The depressed market for plastics machinery has prompted the company that sells Mitsubishi injection presses to scale back its U.S. operation. Effective March 31, MHI Injection Molding Machinery Inc. will no longer stock a U.S. inventory of its Mitsubishi injection presses, and MHI will sell only through its network of manufacturers' representatives, according to people knowledgeable about the move. MHI executives declined to comment, but say the company will issue a news release next week. There will be no more direct sales from MHI, as the company in Bensenville, Ill., will lay off its direct sales staff, including its national sales manager and several regional sales managers, sources told Bill Bregar, Plastics News' senior reporter who covers machinery. MHI sells injection molding machines made by Mitsubishi Heavy Industries Ltd. of Tokyo. Mitsubishi set up the U.S. operation in 1989. Right now, all injection press makers are facing a depressed U.S. market for machines that has weakened in recent years. Axing full-time, direct sales people will enable MHI Injection Molding Machinery to cut costs. Because MHI will not have an inventory of machines in the United States, future new-machine orders will be filled directly from Japan. The company will retain its service and parts operations, to support the stable of Mitsubishi presses running at U.S. and Canadian customers. MHI informed customers about some of the changes, through a letter in mid-January. The company also has informed its sales reps.
Mitsubishi injection press maker retrenches in U.S. market
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