AKRON, OHIO — March Madness may be right around the corner, but January and February weren't exactly calm for North American buyers of polypropylene resin. Regional PP prices jumped another 6 cents per pound in February, right on the heels of a 15-cent hike in January.
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.