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.
Engel names Michael Traxler as head of its mold technology divisionby Canadian Plastics
Industry veteran Traxler joined Engel in 2015 and previously headed the company’s packaging business unit in North America.
Hot runner maker Runipsys opens new sales and service centre in Ontarioby Canadian Plastics
The France-based company has partnered with tool and die maker Jahn Engineering to establish the new facility.
StackTeck unveils new FastTrack mold-delivery programby 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.
Tool & die industry off to slow start in 2019: reportby 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.
American moldmakers generally positive about business outlook: surveyby 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.
Schmolz + Bickenbach opens new subsidiary in Argentinaby Canadian Plastics
The Swiss-based mold steel supplier’s new sales centre in Buenos Aires is its fourth location in South America.
AceTronic organizing one-day tabletop show for plastics processorsby 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.
StackTeck adds operations in South Koreaby Canadian Plastics
The 139,000-square-foot facility located in Hwaseong is Brampton, Ont.-based StackTeck’s first moldmaking plant outside of North America.