Reshoring
If you want to convince businesses to reshore manufacturing, you're going to need more than a patriotic slogan, says Harry Moser, founder of the Chicago-based Reshoring Initiative.
Harry Moser has been around the manufacturing business long enough to watch an idea he once pioneered — reshoring — go from a fringe concept to an almost universally accepted article of faith in the industry.
Texas Injection Molding LLC is expanding again, this time adding 24,000 square feet of new warehouse space to a building that opened in 2021.
VasanthaTech USA gives the company a foothold in North America as it eyes a long-term goal to build molds in the U.S.
A study released in late 2022 further centered the Buckeye State as a plastics production hub, as importing materials from overseas is no longer a bottom-line benefit for most companies.
Minnesota molder Le Sueur Inc. has added new investors.
Injection molding press producers saw sales climb 25 percent in 2021. For a few months, it looked like 2022 could be a repeat. But the second half of 2022 brought a marked change.
The company acquired 4.4 acres and built a 30,000-square-foot addition at its headquarters site in Illinois.
While companies have talked about the benefits of having production closer to home for some time, the COVID-19 pandemic, global shipping congestion and federal dollars for U.S. manufacturing of computer chips and electric vehicle parts pushed reshoring from the "maybe" column to "yes."
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 |