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

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

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

Smartphone work adds 52 percent to sales for China's Eva Precision

September 18, 2014 4:37 pm ET

Growth in supplying the smartphone and automotive industries helped Chinese processor Eva Precision Holdings Ltd. push injection molding sales up 52...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

Bud Frye may be retiring, but his molds and products continue

September 12, 2014 1:11 pm ET

After 35 years in the plastics industry, Bud Frye thinks it is time for someone else to sell his food storage and housewares products. That's why...    More

Image

California mold maker adds new press

September 9, 2014 1:54 pm ET

M.R. Mold & Engineering Corp. of Brea, Calif., has upgraded its injection molding capability to enhance testing and sampling of customer molds prior t...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events