Moldmakers are expecting an uptick in business for 2024, panelists from a recent CAMM panel indicated. PHOTO by Pexels.
The economic doomsayers have been forecasting recession for the Canadian economy for well over a year now. Keeping that in mind, how optimistic are Canada’s moldmakers about the coming year?
Quite optimistic it would seem if the views from the moldmakers in a recent panel discussion hosted by the Canadian Association of Moldmakers (CAMM) in Windsor bears any indication. Here’s what some of the country’s leading moldmakers had to say when asked “when you’re thinking about the next 12 months in your shops, are you optimistic or pessimistic.”
Tim Galbraith, general manager, Cavalier Tool & Manufacturing: I am optimistic. Just like spring follows winter, good times follow bad times. I’ve lived through several of these changes and there is going to be good business coming. We are already anticipating a huge uptick in business, and we are sitting down and planning how we are going to handle that uptick in business. We are very, very optimistic that 2024 is going to be a great year.
Dennis Goggin, president, NextGen Mold Technologies: I am pretty excited about 2024 as well. I think the forecast is pretty strong. We are pretty well booked out to June so far. I think it will definitely be a stronger year than 2023.
Ed Ergun, director of corporate sales, Sybridge Technologies: I think a lot of people have held off on new kickoffs. I believe the floodgates are going to open. There is going to be a boom. I don’t know exactly when but the sooner the better.
William Cipkar, president, Crest Mold Technologies: I am also optimistic, for all the reasons previously stated.
Jonathon Azzopardi, president, Laval Tool, moderated the session and shared the optimistic view of his panelists.
“I am optimistic as well. I think that the economy is something we have to watch. Interest rates are doing their funny little thing, as the government is trying really hard to slow us down to put the reins on inflation. I have a feeling they are going to lose that fight. I think the consumer, the American consumer in particular, is still buying stuff even though it’s costing them a fortune,” Azzopardi said.
The CAMM panel participants (shown left to right) were: Tim Galbraith, general manager, Cavalier Tool & Manufacturing; Dennis Goggin, president, NextGen Mold Technologies; Ed Ergun, director of corporate sales, Sybridge Technologies; William Cipkar, president, Crest Mold Technologies; and moderator Jonathon Azzopardi, president, Laval Tool.