Woojin Plaimm setting up offices in Japan and Mexico

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: April 5, 2012 6:00 am ET

Related to this story

Topics Machinery, NPE 2012

ORLANDO, FLA. (April 5, 5:50 p.m. ET) — South Korean injection press maker Woojin Plaimm Co. Ltd. (Booth 1521) wants to significantly expand its international sales, setting up direct sales offices in Japan and Mexico this year and expanding its North American service staff.

The Incheon-based firm, which makes 1,500 injection molding machines annually and claims to be Korea’s largest press maker, made a similar push in the last two years in Asia, setting up direct sales offices in India, Malaysia, the Philippines, Thailand, Vietnam and Indonesia.

“The Korean market is very small,” said Steve Gwon, director of the company’s Brea, Calif., sales office. “Our concentration is to globalize.”

This is the first time the company has exhibited at NPE, and Gwon said Woojin is looking to add technical support staff in Illinois and Georgia later this year so it can expand sales outside of its base on the West Coast of the United States.

“In the U.S. we are just selling machines in the West Coast,” he said. “We would like to expand to the East Coast and the Midwest.”

The company sells about 25-30 presses a year in the United States, with business of about $4 million, but wants to more than double that in the next two years, he said.

Globally, the company has sales injection molding machinery sales of about $147 million, with its Incheon factory accounting for about $130 million and the rest from a small factory in Ningbo, China.

Its worldwide sales have grown from $30 million 10 years ago to five times that now, Gwon said, in part because it started manufacturing presses larger than 1,000 tons clamping force in 2008.

About half of the company’s sales are outside Korea. It opened its new Japanese sales office in late March, and it plans to open its Monterrey, Mexico sales office this summer.

“We have many customers in Monterrey and Tijuana,” Gwon said.

At NPE2012, Woojin was exhibiting two high-speed all-electric presses of 165 and 220 tons clamping force, along with two different versions of energy-saving motors for hydraulic presses, and several other presses.

It was also showing its injection machines with heaters wrapped in what it said was the world’s first nano-porous insulation material to prevent energy loss.

The equipment was developed by Korean company Aerogel Application Group in Deajeon City, two years ago, and last year was installed on thousands of injection molding machines at factories making components for Samsung’s mobile phones and televisions, said Aerogel Chief Executive Officer Brian Kim. He spoke in an interview at the Woojin booth.

The equipment both cuts energy loss and reduces the temperate around injection molding machines, making the environment more comfortable for employees, Kim said.

As of April 1, Woojin changed its name from Woojin Selex to Woojin Plaimm.

It plans to expand in three or four years and move to a much larger facility in central South Korea. It’s running out of space at its current 540,000 square foot factory in Incheon, near Seoul, Gwon said.


Comments

Woojin Plaimm setting up offices in Japan and Mexico

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: April 5, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

High pressure RTM systems moving from Europe to Mexico

November 20, 2014 4:24 pm ET

Engel Holding GmbH's subsidiary in Mexico says it has sold the first high pressure resin transfer machine system (HP-RTM) in the Americas to a Mexican...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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