An improving business climate has prompted injection molder Anchor Tool & Plastics Inc. to invest in one new press so far this year, and the firm may buy as many as three others through the rest of 2004.
The Minneapolis-based molder added an all-electric, 330-ton Milacron Fanuc injection molding press to its existing fleet of 12 machines at its Nogales, Mexico, molding operation, according to President Ron Rogers.
If contract molding work there continues to grow, Rogers said he expects to add at least two more presses and possibly three.
Anchor Tool, with $10.8 million in annual sales, opened its Mexico facility six years ago, producing parts and finished assemblies for customers in the electronics, automotive and consumer parts industries. The site has seen steady growth for the past few months, marking a 16 percent jump in quarter-to-quarter comparisons for this year, Rogers said.