Mid-sized firms, medical molders and custom/contract molders were the big winners in 2015. Let's take a closer look at the numbers behind the Plastics News ranking of the Top 100 North American injection molders.
Today Plastics News publishes the annual ranking of the top 100 North American injection molders. We have a new name at the top: Grupo Antolin North America Inc., which makes parts for automotive cockpits and consoles. Grupo Antolin-Irausa SA acquired Magna International Inc.'s interiors business and expanded into Louisville, Ky., putting them in the No. 1 spot.
In other Top 10 news: Automotive supplier SRG Global Inc. has moved into its new headquarters in Troy, Mich. and Newell Brands Inc., which now includes Jarden Corp., plans to relocate its headquarters to Hoboken, N.J. U.S. Farathane Corp. moves up to No. 8 with its January acquisition of Tepso Plastics Mex SA de CV. Next year could see Plastic Omnium Auto Exteriors LLC hop into the top 10 with its recent agreement to acquire the automotive exteriors business from Faurecia SA.
Six of the Top 10 have been there for the last five years, and four have been for the last 15 years.
Let's take a peek at some more of the data behind the ranking:
This year, $66 million was the cutoff for making the top 100, up just 1.5 percent from last year.
The total North American injection molding sales figure for fiscal year 2015, for the top 100, was $27.9 billion, that's up 5.4 percent, driven mostly by those firms larger than $100 million in sales.
If you are growing, you are growing well: For those companies that reported growth, the average increase was 17 percent. We expected to see sales suffer because of lower resin pricing, however only 1.2 percent of the top 100 reported a decline in sales.
