MMT Blog

MSI Mold Builders (MSI) in Cedar Rapids, Iowa, has a system in place for attracting, recruiting and training new talent that will become its lifeblood for the future. This three-time Leadtime Leader honoree has shared many of its best practices in features published by MoldMaking Technology but until now has only provided a glance into its workforce development program.

It should be noted that at this year’s American Mold Builders Association (AMBA) annual conference, MSI became the second recipient of the organization’s national Tooling Trailblazer Award. AMBA uses the award to honor a member shop that has made a notable impact on the industry through various educational outreach programs. Along with an award to display, MSI also received a $5,000 scholarship check from Progressive Components (Wauconda, Illinois) and has donated it to Kirkwood Community College (KCC), a Cedar Rapids-based institution with which MSI has had a longtime partnership supporting advanced manufacturing and CNC education programs. “It feels great to win this award, especially because it comes from the AMBA and our peers,” MSI President Roger Klouda says. “A lot of companies are working hard to promote moldmaking and advanced manufacturing careers at the educational institute level, and for AMBA to recognize us among this group is extra special.”

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By: Michael J. Devereux II, CPA, CMP 21. November 2018

How to Reduce a Mold Shop’s Top Effective Tax Rate

The U.S. Treasury and the IRS proposed new rules this past summer under §199A (also known as the deduction for qualified business income), which the Tax Cuts and Jobs Act (the Act) introduced. These rules provide a deduction equal to 20 percent of qualifying business income for the owner of a flow-through entity (which includes S corporations, partnerships and sole proprietorships) with the potential to reduce a mold shop’s top effective tax rate to 29.6 percent.

This new provision applies to tax years beginning after December 31, 2017 and before January 1, 2026. Generally, most non-corporate U.S. mold shops will qualify for the new flow-through deduction. Mold shops should review the new rules to ensure that they do not limit their potential §199A deduction.

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By: Charlie Daniels 20. November 2018

Steps for Determining Better Mold Prices

Pricing is a critical step in the mold building process that does not get the attention that it deserves. Shops use several methods, and some are more effective than others. A solid understanding of the proper way to price molds can increase revenue and profits and improve customer relations and forecasting. While no magical solution fits all companies in every market, you need to be aware of the following key considerations:

The first step in establishing the proper price for a mold is understanding your business by identifying all of the costs associated with operating the business. This includes costs associated with making the mold or molds that you are pricing and any additional costs associated with the project, such as shipping or sampling. A thorough comprehension of internal processes, capacity and the value statement that you offer are also essential.

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B A Die Mold Inc. (B A Die Mold) has built molds with its patented Programmable Electric Rotating Core (PERC) System for many original equipment manufacturers, custom molders and other moldmakers. What makes the PERC System so successful for molding threaded parts?

Jason Baker, design engineer: B A Die Mold developed a system that offers precision positioning of virtually unlimited threads on any given part. It is a servo-motor-driven mold system that B A Die Mold developed for molders who use electric molding machines to manufacture threaded parts. Molds with a PERC System can be installed on traditional, hydraulic molding machines as well. One of the patented features of the PERC System is that the servo motor is part of the mold, which makes it possible to set it up in any type of molding machine. The PERC System works well with robotics, too.

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The future of making is here, bringing with it radical changes in the way things are designed, made and used. It is disrupting every industry, including manufacturing. Automotive mold manufacturers are exploring multiple options, optimizing designs and seamlessly moving from design to production. They are leveraging the latest advances in manufacturing for prototypes and production runs, and they are capturing, analyzing and managing sensor information from your products in real time.

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