January 27, 2020 News

GM to invest $2.2 billion to build electric vehicles in Detroit plant

by Canadian Plastics

The automaker will also invest an additional US$800 million in supplier tooling and other projects related to the launch of the new electric trucks.

January 15, 2020 News

Concours Mold buys assets of Valiant Tool and Mold

by Canadian Plastics

The transaction marks the first acquisition for Windsor, Ont.-based Concours under the ownership of Crestview Partners, a New York-based private equity firm, which bought Concours in May 2019.

December 23, 2019 News

New CEO for Schmolz + Bickenbach’s Steeltec division

by Canadian Plastics

The Swiss-based mold steel supplier has named Dr. Florian Geiger to the role, replacing outgoing head Gerd Münch, who is stepping down.

December 5, 2019 News

U.S. industry group wants tariffs on Chinese molds reinstated

by Canadian Plastics

The American Mold Builders Association has formally asked the Office of the U.S. Trade Representative to bring back the 25 per cent tariff, which was put on hold last December.

November 29, 2019 News

CTMA names Chris Hergott as new president

by Canadian Plastics

The vice president of operations for Kitchener, Ont.-based XL Tool Inc., Hergott has 27 years of experience in the Canadian tooling industry.

November 6, 2019 News

North America automotive tooling spend to drop to US$6.8 billion, report says

by Canadian Plastics

The key factor driving this reducing tooling spend is the decreased number of North American vehicles that will be sourced for production in 2020, the report from Harbour Results says.

October 17, 2019 News

StackTeck announces new initiative for IML automation

by Canadian Plastics

The Brampton, Ont.-based company has put together a new team to facilitate customer projects for IML and other packaging applications, in a new StackTeck facility in the Toronto area.

September 12, 2019 News

Methods Machine Tools names Mark Wright as president and CEO

by Canadian Plastics

Industry veteran Wright has led operations, sales, and financial teams while working in Asia and the Far East.

August 19, 2019 Feature

A cool comeback in conformal cooling

by Canadian Plastics

Industry veteran Pat Zaffino and his team are back in business with a game changing conformal cooling technology for injection molds.

August 1, 2019 News

North American tooling industry continues to slow: report

by Canadian Plastics

North American capacity utilization at its lowest mark since 2016, the Q2 2019 Automotive Tooling Barometer Survey says.

July 23, 2019 News

Sidel acquires French moldmaker Cognac Moules Emballages Plastiques

by Canadian Plastics

The deal is designed to strengthen Sidel’s moldmaking and tooling capabilities.

July 19, 2019 News

Tooling supplier Chiron America taps former Husky exec as its new president, CEO

by Canadian Plastics

Steve Morris, Chiron America’s new president and CEO, previously worked in leadership positions with Husky Injection Molding Systems and also with Milacron.

June 20, 2019 News

Engel names Michael Traxler as head of its mold technology division

by Canadian Plastics

Industry veteran Traxler joined Engel in 2015 and previously headed the company’s packaging business unit in North America.

May 7, 2019 News

Hot runner maker Runipsys opens new sales and service centre in Ontario

by Canadian Plastics

The France-based company has partnered with tool and die maker Jahn Engineering to establish the new facility.

May 1, 2019 News

StackTeck unveils new FastTrack mold-delivery program

by Canadian Plastics

The system shortens the quoting, engineering, process planning and manufacturing stages by using automated design and product standardization to reduce typical three- to four-week lead times to a few days.

April 12, 2019 News

Tool & die industry off to slow start in 2019: report

by Canadian Plastics

In the first quarter 2019, the study said, mold shops experienced a slight utilization increase of 2% compared to Q4 2018 (77% to 79%), while die shop utilization dropped drastically from 85% to 74% in the same time frame.

February 27, 2019 News

American moldmakers generally positive about business outlook: survey

by Canadian Plastics

But only half of the moldmakers surveyed by the American Mold Builders Association believe business conditions in Q1 will increase, and only 10 per cent think their business will increase substantially over the next 12 months.

February 6, 2019 News

Schmolz + Bickenbach opens new subsidiary in Argentina

by Canadian Plastics

The Swiss-based mold steel supplier’s new sales centre in Buenos Aires is its fourth location in South America.

January 24, 2019 News

AceTronic organizing one-day tabletop show for plastics processors

by Canadian Plastics

Called “AceConnex”, the show will take place in Mississauga, Ont. on May 9, and will address some of the common problems facing injection molders, blowmolders, extruders, and other plastic processors.

January 11, 2019 News

StackTeck adds operations in South Korea

by Canadian Plastics

The 139,000-square-foot facility located in Hwaseong is Brampton, Ont.-based StackTeck’s first moldmaking plant outside of North America.