Page 21 - Plastics News July 2018

CompAny news

Sumitomo (SHI) Demag consolidates its product portfolio

umitomo (SHI) Demag is consolidating its product The management says that the growth rate of the IntElect
Sportfolio to reflect market trends, with a focus on series is outstripping all forecasts. For example, almost
all-electric drives and toggle technology. The price half of all machines sold in the past 12 months have been
difference between hydraulic and all-electric injection from the all-electric IntElect series. The product portfolio
moulding machines is reducing every year, underlining is therefore being changed to reflect market trends.
a trend towards all-electric machines, especially in the
lower clamp force range. Gerd Liebig, CEO of Sumitomo Toray Synthetics establishes
(SHI) Demag, explained: “All-electric machines like the
IntElect have become so technically mature, that after office for the engineering plastic
considering all the criteria, more and more customers market in Vietnam

oray Industries announces that it established a
Trepresentative office for the resin business of
its Thai subsidiary Thai Toray Synthetics in Hanoi to
capture the expanding engineering plastic demand
in the Vietnamese
market. The office
began operations
earlier this month.
In 2014, GDP per
capita of Vietnam
exceeded 2,000USD
and the country is
a promising market
where stable
economic growth of 6% or more is expected in the
future. The China plus one movement is also gathering
are finding it attractive.”In the past 12 months, almost pace and more Japanese office automation and auto
half of all machines sold have been from the all-electric parts manufacturers and Korean electronic appliance
IntElect series. manufacturers are expected to shift their production
The company has increased investment in the efficient, from China. Along with the economic growth of the
high-precision IntElect machine technology. An extensive country, its importance, not just as a manufacturing
investment programme has been launched at the two base but also as a consumer nation, is expected to
German locations. At Wiehe, a global competence centre further increase.By establishing Thai subsidiary‘s
for electric injection moulding machines, cutting-edge representative office, Toray aims to further expand sales
conveyor belt production lines have raised output by of engineering plastics (nylon resin, PBT resin and PPS
30%. Schwaig will almost double its capacity for platen resin) in the growing Vietnamese market by responding
processing by the end of the year thanks to its new quickly to local customers and solving various issues
processing centres Gerd Liebig, CEO of Sumitomo (SHI) swiftly. Under the Medium-Term Management Program,
Demag, explains the reasons as follows: “All-electric Project AP-G 2019, Toray is promoting "expansion and
machines like the IntElect have become so technically advancement of global business," and the establishment
mature, that after considering all the criteria, more and of Thai subsidiary‘s representative office in Vietnam is
more customers are finding it attractive. In addition to also part of this initiative. The company will further
the technological advantages such as dynamics, precision, expand the business in the ASEAN region, which is
repeatability, process stability, and energy efficiency, the expected to continue to post significant economic
price-performance ratio and the associated quicker ROI growth, contributing to the economic development of
is decisive.” the country.

21 July 2018 Plastics News