Portuguese mold making on the rise

By Rhoda Miel
News Editor

Published: October 23, 2013 6:55 am ET
Updated: October 23, 2013 7:01 am ET

Related to this story

Topics Molds/Tooling, K 2013, Business News & Features

DÜSSELDORF, GERMANY — After a few rough years, the Portuguese mold making industry is picking up steam, with new orders for tools coming from Europe, South America and even the United States.

Mold makers attending K 2013 in Düsseldorf said they saw recovery starting in 2012 and continuing to rise through this year with business already booked into 2014.

European companies that had cut back during the recession have started bringing new production on line and ordering tools to refresh existing products, said José Augusto Marques, business development manager for LN Molds Lda. (Hall 1/C23-3).

The Portuguese tooling industry topped 400 million euros in sales in 2011, the most recent sales available from the Portuguese Association for the Mould Industry (Hall 1/C23). That is slightly lower than the pre-recession sales of 423 million euros in 2008, but up from an industry low of 438 million euros in 2010.

Representatives from JDD Moldes Para a Indústria de Plásticos Lda. (Hall 1/C23-1) said the company is looking at a 30 percent increase in business in the near future, thanks to continued sales for high end autos in China. The company, based in Oliviera de Azeméis, exports molds for use in the German auto industry.

Mold makers who have survived and are now growing are those who invested in capabilities to produce complex molds and improve their own production.

"Those who invested in technology and in people, they're still in the market," Marques said.

New generations of toolmakers are also bringing in more capability in business management, which allows them to compete beyond their traditional customer base, he said.

Miguel Fortuna, commercial director of Tecnifreza de Moldes SA (Hall 1/C32-8) said the Marinha Grande-based mold maker focused on its ability to make small complex molds and multi-material molds.

The business also decided to push for more sales in the United States as its economy recovered. Tecnifreza had its first booth at NPE 2012 in Orlando, Fla., specifically to expand its reach, he said. With traditional North American mold making operations nearing capacity – and more European automakers and suppliers expanding to North America – Fortuna said the company expects that investment to continue to pay off.

"We picked up some good contacts at NPE," he said. "In general, the opportunities are there for companies with good technology."


Comments

Portuguese mold making on the rise

By Rhoda Miel
News Editor

Published: October 23, 2013 6:55 am ET
Updated: October 23, 2013 7:01 am ET

Post Your Comments


Back to story


More stories

Image

Best Places To Work: No. 4, Ayanna Plastics & Engineering Inc.

March 3, 2015 2:39 pm ET

Ayanna Plastics & Engineering Inc., a Clearwater, Fla., injection molder and toolmaker, ranks No. 4 on the Plastics News Best Places to Work list....    More

Image

Exhibitors have high hopes for NPE 2015

February 23, 2015 3:01 pm ET

The U.S. economy is strong. Resin prices are on the decline. The North American automotive industry is pushing record levels. For all these reasons,...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events