Taiwan's Chumpower plans new China factory

By Steve Toloken
News Editor / International

Published: October 2, 2012 6:00 am ET

Related to this story

Topics Blow Molding, Machinery

TAIPEI, TAIWAN (Oct. 2, 8 a.m. ET) — Taiwanese stretch blow molding machinery maker Chumpower Machinery Corp. is investing 40 million Chinese yuan (US$6.3 million) in a new factory in China, its second in the country, to meet growing demand in Africa, South America and the Middle East, a company executive said.

Chumpower’s new factory in Jaixing, Zhejiang province, will focus on simpler, less expensive machines popular in those markets, said Bush Hsieh, managing director of Taichung-based firm.

Hsieh said the factory will give the company overall capacity to make about 400 machines a year, which he said could give it the ability to make more stretch blow molding machines than any other company in Asia. The company could still trail Japan’s Nissei ASB in revenues, though.

“We still have many customers overseas who want machines produced in China,” said Hsieh, speaking in an interview at the company’s booth at the Taipei Plas show, held Sept. 21-25 in Taipei. “For the African market, we are doing very well.”

The company currently has factories in China’s Fujian province and in Taichung, with the Fujian facility focusing on domestic Chinese demand and the Taiwan headquarters factory making the company’s higher-end machines.

The 25,000 square meter Jiaxing factory will make machines similar to those in Fujian, with capacity of about 100 blow molding machines a year. It will employ about 100 workers and have the company’s first mold-making workshop in mainland China.

Chumpower said its global sales increased from US$33.3 million in 2010 to US$40 million last year, which it attributed to developing its fully-electric high speed machines three years ago. Sales grew 15 percent in the first half of 2012, and the company has maintained the same profit margins during the growth streak, Hsieh said.

The company has a sales target of US$67 million within five years.

The Taiwan factory manufacturers mostly all-electric machines for export, and its equipment has capacity of 18,000 bottles per hour and lower energy costs than the models made in China, he said.

The Fujian factory, on the other hand, makes a mix of electric and hydraulic machines with capacity of about 12,000 bottles per hour. About 90 percent of its production is sold in China, Hsieh said.

The company is also developing a 16-cavity stretch blow molding machine, he said.


Comments

Taiwan's Chumpower plans new China factory

By Steve Toloken
News Editor / International

Published: October 2, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

NFM Welding Engineers opens direct office in China

February 26, 2015 2:05 pm ET

MASSILLON, OHIO — Extrusion equipment manufacturer NFM Welding Engineers Inc. has opened a sales office in Dalian, China.    More

Image

Amut buys Dolci and Bielloni

February 25, 2015 3:41 pm ET

Amut SpA, the Novara, Italy-based maker of extruders, thermoforming machines and plastics recycling equipment, has acquired the Italian company that...    More

Image

Extrusion equipment makers adapting to market demands

February 25, 2015 2:11 pm ET

Extrusion equipment suppliers strive to meet new needs of the marketplace. While they continue upgrading speed, output and quality, they're also...    More

Image

Blow molding equipment makers turn up the efficiency

February 25, 2015 2:08 pm ET

Coming off a year of overall stable sales in 2014, blow molding equipment suppliers are looking for some growth coming from the packaging, automotive ...    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