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A CNC milling machine utilizes computerized controls to progressively remove material from workpieces to produce a custom-designed component. CNC milling machines are used to produce high accuracy, high tolerance custom parts.
A punch press is a CNC-controlled machine used to cut holes in material by applying pressure to a die in which a workpiece is held.
Injection molds can cost anywhere between $1000 for simple, single cavity, low-volume plastic molds to $80,000+ for complex, multi-cavity, high-volume steel molds. But these costs are distributed among hundreds of thousands of parts, making injection molding affordable.