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Husky injection Molding Systems Shift in Strategy Husky Injection Molding Systems is a global supplier of injection molding systems for the plastic industry serving customers in over 70 countries from 33 service and sales offices in 25 countries 1 Husky announced a shift in its business strategy in which they plan to quit production of closure molds and close their industrial mold shop located in Auburn Massachusetts 2 They intend to focus on their core businesses of making machines and molds for the production of PET polyethylene terephthalate preforms 3 They also plan to add bottle development services to further take advantage of the growing PET market 4 A Short History of Husky Leading to the Shift in Strategy Robert Schad who emigrated from southwestern Germany in 1951 to Canada founded Husky in 1953 As an engineer he started the business designing and manufacturing snowmobiles and one of his first models the Huskymobile was a complete failure To remain in business he was forced to perform machining jobs for other customers which eventually led him into the injection mold business Schad was able to enter the highly competitive injection mold manufacturing business by under bidding the competition by more than 50 on his first job in which he lost money but it gave him the start he needed By the late 1950s Schad and Husky had established a reputation as a high quality maker of plastic injection molds 5 In 1961 Husky produced its first injection molding machine which was a highly specialized high speed system to produce thin wall containers 6 Sales started off slow nearly sending Husky into bankruptcy but by the mid 1960s sales picked up because customers liked the fully integrated system of thinwall mold injection molding machine and product handing equipment that was offered In 1973-74 Husky once again found that they were on the brink of bankruptcy which was fueled by the global oil shortage that caused the price
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