PLAINFIELD, Conn.—Westminster Tool Inc. has invested in new technology to meet demand for high-precision molds from medical customers following a growth spurt that started a few years ago and accelerated during the pandemic.
The investment represents more than 10 percent of 2020 sales, according to company officials, who say machining capacity was doubled and automation added.
Founded in 1997, the mold maker is experiencing unprecedented growth from medical device manufacturers that need complex molds. The company helps injection molders with initial part design, simulations, mold sampling and part quality.
"The largest portion of our sales growth has come from surgical devices," Westminster Tool Vice President Hillary Thomas said in an email. "Our medical injection mold building growth started in 2018. Most of this growth came from carving out a niche as a solutions provider that rolls up their sleeves to get intimate in helping our customers produce the complex components they need."
Company officials put some of the sales increase toward updating, replacing and expanding equipment to keep up with demand from its customers, who came under increased pressure last year to meet new needs related to the pandemic.
"We did not directly work on any COVID-related projects, but due to the dramatic increase, our customers had to not only maintain their existing business, but also launch new devices and testing devices within months for COVID, (and) we received a surplus of the existing work," Thomas said.