Custom injection molder GI Plastek Wolfeboro LLC recently broke ground on a $3 million project to add 35,000 square feet to its Wolfeboro, N.H., facility. The expansion will allow the company to boost its manufacturing, add warehouse space and provide room for further growth.
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.