CINCINNATI—Cincinnati Milacron Inc. reported it sold more than 150 pieces of plastics machinery at NPE 1997, generating $40 million in sales.
The 150 machines doubled Milacron's results from the NPE show in 1994.
Milacron's Elektra injection presses sold well, according to Bruce Kozak, vice president of marketing for plastics machinery.
``Almost one-third of our NPE injection molding machine sales were all-electric models,'' Kozak said in a news release.
Milacron pulled in 6,000-plus inquiries during the show, which ran June 16-20 in Chicago. The firm generated more than 40 quotations a day.
Also strong: large-tonnage injection presses. Kozak said Milacron sold more than a dozen machines with clamping forces of 1,000 tons or more. Milacron's D-M-E business, which makes standard mold components, racked up more than 1,600 inquiries.
Milacron's Plastics Machinery Group in Batavia, Ohio, issued the news release detailing NPE sales July 16, the day after the Cincinnati-based parent firm disclosed the show figures in its second-quarter financial report. The company noted that the $40 million in orders at NPE were not included in the second-quarter financial results because they were booked into the third quarter.
For the second quarter of 1997, ended June 14, the Plastics Machinery Group had sales of $179 million, a 13 percent increase over the 1996 period. For the first six months of 1997, it sold $328.2 million worth of plastics equipment.
``Shipments of U.S. injection molding machines, the group's largest and traditionally most profitable business, continued to rebound in spite of a very price-competitive market,'' the company said. ``The group's earnings improved slightly, to $13.8 million from $13.5 million, as gains in the U.S. were offset to a degree by a small loss at Ferromatik.''
The firm is restructuring Ferromatik Milacron GmbH in Malterdingen, Germany, including laying off an undisclosed number of workers.