Category
Moldmaking
Concours Mold buys assets of Valiant Tool and Mold
by Canadian PlasticsThe 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 division
by Canadian PlasticsThe 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 reinstated
by Canadian PlasticsThe 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 president
by Canadian PlasticsThe 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 says
by Canadian PlasticsThe 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 automation
by Canadian PlasticsThe 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 CEO
by Canadian PlasticsIndustry veteran Wright has led operations, sales, and financial teams while working in Asia and the Far East.
A cool comeback in conformal cooling
by Canadian PlasticsIndustry 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: report
by Canadian PlasticsNorth American capacity utilization at its lowest mark since 2016, the Q2 2019 Automotive Tooling Barometer Survey says.
Sidel acquires French moldmaker Cognac Moules Emballages Plastiques
by Canadian PlasticsThe deal is designed to strengthen Sidel’s moldmaking and tooling capabilities.
Tooling supplier Chiron America taps former Husky exec as its new president, CEO
by Canadian PlasticsSteve 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 division
by Canadian PlasticsIndustry 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 Ontario
by Canadian PlasticsThe France-based company has partnered with tool and die maker Jahn Engineering to establish the new facility.
StackTeck unveils new FastTrack mold-delivery program
by Canadian PlasticsThe 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: report
by Canadian PlasticsIn 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: survey
by Canadian PlasticsBut 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 Argentina
by Canadian PlasticsThe 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 processors
by Canadian PlasticsCalled “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 Korea
by Canadian PlasticsThe 139,000-square-foot facility located in Hwaseong is Brampton, Ont.-based StackTeck’s first moldmaking plant outside of North America.
Tooling Tech Group opens new corporate HQ in Michigan
by Canadian PlasticsThe new 70,000-square-foot office in Macomb will also house manufacturing operations.