Seco Tools acquires cutting tool division of QCT in Mexicoby Canadian Plastics
The cutting tool division is a solid carbide tooling manufacturer, specializing in custom products, and reconditioning, with three locations in Mexico.
Injection mold maker Exacad gets funding for COVID-19 medical relief projectsby Canadian Plastics
The Quebec-based injection mold designer and manufacturer is one of three Canadian companies receiving a total of $6 million in funding from supercluster Next Generation Manufacturing Canada.
Moldmakers predict 25% drop in revenue from original 2020 forecasts, survey showsby Canadian Plastics
Die builders and die casters are expecting the most significant drop, the survey conducted by Harbour Results Inc. says, followed by stamping, molding, and mold builders.
Haidlmair North America offers rapid delivery for PPE moldsby Canadian Plastics
The molds are for face masks and face shield brackets for North American molders.
StackTeck delivers stack mold for PPE in under four weeksby Canadian Plastics
The project included complete mold design, manufactured molding surface components, assembly, and mold qualification for customer Novolex.
StackTeck expands its FastTrack accelerated mold delivery programby Canadian Plastics
The Brampton, Ont.-based tooling supplier is now offering 12- and 16-cavity mold configurations for lids and round containers within the FastTrack program.
Tooling Tech Group expands Ohio facilityby Canadian Plastics
The tooling provider has broken ground on a 10,000-square-foot expansion of its thermoforming and compression mold making facility in the city of Ft. Loramie.
Moldmakers list their COVID-19 anxieties in new CAMM surveyby Canadian Plastics
The survey shows that employee anxiety, project cancellations or delays, employee protection, and declining sales are the biggest concerns about COVID-19 among respondents.
GM to invest $2.2 billion to build electric vehicles in Detroit plantby 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.
Concours Mold buys assets of Valiant Tool and Moldby 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.
New CEO for Schmolz + Bickenbach’s Steeltec divisionby 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.
U.S. industry group wants tariffs on Chinese molds reinstatedby 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.
CTMA names Chris Hergott as new presidentby 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.
North America automotive tooling spend to drop to US$6.8 billion, report saysby 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.
StackTeck announces new initiative for IML automationby 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.
Methods Machine Tools names Mark Wright as president and CEOby Canadian Plastics
Industry veteran Wright has led operations, sales, and financial teams while working in Asia and the Far East.
A cool comeback in conformal coolingby Canadian Plastics
Industry veteran Pat Zaffino and his team are back in business with a game changing conformal cooling technology for injection molds.
North American tooling industry continues to slow: reportby Canadian Plastics
North American capacity utilization at its lowest mark since 2016, the Q2 2019 Automotive Tooling Barometer Survey says.
Sidel acquires French moldmaker Cognac Moules Emballages Plastiquesby Canadian Plastics
The deal is designed to strengthen Sidel’s moldmaking and tooling capabilities.
Tooling supplier Chiron America taps former Husky exec as its new president, CEOby 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.