Sunningdale expects challenging conditions

By Gurdip Singh
Correspondent

Published: May 7, 2012 6:00 am ET

Related to this story

Topics Automotive, Consumer Products, Medical, Injection Molding, Molds/Tooling

SINGAPORE (May 7, 2:50 p.m. ET) — Injection molder and toolmaker Sunningdale Tech Ltd expects the business environment to continue to remain challenging for the rest of the year.

“Our customers in Europe are affected by the on-going debt crisis, slower global economic growth and volatility in foreign exchange rates present additional complexity,” the Singapore-based company said in its first quarter report.

“Pricing pressure from customers, coupled with rising raw material prices and significant labor costs increase in China continue to squeeze margins,” it said.

However, Sunningdale Tech recorded a 16.6 percent increase in quarterly sales, compared to the same period a year ago, to S$110.63 million (US$88.64 million). It also recorded 63.7 percent increase in the net profit to S$3.3 million (US$2.64 million).

Automotive business remains stable. “We continue to gain new bezel projects from existing customers to replace current projects that will come to end of life,” said the Singapore-listed company.

The initiative to expand into other automotive plastic parts was in progress, it said.

The company’s healthcare business continues to grow steadily, while mold fabrication remained stable with healthy backlogs carried forward from 2011 and also new orders received in the quarter, it said.


Comments

Sunningdale expects challenging conditions

By Gurdip Singh
Correspondent

Published: May 7, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

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...    More

Image

Thomson Plastics opens N.C. plant

November 20, 2014 3:12 pm ET

Custom injection molder Thomson Plastics Inc. has opened a new manufacturing facility in Lexington, N.C.    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Deimling/Jeliho expanding molding, mold making operations

November 19, 2014 3:18 pm ET

Deimling/Jeliho Plastics Inc., a custom thermoplastics injection molder and contract manufacturer located in Amelia, Ohio, is expanding its molding an...    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