Home NEWS Significant sales increase for Sumitomo (SHI) Demag

Significant sales increase for Sumitomo (SHI) Demag

by tecnoplast
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Sumitomo (SHI) Demag Group with headquarters in Schwaig and production sites in Schwaig, Wiehe (Germany) and Ningbo (China) has posted all-positive results for the fiscal year of 2018. Global sales increased by 13% to EUR 294.9m with incoming orders rising by 6% to EUR 314.2m. The demand for IntElect all-electric injection moulding machines and El-Exis packaging machines was the main contributor to this major sales increase.

“Our platen machining capacities were stepped up by almost 50%, and our production processes have become moreefficient. In 2019, we are aiming for a 10% increase of our production output,”says Gerd Liebig, CEO of Sumitomo (SHI) Demag Plastics Machinery GmbH. “Unexpected additionaltariffs, the looming spectre of a no-deal Brexit and the automotiveindustry’s waning propensity to invest has presented us with some challenges. But we are willing to explore this slack in the market to reduce both our backlog and our delivery times,”Liebig continues. This year, the Wiehe production site will see further investment. Wiehe is almost exclusively dedicate to the production of the all-electric IntElect series. The objectives are to maximise efficiency of cyclic operation, which translates into significantlylower throughput times.

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