VasanthaTech USA gives the company a foothold in North America as it eyes a long-term goal to build molds in the U.S.
The American Mold Builders Association revises the procurement process protocols and terminology guidelines that had been in place since 1996.
AMBA trade group lobbyist Omar Nashahib: "What we heard from you all is that the molds, dies and tooling is already underpriced by China probably 40-60 percent. So 25 percent doesn't even get you whole, but it does help."
Mold Craft Inc. engineer Justin McPhee: "It's why God put me here — to push forward manufacturing."
President Joe Biden's administration is conducting a legally required review of China tariffs, prompting the injection mold building industry to push hard for the government to keep them in place.
Make that 14 acquisitions in three years for SyBridge Technologies.
Michigan-based injection molder and toolmaker Summit Plastic Molding Inc. is investing $1.6 million to expand its 100,000-square-foot Horizon City, Texas, facility.
Mold maker Starbase Technologies Inc. of Pittsfield is closing, according to a local news report.