Chinese packaging firm adds Husky systems

By Nina Ying Sun
Assistant Managing Editor

Published: May 23, 2014 11:00 am ET
Updated: May 23, 2014 11:05 am ET

Related to this story

Topics Packaging, Injection Molding, Machinery, Molds/Tooling
Companies & Associations Husky Injection Molding Systems Ltd.

A leading cosmetic packaging manufacturer in China announced May 21 an investment on Husky's injection molding systems for food packaging.

Publicly listed Shenzhen Beauty Star Co. Ltd. said its wholly owned subsidiary in Guangzhou has ordered two systems from Husky Injection Molding Systems Ltd. for a total of $2.16 million.

Each system includes molds, a Husky Hylectric injection molding press, a Husky hotrunner temperature controller, and a set of Husky auxiliary equipment, including a feeder, masterbatch mixer, chiller, robot, cooling system, cap closing equipment and conveyer.

These highly automated systems can produce 10,000 sets of products per hour, reducing cycle time and production cost, the company said.

The investment lays the foundation for the company to further increase its market share in high-end plastic food packaging.

The systems are based on customers’ demands and orders, with the molds specified for the customers. If the customers' market conditions change, and the ordered volume falls short of the forecast, the customer will pay for the molds, the company said. "We can develop new products to make sure the capacity is utilized."

The company spent $1.2 million on Husky machinery in 2013, representing about 55 percent of the total spending of the same category.

Beauty Star reported 268 million yuan ($42.9 million) of sales in the first quarter, 5 percent higher than the same period of the previous year. However, net profit [excluding non-recurring profit or loss] tanked 92 percent to 1.2 million yuan.

Main reasons for the profit drop include falling orders and structural adjustments of orders; continued labor cost hikes; increased equipment depreciation and electricity spending of new equipment, among others.

These factors will continue an impact through the first half of 2014, the company said. It forecasts a 30-80 percent decline of net profit before deduction of non-recurring profit or loss for the first 6 months of the year.

The company's 2013 annual sales came in at 1.1 billion yuan and net profit reached 53.5 million yuan, not including non-recurring profit or loss.


Comments

Chinese packaging firm adds Husky systems

By Nina Ying Sun
Assistant Managing Editor

Published: May 23, 2014 11:00 am ET
Updated: May 23, 2014 11:05 am ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

High pressure RTM systems moving from Europe to Mexico

November 20, 2014 4:24 pm ET

Engel Holding GmbH's subsidiary in Mexico says it has sold the first high pressure resin transfer machine system (HP-RTM) in the Americas to a Mexican...    More

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