Miniature Tool & Die Inc. now MTD Micro Molding is a company that can do a lot with a little.
And now, with recent expansions, it expects to do a little more.
MTD Micro Molding, which changed its name April 1, has been researching and developing micromolds for the medical industry since 1998 and has doubled its capacity and clean room space in the past year, according to Lindsay Mann, the firm's project manager.
We've installed five micromolding machines in the past 10 months and that's more than doubled our capacity, she said in a phone interview.
MTD supplies products for the medical, electronics and microfluidics industries. The company does not release sales figures, but noted that about 75 percent of its business is micromolding.
The company has averaged 42 percent revenue growth over the last four years and credits at least part of the increase to its purchase last year of a Sarix Micro electric discharge machine milling system. The EDM system, which the company believes is one of only two in the United States, allows it to create products with tinier features than are possible with conventional technology.
MTD Micro Molding is growing by designing and manufacturing some of the tiniest components available. As an illustration, Mann said a piece of resin the size of a sesame seed can yield 520 micromolded components.
She said MTD keeps expanding and updating its facility and plans to add liquid silicone molding by the end of the year. It is also exploring the feasibility of an addition or a new building.
The company was founded in 1972 in the basement of Richard Tully's home. It later moved to a small facility in Worcester and then to its current 16,000-square-foot home in Charlton. Richard retired in 2008 and his son Dennis took over ownership and the presidency.
The company now has 19 employees and supplies many Fortune 500 companies, such as Boston Scientific, Cardinal Health, Abbott Laboratories, Medtronic and St. Jude Medical.
We're excited about the future of our company as well as the micro industry's future, Dennis Tully said.
There are so many breakthrough micro applications that have the potential to enhance the health of individuals and improve the quality of life for everyone.
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