Thai machine maker to double capacity

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: December 10, 2012 6:00 am ET

Related to this story

Topics In Print

Thai blow molding machinery maker SMC Corp. Ltd. is spending 40 million euros ($51.7 million) on an expansion that will roughly double its capacity, reflecting what it said was demand from increasing population and economic growth in Southeast Asia and other emerging markets.

The Bangkok-based company, which is Thailand’s largest machinery maker and one of the largest blow molding equipment suppliers in Asia, is seeing growth in the mid-market segments that it specializes in, said Renato Lao, sales and marketing manager.

The company expects to complete the expansion of its main factory site in Kanchanaburi, Thailand, in January, he said.

The mid-market growth is coming both from customers in developed markets like Western Europe looking for lower-cost options, and from newer markets like South America and the Middle East where companies want to upgrade their production, he said.

“We are lucky that we have played in the middle market,” said Lao, in an interview at the VietnamPlas show, held Oct. 24-27 in Ho Chi Minh City. “I think we are catching up on both sides.”

The company makes about 120 extrusion blow molding and injection blow molding machines a year, and has seen its average machine sizes become larger in recent years as its customers want to produce more bottles per machine, he said.

That need for efficiency in bottle production reflects economic growth and rising consumption, and also has meant the firm has tripled revenues in the last eight years, because the bigger machines carrying a higher price tag, he said.

He declined to disclose company sales.

SMC’s largest markets are still in Southeast Asia, including Thailand, Indonesia and Malaysia, but it is seeing more interest from the Americas and Middle East, he said.


Comments

Thai machine maker to double capacity

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: December 10, 2012 6:00 am ET

Post Your Comments


Back to story

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