Molds-Tooling
U.S. mold makers are holding tight through the end of a bumpy 2023 while waiting for a possible tax reform bill from the federal government.
Bob Strom, the former owner of Olsen Tool & Plastics Inc. in Chaska, died Nov. 4. He was 79.
The acquisition bolsters Aarkel's capabilities for mold trials and production lines.
The average sales per mold making company went up 3 percent in 2022 vs. 2021. This continues a trend we started tracking back in 2001.
The mold maker and equipment supplier focuses on sensors, dashboards for thin-wall packaging as it prepares to open Brink USA in December.
Industrial toolmaker Adler Industrial Solutions Inc. of Lee's Summit, Mo., has launched a high-precision machining subsidiary, Adler Precision Components.
The Aurora, Ill.-based company makes molds for customers in the water filtration, health care, appliance controls, caps and closures, and housewares businesses, as well as molders manufacturing automotive electrical components.
Supply chain problems, material cost increases, labor shortages and competition from China are also adding pressure.
The technology was developed for in-house use by Fado, a tooling and injection molding company founded in 1984 that is making it more widely available.
One hundred years of family ownership of Superior Die Set Corp. is coming to an end with the sale of the Oak Creek, Wis., facility underway and a plan to close if it falls through.
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