SCHWERTBERG, AUSTRIA (April 6, 11:55 a.m. ET) — Targeting the huge market for water and soft drink caps in China, Austria-based injection press maker Engel Holding GmbH is teaming with Plastisud SA, a French mold maker, to set up a joint venture.
Engel and Plastisud will unveil the venture, called Green Cap, at Chinplas 2012, coming up April 18-21 in Shanghai. At the Green Cap stand, An all-electric Engel e-cap injection molding machine will run nearly 130,000 caps an hour on a 96-cavity Plastisud mold. The cycle time will be 2.8 seconds.
The Green Cap line will offer presses in clamping forces from 200-420 tons, with 500 ton presses as an option. Molds come in 32 and 96 cavities as standard.
Engel, based in Schwertberg, has an assembly plant in Shanghai, and runs three sales and services offices in China. Plastisud, opened a sales office in Shanghai a year and a half ago.
“The Chinese market is very demanding. Chinese customers request nothing but the best,” said Walter Jungwirth, Engel's director of new business development.
Both companies are family owned, said Jean-Luc Giraud, CEO of Plastisud, based on Castelnaudary, France.