Everyone who’s been in the plastics industry for any length of time remembers the machinery boom of the 1990s. Molders couldn’t get presses fast enough and were buying from any manufacturer that could deliver the quickest. Inventories of presses both new and gently used, fell to extremely low levels. Mold manufacturers got in on the action as well, buying machine tools to a point that some of the machine tool suppliers couldn’t keep up with demand.
Of course what goes up must come down, and that’s not just applicable to the law of gravity. When the boom ended with the mini-recession of 2001 hit, and the slowdown beginning in 2006 ended in a full-blown recession in 2009, the market was flooded with used equipment from the many plants—mostly in automotive molding—closing their doors....