Platinum, a Canadian Mold Maker, Expands into Mexico

Platinum Tool Technologies, based in Ontario, Canada, had financing pulled back by its banks back in July 2010 after having reached a high of 72 employees within 6 months of being formed.

From Plastic News.com:

Platinum Tool Technologies has survived a roller coaster 2010 and now finds itself halfway through 2011 not only recovering at its Canadian base, but also with a new and growing mold-servicing operation in Mexico that is bringing it new business.

“Our plan was to diversify into aerospace, but we were able to transfer over to other equipment to make our mold-making leaner and better, and get into Mexico,” President Dan Moynahan said in a June 1 telephone interview.

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