Friedrichshafen, Germany — As a young start-up company, the troubling economic conditions in Europe has not landed PlastiVation Machinery GmbH in the same situation as many of its competitors.
"We've all read that our industry performance is down by at least 15 percent compared to last year," CEO Thomas Strecker said.
"The great advantage for us is that our sales levels started from a very low point, so, unlike the established names in the plastics machinery manufacturing sector, we have very little to lose. In fact, for us, the past year has been good. We've supplied 10 times as many machines as the year before," he said.
Founded in 2021, PlastiVation became an independent company within Tederic Group, a China-based global mechanical engineering company, in April 2024. Munich-based PlastiVation supplies the Tederic NEO series injection molding machines to customers in the DACH and Benelux region.
Under the umbrella of its Chinese mother, the company is now focusing on consolidating positive order development and building out its customer care approach.
"We've now reached the stage where we can accelerate the process. At the beginning, the biggest problem was name recognition — the awareness of our existence. Most potential customers hadn't ever heard of us, let alone know how to find us. I think we're now beyond that. We have some momentum and we are starting to receive more and more requests, including from a number of well-known companies, and we have also already received orders from bigger companies," Strecker said.
"In general, we are quite positive about the future. Yes, the market today is difficult. But we are continuing to implement improvements and new developments: as soon as the economy recovers, we will be ready for our customers," he said. "And, importantly, we have a strong owner in China, that is well able to realize short delivery times. Because when it happens, I expect it will gain traction faster than we expect."