Italian mold maker considers expanding in Latin America

By Rhoda Miel
News Editor

Published: November 14, 2013 12:01 pm ET
Updated: November 14, 2013 12:03 pm ET

Related to this story

Topics Molds/Tooling K 2013 Business News & Features
Companies & Associations

Increasing interest from molding companies in South America and Central America is prompting Italian mold maker Giurgola Stampl srl to consider how it could open a branch in the region.

Giurgola Stampl specializes in tooling for the packaging industry, especially caps and closures with both unscrewing molds and flip tops. It has seen sales increase steadily during the past 18 months in its existing customer base, but also business is coming from outside Europe, said Tomaso Maggi in an interview at K2013 in Düsseldorf, Germany.

"Companies from Brazil and Mexico are ready to buy," he said. "They have the money, they want to spend it and they are interested in the technology we can bring them."

During the early days of K 2013, the interest has continued to build from Latin America, he said, with some customers asking if the company, based in Briosco, Italy, is ready to open a satellite business there.

Expanding across the Atlantic also makes more business sense than moving into other regions of Europe, such as Russia, which the company can service from its existing production, he said.

The problem is that it will not be easy for a single company to expand, so instead Giurgola Stampi is looking at the potential to open a maintenance center in Brazil that it could share with other mold makers to ease the transition, Maggi said, but he is not sure when the final decision on expanding would come.

The interest from the Americas is a change from three years ago at K2010, he said. At that time, the company had a lot of business contacts from India and just a few from firms in Brazil and Mexico. This year, the demand from outside Europe has almost completely flipped.


Comments

Italian mold maker considers expanding in Latin America

By Rhoda Miel
News Editor

Published: November 14, 2013 12:01 pm ET
Updated: November 14, 2013 12:03 pm ET

Post Your Comments


Back to story


More stories

Image

MSI Mold Builders expands in Iowa, eyes automotive market

March 30, 2015 1:54 pm ET

MSI Mold Builders has recently completed a 12,000-square-foot expansion to its Cedar Rapids, Iowa, plant, bringing its total footprint to just under...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Mold maker Roembke's recipe for success

March 25, 2015 9:58 am ET

Double-digit sales growth is the norm at Roembke Manufacturing & Design Inc., and the mold maker is determined to continue that trend by sticking to...    More

Progressive's AST Technology takes mold monitoring to the cloud

March 25, 2015 9:27 am ET

AST Technology's CVe Live software monitors an injection molding machine and stores the information in the cloud so molders and OEMs can access the...    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