Wittmann Group Takes Over Korean Agency
As of November this year, the Wittmann Group will take over Petra Corp., its current agency in Korea, integrating it into the group as a separate sales and service subsidiary trading as Wittmann Battenfeld Korea Ltd. In response to the positive development of the Korean market, the Wittmann Group has decided to cultivate this market more intensively than before. For this purpose, the former agency Petra Corp. is being taken over. The takeover activities are currently under way. From mid-October onwards, the future subsidiary will have an additional hall with 300 m² of floor space at its disposal for machine demonstrations, training courses and equipment storage.
Wittmann Battenfeld Korea Ltd. currently employs six workers. Recruitment of additional staff is planned for the immediate future. The management will remain in the hands of the former agency’s Managing Director, Chong Kim, who has already contributed substantially to the past success of the Wittmann Group in the Korean market.
Korea is primarily the home of a strong automobile and electronics industry, but the packaging and cosmetics sectors and the consumer goods industry also take up significant shares of the market. The total market volume for injection molding machines amounts to roughly 2000 machines per year, with about 30% of this volume delivered directly to Korea and the remaining 70% being required by Korean companies for their facilities outside Korea.
Wittmann Battenfeld GmbH
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