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

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

More Events