Sumitomo increases sales continuously for 5 years

Sumitomo DemagSumitomo (SHI) Demag, headquartered in Schwaig, has recorded continuously higher sales and incoming orders for the last five years. The company has its production sites in Schwaig, Wiehe (Germany) and Ningbo (China). The incoming orders for the newly launched specialist’s new generation of IntElect all-electric injection moulding machines and the positive business development in the packaging and medical segments have risen from EUR 245.9m in 2016 to EUR 297m in 2017 indicating the strong upward trend.

The company’s cumulated incoming machine orders for the past three years totaled about 40%. Important highlights of the company’s performance show an increase in incoming orders to a level of EUR 297.2m, increase in sales to EUR 261.3m by capturing an increase in market share of 20% in core segments. With this grand successful performance Sumitomo (SHI) Demag has finally climbed the summit becoming a market leader in the packaging segment, mostly due to thin-wall applications.

Gerd Liebig, CEO Sumitomo (SHI) Demag Group, commenting on this important milestone, said, “This healthy growth inspires our customers’ confidence that we will remain a reliable partner with a clear investment strategy. In practice, this means that our strategic focus will hone in on the key segments of packaging, medical and automotive as well as the on technical advancement of all-electric machines. Hence, we will enhance this product series by introducing machines with mid-range clamping forces at the beginning of 2019. Despite the general market growth in 2017, we increased our market shares in the automotive and medical engineering segments by 10%, and even by 20% for our core segments of packaging and all-electric machines.”

According to Liebig, a new pull production at Wiehe site with an annual capacity of 1,000 all-electric machines is expected to come on-stream at the end of 2018 increasing the production efficiency by 30 %.

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