The company added all-electric Sumitomo (SHI) Demag, Niigata and Nissei molding machines to its Minnesota facility in support of medical device customers and other manufacturers.
TechnoMed is now Tecnoideal America.
After a sharp drop in activity at the start of the year, the German plastics and rubber machinery sector has corrected with 2020 orders tracking only 3% below 2019 levels, while Austria’s Engel and Wittmann Battenfeld saw North American bright spots.
The greenfield site in Beverly covers 36,000-ft2, will employ 48 and provide LSR and thermoplastic injection molding on presses ranging in tonnage from 40 to 220 tons.
Third quarter plastics shipments were up compared to the second quarter and on a year-over-year basis, rising 15.8% and 4.6%, respectively, as supplier sentiment and the trade deficit were also on the rise.
Prent aims to start up new rigid thermoform facility by Fall 2021 in southern New Mexico.