Injection molder and toolmaker Mastercraft Cos. is growing, and investing in equipment, to serve an expanding medical business.
Medical work will account for about 70 percent of the Phoenix firm's 2010 business, compared with 55 percent in 2009 and 38 percent in 2008. The company supplies the industrial, pool and spa, defense, electronics and aero- space markets.
In 2009, the firm's custom injection molding unit, Polycraft Industries Inc., invested $750,000 for equipment, and its Mastercraft Mold toolmaking unit had capital expenditures of about $100,000. The new equipment included two new Arburg presses in March and, to take advantage of a federal tax credit, three 176-ton Arburg 520A Allrounder presses in December.
All five Arburg machines purchased in 2009 are sold out, said Dale Behm, chief operating officer. This is new business from one of our medical customers.
The Arburgs have clamping forces of 100-176 tons. The range for all of Polycraft's 32 presses is 50-500 tons.
Mastercraft had 2009 sales of $10.2 million, up 12 percent from the previous year. Behm envisions 20 percent growth this year.
Most of the new business is booked, and we are building all tooling in our mold division, next door to the molding facility, he said. Mastercraft Mold division has built seven molds for a key medical customer.
Meanwhile, Mastercraft is touting its Signature Technology @ Mastercraft processing concept.
In November, Mastercraft completed several Signature pressure transducer molds, moving the firm toward being a scientific molder. Behm likens the signature for a mold and press to an individual's signature. When we control what this signature looks like, we control shot-to-shot variation, he said. Once we control the process, we also control the quality.
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