Mold Hotrunner Solutions Inc. of Georgetown, Ontario, is celebrating its 15th anniversary this year. Since it was launched in 2002, MHS has established itself as a leader in valve gate hot runner systems.
MHS officials said the company had record growth in 2016. Sales grew by 40 percent, although the company did not release sales numbers.
MHS also increased its North American workforce by 25 percent. That will help meet strong customer demand in the medical, automotive, packaging and appliance sectors, officials said.
“In 2017, MHS will continue to drive growth in both established and emerging markets around the globe, with a focus on design simplicity and absolute reliability for automated injection molding solutions,” the company said in a press release.
MHS’s new flagship line of valve gate hot runners can operate directly inside the mold at temperatures of up to 850º F without any actuator cooling and without O-rings, lubricants or cylinder wear.
Founder and President Harold Schmidt said: “I believe we are the new gold standard in valve gating.”
As for the future, Schmidt said, “We are a young, dynamic team. Family-run companies are increasingly rare these days. Our advantage is that we value meaningful relationships, personal integrity, sustainability and quality of life above all things. We are quick on our feet but we also think long term, and we feel that we have a lasting ethical responsibility.”