By: Stephen Downer
March 27, 2013
MEXICO CITY — Guangdong Yizumi Precision Machinery Co Ltd has authorized Industrias Plásticas Maximo SA de CV, of Cuautitlán Izcalli, to sell Yizumi-brand presses in the region running from Mexico to the top of South America.
The deal with Yizumi of Foshan City, China, was sealed in March, Maximo owner and Managing Director Guillermo Salas said in a March 26 email.
Two years ago Yizumi purchased all the intellectual property of HPM Corp., a prominent injection molding machine manufacturer in Mount Gilead, Ohio.
Maximo's deal with Yizumi does not include HPM-brand presses. Yizumi's HPM North America Corp. unit also is permitted to sell HPM presses in Mexico, either through Maximo or independently, Salas said, and HPM is free to sell HPM and Yizumi machines in Central and South America.
Yizumi manufactures 400 injection molding presses a month, ranging in clamping force from 50-3,000 tons, according to Salas.
Maximo already represents Asian blow molding machinery manufacturers Akei Holdings Co. Ltd. of Hong Kong and Parker Plastic Machinery Co. Ltd, of Taiwan, plus injection press manufacturers Jon Wai Machinery Works Co. Ltd. of Taiwan and Tat Ming Technology Co. Ltd. of Dongguan, China.
In 2012 Maximo had sales of $4 million, 14 percent above its 2011 sales. Of that total business, 75 percent came from sales of blow molding machinery, particularly extrusion blow molding machines, Salas said at the Plastimagen México trade show in mid March.
"Competition in Mexico is hard because it's a market-based on price," he said. "If you have the cheapest machine, you have the biggest share of the market. People are not looking for quality but price."
He believes the plastics industry in Mexico will grow rapidly over the next six or seven years, primarily because of the booming automotive, packaging and aeronautics sectors.
Salas is a former president of the Mexican plastics industry association, Anipac (Asociación Nacional de Industrias del Plástico AC).