Fairway Injection Molding Systems will invest $1m annually for the next three years to purchase production mold manufacturing machinery and injection molding machines
The company is going ahead with this investment to meet the growing demand for its advanced technology high-volume production molds.
Speaking about the initiative to Packaging Europe, Fairway director of sales and marketing Gregg Van Bogget said: "We've seen tremendous growth opportunities over the past three years. To take advantage of these opportunities, Fairway has not only invested in machinery and equipment but in management, engineering and sales personnel as well to take the company where it needs to go."
Some of the equipments that the company is planning to invest in are NC machining centers, EDM, and injection molding machines to increase its mold production capacity.
"We try to identify constraints in our capacity and to maximize each machine, which means we can be more efficient. For example, in our wire EDM department we had eight machines, but three of those were no longer used for finishing, only roughing. We engaged with Mitsubishi and purchased two new wire machines that replaced three older ones -- all the while improving efficiency by 20%".
The company also recently added an injection molding machine, a Husky Hylectric 720-ton high-speed packaging machine to accommodate customers' larger molds. It has three other injection molding machines which include a 105-ton, a 250-ton and a 490-ton 2-shot press.
With these new machines, the company is now capable of sampling and qualifying an array of mold types including Tandem and Stack molds, multi-shot molds, as well as single face molds and molds that can accommodate in-mold closing and in-mold labelling (IML) for the company's packaging customers.
