Woojin Plaimm setting up offices in Japan and Mexico

By Steve Toloken
News Editor / International

Published: April 5, 2012 6:00 am ET

Related to this story

Topics Machinery NPE 2012
Companies & Associations

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
News Editor / International

Published: April 5, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Techmer PM planning new compounding plant

March 26, 2015 3:30 pm ET

As crowds gathered around their 3-D-printed Shelby Cobra sports car, Techmer PM officials revealed that the firm will open a new materials plant in...    More

Itech South buys 7 Negri Bossi presses

March 26, 2015 4:51 pm ET

Itech South, part of Injection Technology Corp., bought seven Negri Bossi injection molding presses, equipped with Sytrama robots, at NPE 2015.    More

Image

Uniloy Milacron, 20/20 ink massive structural foam press sale at NPE

March 26, 2015 4:19 pm ET

20/20 Custom Molded Plastics Ltd. bought four Uniloy Milacron structural foam machines, in a deal signed March 25 at NPE 2015.    More

Image

Customs snafu snags Boy Machines

March 26, 2015 9:42 am ET

ORLANDO, FLA. — With apologies to poet Robert Burns, this year’s NPE in Orlando definitely proved that “sometimes the...    More

Image

Arburg investing for continued US growth

March 26, 2015 1:39 pm ET

Arburg GmbH & Co. KG kicked off its NPE 2015 with details about its new U.S. headquarters offices in Connecticut, as the German injection press builde...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

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

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

More Events