Compression molds

MSI Mold Builders Inc. is investing more than $2.5 million to buy large computer numerically controlled machining equipment at its plant in Mauldin, S.C., near Greenville, where it will create six new jobs.

Teijin-owned Continental Structural Plastics Inc. is constructing a 200,000-square-foot manufacturing facility in Seguin, Texas, near San Antonio. The project is a shared capital investment of approximately $70 million with CSP’s parent company, the Japanese materials firm Teijin Ltd.

Workforce development is the biggest ongoing challenge facing mold makers, according the American Mold builders Association's Business Forecast Report.

Trex, TimberTech, Fiberon take on wood with lower-priced product lines to attract more buyers to low-maintenance composite options.

Custom compression molder Jade Engineered Plastics Inc. is moving this year and leaving its four-decade location in Bristol, R.I.

Jrlon Inc., a Palmyra, N.Y.-based custom manufacturer of specialty metal and high-performance plastic products, has acquired RotaDyne Corp.'s engineered products division for an undisclosed amount.

Continental Structural Plastics is expanding its facility in Pouance, France with the addition of a sheet molding compound line.

The North American automotive tooling sector has experienced a slower-than-predicted first half of 2018, with a significant amount of business pushed out to the second half, according to the second-quarter tooling barometer issued by the Original Equipment Suppliers Association and Harbour Results Inc.

The American Mold Builders Association has awarded a total of $54,000 to eight mold makers under the American Mold Manufacturing Advancement Grant, focusing on workforce development.