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Article: Consider reaching out to a different market to survive tough times: this mold manufacturer has reassessed its market base and began dabbling in the energy industry based on its experience with CNC machining--making it a natural transition.(New Business Opportunities: Market Diversification)
- Article from:
- MoldMaking Technology
- Article date:
- August 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Gardner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Triangle Tool Co. (Milwaukee, WI)--specializing in injection, structural foam, and compression molds for large plastic parts--is experiencing continued success during the economic downturn in large part due to its foray into the energy industry, a new market for the company.
According to Technical Sales Manager Vic Baez, because Triangle Tool has always specialized in large products, it is common to see steel blocks and forgings weighing greater than 50 tons and requiring multiple, precision operations for each piece. "Most companies would find this type of work intimidating, but we have leveraged large work to become one of North America's strongest businesses," ...