WINDSOR, ONTARIO - The moldmaking industry should grow at a rate of 4 percent this year, easing off its 6 percent advance in 1995, according to an industry outlook from D-M-E Co. of Madison Heights, Mich. But D-M-E, a supplier of mold bases and components, said mold makers reported growth slightly above the 4 percent rate in a survey it conducted in March. Expect an im-provement next year when the mold-making industry should expand by 5-6 percent.
The health of the mold-making industry closely tracks the growth in sales for engineered thermoplastics, which in turn is influenced heavily by the motor vehicle, electronic and consumer goods industries, said D-M-E President Jerry Lirette in a May 25 speech at the Windsor Mould Show.
The engineered thermoplastics market, growing at a faster rate than the plastics resin market overall, generally also would require more sophisticated molds and components, according to Lirette.
The engineered thermoplastics industry should grow by more than 5 percent annually through the end of the decade, far outpacing the expected rate of overall economic growth in the U.S. economy.
``That's a good indication of where we think the mold industry is going,'' Lirette said.
D-M-E, a unit of Cincinnati Milacron Inc., expects to increase its own sales at a rate close to the growth in engineered thermoplastics.
The company also is keen on expanding its business in Europe and Asia, Lirette said.
Citing positive trends in thermoplastic consumption worldwide and favorable economic indicators in the United States, Lirette was bullish about the prospects for the mold-making industry.
``The trends in the future are looking good for the economy and even better for the plastics industry,'' he said.