Moldworx LLC has begun leasing more space in Gilbert, Ariz., to allow it to grow its injection molding business.
The firm is relocating its five injection presses to the second facility this month to make room for its push in production molding, according to company founder Jim Taylor.
“The last two years we've been chasing molding markets, but we had no room for expansion,” Taylor explained in a phone interview.
Moldworx's tool building operations will remain in the 6,400-square-foot original plant where there will be room to expand that part of the business too.
Molding is being relocated to a leased, 8,700-square-foot facility undergoing renovations, including installation of air conditioning.
Taylor said his company is especially interested in medical markets. It has been building molds for medical component molders, but it also wants to expand its molding business in the sector.
Moldworx just added an 80-ton Battenfeld press to its stable. The firm's available clamp forces now range from 80 to 400 tons.
Taylor established Moldworx in 1995 as a tool shop. He added mold trials to the business and recently has been getting into production molding. The extra work means the company might have to go to three shifts a day from the two current shifts with 22 employees. It will add equipment when necessary to match new business.
Mold building is Moldworx's main business, currently accounting for about two-thirds of sales. Taylor said he expects that kind of work also will grow.
“We see a lot more tooling being pulled back from overseas,” Taylor noted.