By: Bill Bregar
July 15, 2014
Demag Plastics Machinery (Ningbo) received an award for outstanding contribution to the economic development of Ningbo, China.
The Camellia award is presented once a year by the city of Ningbo to non-domestic companies for contributing to the city’s economic and social development.
Ningbo is a center of plastics machinery manufacturing in China.
At a presentation ceremony, Stephan Grief, CEO of Demag Plastics Machinery (Ningbo) thanked Deputy Mayor Wang Jiang Hou, who presented the award.
The company is a unit of the German-Japanese injection press maker Sumitomo (SHI) Demag Plastics Machinery GmbH.
Sumitomo Demag is investing about 7 million euros (US$9.5 million) to expand production in Ningbo from about 650 injection molding machines a year to 1,000 by 2015.