• PT Youtube
  • PT Facebook
  • PT Linkedin
  • PT Twitter
11/24/2014

Uptick in Hourly Rates in First Half of 2014

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Mold orders and optimism are strong, though capacity utilization is slightly lower.

Our index of custom injection molders’ machine-hour rates rose 0.6% for the first half of the year. That’s much smaller than the 1.6% increase for the second half of 2013. Responses from 85 plants nationwide indicate that 22% of plants raised their rates, 8% lowered them, and 69% left them unchanged.

At 56.4%, custom injection molders’ average capacity utilization in the first half dropped 1.1 points from the previous six-month period. Still 42% of respondents saw higher utilization, while 19% had lower utilization, and 33% were unchanged. The ratio of higher to lower utilization was the highest since mid-2011.

Mold orders  were up 5.2%, again the highest increase since the first half of 2011. Molders were optimistic about near-term business conditions. Over 64% expected improving conditions (down slightly from the previous survey), 22% saw no change ahead, while 11% foresaw worsening conditions (a bit more than previously).

RELATED CONTENT

  • What to Do About Weak Weld Lines

    Weld or knit lines are perhaps the most common and difficult injection molding defect to eliminate.

  • How to Stop Flash

    Flashing of a part can occur for several reasons—from variations in the process or material to tooling trouble.

  • A New Look at Evaluating Fill Times For Injection Molding

    One of the important process parameters to establish and record for any injection molded part is its injection or fill time. Research research reveals the limitations of popularly taught methods of establishing this critical parameter.


Related Topics

Resources