Mold-Masters spends $20M to expand China hot-runner plant
Fast-growing markets In Asia have prompted Mold-Masters Ltd.to recently complete a $20 million expansion of its Kunshan, China, hot runner plant. The firm added 68,000 square feet and a range of machinery including CNC lathes and mills at the site established in 2005. The plant now exceeds 160,000 square feet and the expansion was officially opened with a ribbon cutting in late 2011. The Kunshan plant supplies China and other Asian markets, which now comprise 40 percent of Mold-Masters’ sales. When Mold-Masters’ current owner, 3I Group plc of London, acquired the hot runner major in 2007, Asia represented 25 percent of Mold-Masters’ business.