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The integration of Formteknik into MGS expands fast-track tooling in North America.
November 8, 2024
By: Michael Barbella
Managing Editor
MGS is expanding its Fast-Track Tooling Program to debut in the North American market. Designed to accelerate product development timelines and reduce costs for pharmaceutical, diagnostic and medtech companies, MGS’s Fast-Track Tooling utilizes standard and modular designs and components that can be customized to meet complex program needs.
The Fast-Track Tooling concept was originally developed by European-based Formteknik, previously acquired by MGS. This tooling methodology uses readily available assets beginning with smaller, off-the-shelf mold design components and bases, featuring various functional elements and hot runners for one-, two-, and four-cavity designs.
MGS engineers leverage decades of tooling expertise, taking standardized components beyond expectations and integrating specialized tooling such as servo, two-stage, unscrewing, split molds, stripper, and more. This enables them to develop complex, high-performance tooling that healthcare innovators need while guaranteeing the fastest time-to-market.
“With Fast-Track Tooling, you get speed and agility to develop and iterate tooling designs at a fraction of the cost of full production tooling,” MGS European Sales Director Kim Petersen said. “This critical step helps identify any potential issues or defects early in the development process and gain valuable insights from early supplier involvement, simulation and design for manufacturability. This ensures a seamless transition to production without compromising speed or quality.”
Fast-Track Tooling enables part validation for testing of material flow, shrinkage, cooling and ejection processes before committing to full-scale production. Ensuring high quality standards are maintained while mitigating risks helps avoid unexpected costs and delays that are common during the production tooling and ramp-up phases.
“Through strategic global acquisitions, we now have a team of more than 200 toolmakers worldwide,” MGS Chief Technology Officer Shawn Krenke stated. ‘Expanding the Fast-Track Tooling concept in North America allows us to be responsive to customer-driven needs on a global scale.”
Headquartered in Germantown, Wis., MGS is an end-to-end solutions provider bridging the gap between imagination and realization for healthcare innovators. For pharmaceutical, diagnostic and medtech companies, MGS provides the right balance to drive innovation: vertically integrated global capabilities—from design to full assembly—along with customer focus and seamless collaboration. The company has 12 global locations.
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