Used machinery market runs dry

02/03/2011

The machinery glut that was fed by the market's excesses at the turn of the century—and then the industry consolidation that followed—has largely subsided, with the latest upturn in business prompting the purchase of new equipment. Conversations with machinery suppliers to the industry reveal that for injection molding, especially within the automotive sector, business started coming back in 2010 in a way that hadn't been seen in years.

"What's really been very interesting is probably in the fourth quarter of 2010, we saw more so than at any other time, a resurgence of replacement machine programs starting to take hold," Mark Sankovitch, CEO of injection molding machine and automation supplier, Engel North America (York, PA) said....
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