negri Bossi injection presses in rented space in Ahmedabad since 2009. But when it opens a new plant at the beginning of 2014, it will graduate from assembly to local manufacturing.
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.