Press maker Haitian’s profits dip
NINGBO, ZHEJIANG (September 2, 2008) -- Haitian International Holdings Ltd., China’s largest maker of injection molding machines, saw its profit fall more than 8 percent in the first half of 2008, as
demand plummeted from economic woes in the United States, rising oil prices and higher costs in China. The tougher business environment led to a “rapid and steep decline” in demand for
molding machines, particularly for smaller machines of less than 500 metric tons of clamping force, the company told the Hong Kong Stock Exchange late last month. Profit for the first six months of
2008 fell even as sales rose about 9 percent.
Mann + Hummel bolsters its global automotive reach
 Seipler
Toshiba expanding all-electric press output in Shanghai
SHANGHAI (August 26, 2008) -- With mainland China’s demand for all-electric injection presses on the rise, Japanese press maker Toshiba Machine Co. Ltd. is doubling the capacity of its Shanghai
factory. The company is also seeing increased exports from Shanghai to other Asian markets. Toshiba makes all-electrics from 40 to 350 metric tons of clamping force in Shanghai, along with
die-casting machines.
Taiwanese alliance develops all-electric press tech
TAIPEI, TAIWAN (August 19, 2008) -- A Taiwanese research alliance has developed technology that it claims puts it on par with high-end all-electric presses at a 30 percent cost savings, compared to
similar Japanese machines. Now the Taiwan Association of the Machinery Industry says it just needs time for its image to grow to become competitive in the Taiwanese and mainland Chinese market, and
then it will expand to Southeast Asia and South America. The technology will debut next month at Taipei Plas. Members of the partnership are press makers Fu Chun Shin Machinery Co. Ltd., Multiplas
Enginery Co. Ltd. and Victor Taichung Machinery Co. Works Ltd.; servomotor supplier Teco Electro Devices Co. Ltd.; and stretch blow molding machine maker Chum Power Machinery Corp.
Husky to emphasize packaging over automotive
BOLTON, ONTARIO (August 12, 2008) -- Husky Injection Molding Systems Ltd. will reduce its presence in the large-molding-machine market for the automotive sector in favor of building up its core
business of presses for PET preforms and the packaging sector. The decision to de-emphasize large-machine manufacturing reflects differing growth rates in the respective markets.
DC-Mould makes thrifty move from city center
 Zhang
Hard times force U.S. molder Modern to shut doors
BENTON HARBOR, MICHIGAN (July 29, 2008) -- Modern Plastics Corp., founded in 1937, is closing down -- a victim, company officials said, of the many hardships facing the U.S. plastics industry.
Executives said Modern Plastics got walloped by high costs for resin, utilities, transportation and health care, the inability to pass along price increases, financial turmoil at customers and loss
of work to China and Mexico.
Design Guide: Lord of the Rings and plastics innovation
 Lefteri
Sipa aims for flexibility in the China market
HANGZHOU, ZHEJIANG (July 22, 2008) -- After a whirlwind debut on the Chinese market more than a decade ago, Italian bottle machinery company Sipa SpA has gained a reputation in the region. And with
the help of a new China-made injection press and increasing marketing efforts, it’s a reputation the company is looking to expand.
Chen Hsong reports sluggish fiscal year-end results
HONG KONG (July 22, 2008) – The year-end financial results of China’s second-largest injection molding machine maker may be an indicator into the state of plastics China. The global economic downturn
is putting a chokehold on earnings for Chen Hsong Holdings Ltd. The company pointed to oil prices pushing up costs of commodity resins and the subprime mortgage crisis and economic problems in the
United States as factors in its earnings dropping well below its double-digit increases of previous years. The results suggest that China’s plastics industry is seeing slowing growth and faces
increasing pressure.
International plastics mergers, acquisitions on rise
 Blaige
Has China lost its ‘low-cost workshop’ status?
 Franz
India probes allegation of China injection press dumping
NEW DELHI, INDIA (July 11, 2008) -- India’s Ministry of Commerce and Industry has launched an investigation that Chinese companies are dumping injection molding machines into India -- in a sign of
friction between two of the world’s fastest-growing countries for plastics. News of the dumping allegations drew a mixed reaction from machinery and plastics industry officials in India, China and
the United States. And China’s press makers met in Beijing to discuss the charges.
Southco consolidates North American injection molding
CONCORDVILLE, PENNSYLVANIA (July 15, 2008) -- Southco Inc. has finished moving its injection molding operations into its 12,500-square-meter manufacturing campus in Concordville, which the company
called part of its commitment to manufacturing in North America. Southco molds latches, hinges, handles and other fasteners for a variety of industries, including automotive, aerospace and medical.
It has other manufacturing locations in Shenzhen, Shanghai, and Seongnam-Si, South Korea, as well as in North American and Europe.
Design competition goes international for NPE 2009
WASHINGTON, D.C. (July 15, 2008) -- In a break with tradition, the Washington-based Society of the Plastics Industry Inc. (SPI) will make its next design competition an international event and will
add new design categories. The competition will be held in conjunction with NPE 2009, scheduled for June 22 to 26 in Chicago, Illinois. In the past, the National Plastics Design Competition was
mostly restricted to U.S. entries and limited to load-bearing parts, enclosures and structural parts. The upcoming competition will be open to virtually any type of design, including packaging
products, bioplastics, nanocomposites, and products that address energy efficiency and sustainability.
Rosti to open Indian injection molding plant
CHENNAI, INDIA (July 15, 2008) -- Injection molder Rosti Technical Plastics plans to open a new plant in India, further strengthening the Danish group´s commitment to Asia, where it already
operates a facility in China.
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