Frigel growing in Asia, South America

Rebecca Kanthor
PLASTICS NEWS CORRESPONDENT

Published: May 5, 2014 2:45 pm ET
Updated: May 5, 2014 2:52 pm ET

Image By: Rebecca Kanthor Benjamin Sutch, president of sales and service for Frigel Asia Pacific, said the company will expand its existing Asia-Pacific plant.

Related to this story

Topics Asia, China, South America, Machinery, CHINAPLAS

SHANGHAI — It seems even the newest line of 3DK cooling equipment can’t stop Frigel Firenze SpA’s from heating up, especially in Southeast Asia and South America, where the company is investing heavily.  The company has nearly quadrupled its business in Asia between 2011-2013 and expects at least 50 percent growth this year.

 The Florence, Italy-based equipment manufacturer is in the midst of a rapid and vast expansion plan in Thailand and Brazil. The company’s facility will expand within half a year from an existing 1,000-square-meter Asia-Pacific plant to a new 8,000-square-meter facility that will be just a bit smaller than the company’s headquarters factory.

“We’re opening it with the absolute intent of bolstering our manufacturing capabilities in Asia,” said Benjamin Sutch, president of sales and service for Frigel Asia Pacific, adding that the company hopes the region will make up a 33 to 40 percent of the company’s business in the future.

Currently Asia Pacific makes up about 19 percent of the company’s total sales.

The new plant will help the company deliver product to customers faster.

“To remain competitive as we continue to grow we have to meet that demand quickly. At present we have to split manufacturing between Bangkok and Florence. This has stretched out lead times,” he said.

 The move is a part of a larger global strategy for Frigel.

“There’s something to be said about building a building, hiring staff and making a home in the markets that you serve,” he said.

 He told Plastics News in an interview at Chinaplas in Shanghai that the Bangkok factory will be fully functional by the end of the year and that the current staff of 35 would be increased around 50 percent over the next few years. Frigel’s product range of portable chillers, and flow and temperature controllers will be produced there.

He added that the company’s São Paulo plant will be slightly smaller and will also serve the local and international market in Brazil.


Comments

Frigel growing in Asia, South America

Rebecca Kanthor
PLASTICS NEWS CORRESPONDENT

Published: May 5, 2014 2:45 pm ET
Updated: May 5, 2014 2:52 pm ET

Post Your Comments


Back to story


More stories

Image

Hyundai Mobis investing $24 million to expand in Slovakia

January 22, 2015 9:28 am ET

South Korean auto parts maker Hyundai Mobis has unveiled plans to invest about 21 million euros ($24.1 million) to modernize and expand the output...    More

China's growth hits 24-year low

January 21, 2015 10:17 am ET

The world's second largest economy reported its 2014 gross domestic product growth at 7.4 percent, the lowest since 1990. The plastics industry...    More

Image

Emerging markets beckon China's toymakers

January 21, 2015 2:08 pm ET

Manufacturers at the recent Hong Kong Toys & Game show say plummeting oil prices have had negligible effect on toy makers' bottom lines.    More

Image

Report: Global machinery sales to India continue to fall

January 21, 2015 9:53 am ET

Difficulties in India's manufacturing sector are continuing to hit German plastics and rubber machinery exports, with sales to India down 15 percent...    More

Image

Gerd Liebig returns to Demag business

January 19, 2015 8:33 am ET

UPDATED — Gerd Liebig, the former head marketing manager of Engel Holding GmbH, has been appointed managing director-chief sales officer at Sumi...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events