CHARLOTTE, N.C. (July 12, 1:15 p.m. ET) — International Contract Molding LLC has added its third Krauss Maffei press in the past year to its Charlotte injection molding plant.
The 3,200-ton press went online in June, the Charlotte-based company said in a July 8 news release. It follows the installation of another 3,200-ton press and a 3,000-ton press — both from Krauss Maffei — added in 2010.
The new press will initially produce 65-gallon and 95-gallon container bases for the waste industry, but will also be used for work in the irrigation, auto and material handling industries.
ICM is part of Otto Group Holdings BV of Maastricht, the Netherlands. Otto formed the business in 2006 for large tonnage work. The company also has a molding plant in Eloy, Ariz., and sites in Spain, Thailand and South Africa.