Plastics machinery companies continue to ride the reshoring wave.
"Business is good in North America," Glenn Frohring, president of Worcester, MA-based Absolute Haitian, told PlasticsToday. "We are three to five percent stronger than last year, looking forward to a great end of the year and gearing up for next year."
So what is helping to drive growth for the company in North America? Yep, you got it - reshoring.
"A lot of molds are coming back from Asia," he said. Frohring also cited a strong automotive market.
Absolute Haitian is the exclusive sales and service partner in Canada and the U.S. for Ningbo Haitian Machinery Co., Ltd. based in Ningbo, China. Ningbo Haitian Machinery Co., Ltd. is the world's largest supplier of plastics injection molding machinery, shipping in excess of 27,000 machines in 2013.