Thermoformed plastics companies focus on the manufacturing of products created through the thermoforming process. This involves heating a plastic sheet until pliable and forming it into various shapes. Thermoformed plastics find applications in packaging, automotive components, and consumer goods.
Thermoformed Plastics Market
November 2023-Â Wurm's Woodworking Company (WWC), a long-standing pillar in the New Washington community, has announced its recent thermoforming operations expansion project. The expansion encompasses nearly 20,000 square feet of additional space, a substantial capital investment in cutting-edge molding machinery and equipment, and an overall investment of USD 2.1 million. Throughout this expansion project, the company has remained committed to its workforce, retaining all 47 employees. Rick Wurm, one of the co-owners of WWC, expressed his enthusiasm about the expansion. Wurm said that the investments they have made in their new building and equipment have allowed the company to increase its plastic and vinyl upholstery production efficiency significantly. He further added that they are also ecstatic about their new Faro 3D measurement technology, which will allow the company to efficiently create thermoformed plastic or vinyl upholstery tools, CNC fixtures, quality inspections, and reverse engineer parts for 3D printing. Through these investments, the company feels the company is in a strong position for continued growth here in the New Washington community. This expansion is poised to fortify WWC's production of a diverse range of high-quality fabricated wood and plastic parts and assemblies.
October 2023- Sonoco Products Co., a worldwide leading packaging company, alarmed state officials that it is permanently closing its Fremont, IN, plant. A notice sent to the Indiana Department of Workforce Development on Oct. 10, 2023, in line with the Worker Adjustment and Retraining Notification (WARN) Act, stated that the "first separation as a result of the plant closing is Dec. 15, 2023" with further layoffs occurring on June 20, 2024.
Key Companies in the Thermoformed Plastics market include
Thermoformed Plastics Market Highlights:
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)