WASHINGTON — Medical extruder Natvar, a division of Tekni-Plex Inc., is expanding operations into Costa Rica, beginning in June. Over the next 18 months, Natvar expects to invest $4 million in a new 40,000-square-foot facility that will mirror the equipment, tooling and compounds of its plants in the United States, Europe and Asia, said Bob Donahue, general manager of global medical operations.
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.