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Ningbo, China, honors Demag for economic development

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.