Wise buys three presses from Battenfeld

Published: April 2, 2012 6:00 am ET

Related to this story

Topics Injection Molding, Machinery

ORLANDO, FLA. (April 2, 9:30 a.m. ET) — Custom molder Wise Plastics Technologies Inc. has purchased three Wittmann Battenfeld Inc. (Booth 2843) injection presses as part of a multimillion-dollar expansion of its factory in St. Charles, Ill.

The TM 550/5100 ServoPower presses, each with a clamping force of 550 tons, are scheduled for delivery in April.

With the three new machines, Wise now has 57 injection molding machines, with clamping forces ranging from 35-1,100 tons.

Wise Plastics has invested $3.5 million over the past several months to add injection molding machines, custom automation equipment and four bulk storage silos.

The investment in equipment and infrastructure is mainly to support several new, long-term projects awarded to Wise Plastics in the fourth quarter of 2011.

The molder has a diversified customer base, with no single segment accounting for more than 20 percent of total sales. Major markets include medical, lighting/electronics, recreational/sporting goods and computers/business equipment.

Torrington, Conn.-based Wittmann Battenfeld Inc. has been a supplier to Wise Plastics since 2000 for various types of auxiliary equipment. This marks the first time the machinery company has supplied injection molding machines to Wise.

Wise Plastics was founded in 1974.


Comments

Wise buys three presses from Battenfeld

Published: April 2, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Auto, medical, packaging all lead to solid sales for compounding extruders

December 18, 2014 6:00 am ET

Compounding extruder sales tend to be cyclical, but machinery makers report another solid year — thanks to automotive, medical, food packaging...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is...    More

Image

Plastikos, Micro Mold working with local high school

December 15, 2014 6:00 am ET

The companies donated a 60-ton Demag injection press to the school, and Micro Mold’s general manager has worked with the high school's tool...    More

Image

Guangdong machinery maker adds another plant

December 15, 2014 6:00 am ET

TAIPEI, TAIWAN — Extrusion thermoforming equipment specialist Guangdong Designer Machinery Co. Ltd. plans to open a new 70,000-square-meter fact...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events