Although KraussMaffei Group has announced plans to close its injection molding machine components plant in Treuchtlingen, Germany, the company is still negotiating with the IG Metall union and the works council with a view to finding a mutually satisfactory solution as early as Nov. 29.
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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.