Plastic scrap sourcing, automation sales slump, Wilmington Machinery sold: Machinery Minutes, Feb. 17, 2024

On this episode of Machinery Minutes, you'll hear about U.S. plastics processors and recyclers searching for domestic suppliers of plastic scrap as they face the prospect of significant tariffs on goods imported from Canada and Mexico. 

In other news, sales of automation equipment are in a slump, with few signs that things are going to pick up this year. The Association for Advancing Automation (known as A3) recently released sales figures for 2023. 

And a private investor has purchased Wilmington Machinery, and founder Russ LaBelle has stepped away. The blow molding and injection molding machinery maker pledged to continue honoring contracts with customers, and hopes to double its workforce this year.