Sumitomo (SHI) Demag sees machine order increase
Posted on 07 Sep 2020 and read 1162 times
Compared with the first half of 2019, injection moulding machine manufacturer Sumitomo (SHI) Demag
ended the first half of 2020 with a healthy order book. During the first six months, the value of orders for machines produced in Germany rose by almost 25%.
Gerd Liebig, the company’s CEO, said this success is mainly attributable to orders placed by the packaging and medical technology sectors.
“Our intentional focus on these two growth markets over the past few years has placed us in a stronger position, helping us to survive during these difficult times with a strong order increase. To cope with the increase in orders, we are using all available resources and considerably increasing production capacity for our IntElect machines.”
He says Sumitomo (SHI) Demag expects to report a year-on-year increase in overall orders for 2020 of 17%. “Our plant in Wiehe is operating at full capacity and from November 2020 we will be producing the all-electric small machines at their highest rate yet.”
To achieve the required throughput, Sumitomo (SHI) Demag is co-operating with its Japanese parent company,which will be commencing production of IntElect machines later this year.