MANILA, PHILIPPINES - An official of Arburg GmbH said the Philippines is a promising market for injection molding machines because of the growing demand for high-precision plastic components. Heinrich Fritz, Arburg's managing director for sales, told a gathering of plastics executives at the Manila Hotel recently that his company sold 120 injection molding machines in the Philippines last year through its Manila sales agent, Celmar Trading Co.
Arburg is based in Lossburg, Germany. It has subsidiaries in Southeast Asia including Malay-sia, Thailand and Indonesia, and a regional headquarters in Sing-apore.
Fritz said that last year, Arburg sold 80,000 injection presses worldwide, with total sales of about $365 million.
Celedonio S. Pile, general manager for Celmar Trading, said at least seven Philippine companies are planning to buy new injection molding machines this year as part of their expansion plans. These companies include Manly Plastics Inc., Swedish Match Corp., Premier Creative Inc., Metroplas Packaging Corp., Studio One Inc., Rowell Plastics Corp., and H&E Manufacturing Corp., all headquartered in Manila.
Last year, the Philippines imported 860 injection presses. About 472 (55 percent) of these machines were bought from Japan, 186 (22 percent) from Taiwan and 75 machines (8.7 percent) from South Korea. Other machines were imported from Hong Kong, Germany, the United States and Singapore.
Pile said most Philippine companies import machines from Japan because of its proximity to Manila and the incentives offered by the Japanese.