Sales of injection molding machines at Sumitomo (SHI) Demag Plastics Machinery are rising, but still lag the sales of Demag alone in 2007 before its acquisition by Sumitomo.
The German-Japanese manufacturer of injection molding machinery based in Schwaig, Germany, had sales in 2016 of $254 million, up from $251 million in 2015. The 2016 order rate exceeded sales by 20 percent.
Gerd Liebig, who became CEO in January, attributes the company’s success to sales of the El-Exis machines in the plastics packaging segment and its all-electric IntElect machines among manufacturers of plastic industrial and medical precision parts.
“Over the past two years, our share in the global market for screw caps and thin-wall parts has risen by about 20 percent,” says Liebig. SHI sells more than 5,000 injection molding machines a year and has sold more than 60,000 all-electric injection molding machines.
The company presented a new generation of five IntElect machines with clamping forces between 50 and 181 tons today at the company’s plant in Wiehe, Germany. “The price gap between all-electric and hydraulic machines is closing – with the same range of options and systematic focus on the application,” Liebig said. The smallest model, which is 1.6 feet shorter than its predecessor, was shown at K2016.
Features of the series include compact footprint, updated motor technology and extended memory capacity for brake energy. SHI claims a savings of 20 percent versus comparable all-electric machines.
At Sumitomo’s headquarters in Chiba, Japan, the company manufactures machines with clamping forces in the small to medium range. Nearly 95 percnet of Sumitomo machines are equipped with all-electric drive.
Demag’s German facilities in Schwaig and Wiehe produce the Systec Servo range with hybrid drive as well as the El-Exis SP and Systec SP range of high-speed, high-performance machines. The all-electric IntElect range for international customers is also being produced in Germany. A new Chinese plant opened two years ago.
Sumitomo Heavy Industries, Ltd. (SHI) bought Demag Ergotech GmbH of Germany and Van Dorn Demag Corp. of Strongsville, Ohio, from MPM Holdings in 2008. It represented a much-needed consolidation of machinery assets at the time. Demag Ergotech’s sales in 2007 were $272.1 million with gross profit of $61.8 million. Van Dorn closed.