SINGAPORE—Cincinnati Milacron Inc. wants to double its sales in the Asia-Pacific region through a new regional headquarters the company opened Oct. 7 in Singapore.
The center will distribute all of Milacron's products, including plastics processing machinery, machine tools and cutting tools.
Tony Tan, Milacron's Southeast Asia director, said the center will allow Milacron to double sales from the Singapore hub during the next two years, from $35 million to $70 million.
The facility also will serve as the service center for the region, which extends from Japan to New Zealand.
Tan said the 5,000-square-foot Singapore center also will help Milacron respond faster to orders for spare parts and service, which had come directly from the United States. He said Milacron wants to set up an Asian manufacturing center for machine tools within the next five years.
Milacron is based in Cincinnati. Its Plastics Machinery Group is in Batavia, Ohio.
In plastics equipment, Milacron manufactures injection molding machines, extruders and blow molding machines. The company's D-M-E Co. unit makes mold bases and other standard mold components.
Milacron supplies Asia with machines built in the United States and its factory in Ahmedabad, India, which opened in late 1995.