Sumitomo Demag Expands in China
Demag Plastics Machinery (Ningbo), a 100% subsidiary of Sumitomo (SHI) Demag will set up a new production site in Ningbo, China, to boost its successful growth course. Official construction work on the new site started after the foundation stone was laid on 18 April, 2014.
Sumitomo (SHI) Demag has invested about EUR 7m in the expansion of its production capacities. The highly efficient 12,330 m2 production and logistics facility with an annual production capacity of up to 1,000 injection molding machines will be built on an area of 26,700 m2 and completed by 2015. Since its establishment in 1998, Demag Plastics Machinery (Ningbo) has been operating its production on rented production sites. The new facility will also be the company’s first own site. “Operating our own, extended facility will boost our global growth,” says Stephan Greif, who was one of the founders and became CEO of Demag Plastics Machinery (Ningbo) in 2005.
Demag Plastics Machinery (Ningbo) Co., Ltd. is currently producing the Systec C machine series, which is available with clamping forces of between 500 and 10,000 kN. In July 2015, additional machine series are planned to enhance the Sumitomo (SHI) Demag product portfolio in China. The company also envisages an increase of the export rate, currently at 25%. In addition to local processors, Demag Ningbo supplies injection molding companies in Southeast Asia, the Middle East and Latin America. Extending the production capacity is a response to the increased demand for injection molding machines in China and other sales markets and establishes the groundwork for maximizing the company’s market share.
Sumitomo (SHI) Demag Plastics Machinery GmbH
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