Page 54 - Plastcs News January 2019

Business news

SAR and Yizumi collaborate for Sandhar signs a JV Agreement

Plastics Automation and Services with Kwangsung Corp

uangdong Yizumi Precision Machinery Co., LTD. and the andhar Technologies, Gurugram, has made
GSAR Group of Germany have entered into a collaboration Sa Joint Venture Agreement with Kwangsung
to focus on cooperation in the plastics and rubber sectors, Corporation, Republic of Korea. The joint venture will
as well as service in the Chinese market.The collaboration be manufacturing and selling, inter-alia, interior and
is aimed to work on new solutions for Digitization in exterior plastic molded parts and accessories for the
Industry 4.0, which requires a worldwide network passenger and utility vehicles segment which would
of technology include Sunvisor, Cargo Screen, Black-Out Tape, Glove
pa rt n e rs. Box & several other Blow-moulded products in a phased
SAR G rou p, wise manner. Kwangsung Corp will relocate some of
a technology the manufacturing bases of its existing product lines to
company, and the India making the country a nodal point of their exports.
Chinese machine The manufacturing of the products will be done in two
manufacturer phases depending on the capital expenditure involved.
In the first phase, products such as glove boxes, Sun-
enter ed into Visors, Anti-chipping, Cargo screen, will be produced
co o per atio n starting in 2019, as they require less capital investment.
cr eating the In the second phase, the two partners have planned to
synergies.SAR locally develop light-weighting material technologies for
Group, founded in 1985, has operations in 3 continents passenger cars and electric vehicle components. Minsoo
and 7 countries with 17 branch offices. BMW, VW, Audi, Sung, President and CEO, KwangSung Corporation,
Porsche, Daimler Chrysler etc. are some of the main said, “We are currently making around 500 products
customers of SAR Group. SAR Group focuses on control in Korea for the auto industry. With our first global
technology, automation, and robotics in addition to plant partnership with India we are expecting to produce all
engineering for the automotive and supplier industry. them here in coming years to cater to the markets of
SAR Group offers additional business fields in Industry Europe and US. Jayant Davar, co-chairman and managing
4.0.Guangdong Yizumi Precision Machinery, founded in
Guangdong, China in 2002, produces injection molding,
rubber and die casting machines and provides automation
solutions for the foundry industry and 3D printing systems.
In addition, Yizumi has a well-developed service network
in China with commissioning and service personnel and
software experts.

It has a presence all over the world offering a one-stop
solution as an equipment supplier. The company integrates
the functions of design, research and development,
manufacturing, sales, and customer service. Yizumi, as director, Sandhar Technologies, commented, “The new
a model enterprise in the equipment technology arena, technologies of light-weighting material and electric
has currently established various commercial divisions, vehicle that are most likely to be brought up in India
namely, injection molding machine, die-casting machine, like electric vehicles will develop over a period of time.
rubber injection machine, high-speed packaging machine, With this JV Sandhar is to bring forth the manufacturing
and robotic automation system, achieving diversification levels that are prevalent in Korea into India and continue
in the equipment manufacturing industry.Yizumi has global to have the same quality standards at perhaps more
manufacturing bases spanning across the whole of China comparative prices which makes a win-win situation
and also outside of China. for both the companies and customers.”

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