Competing with offshore molding and mold manufacturing companies continues to be a struggle for many companies in these industries. But there is a way to compete and win new business, become profitable and grow the business. Thomas Duffey, president and owner of Plastic Components Inc. (PCI) in Germantown, WI, spoke recently to a group attending the American Mold Builders Assn. conference in Las Vegas, and addressed the lingering concerns of the group about offshore molds.
Duffey estimates that from the founding of his business in 1989 through 2005, he has purchased 800-900 molds all from the state of Wisconsin, from four or five suppliers. However, between 2004 and 2005, he began losing a lot of business because of tooling costs. “It had become a real disadvantage for us,” he said. “And the differences were so great we couldn’t overcome them.”...