BRISBANE, AUSTRALIA — An Australian polyethylene pipe and fittings manufacturer that went into voluntary administration after a slowdown in the mining services industry has been split up and sold to two Australian companies for a total of A$18 million (US$18.5 million).
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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.