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Keywords of this article:  injection molding 
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Gerd Liebig (2nd from left), Sumitomo (SHI) Demag CEO, is pleased to announce a record result for 2017.
Gerd Liebig (2nd from left), Sumitomo (SHI) Demag CEO, is pleased to announce a record result for 2017.
Photo: 12

Sumitomo (SHI) Demag Plastics Machinery GmbH is set to achieve its highest-ever sales volume in the 2017 financial year, the company announced at a press conference during Fakuma 2017.

Last year's excellent order book and continuing strong sales in the current year is expected to boost turnover by 17% to €273 million, beating its previous record of €234 million in 2016.

According to CEO Gerd Liebig, Sumitomo (SHI) Demag has continued to grow its market share in the two most strategically important product areas: packaging applications and all-electric machines.

In the case of high-speed injection molding machines, such as for thin-walled packaging and screw caps and closures, market share grew from 13% in 2015 to 18% in 2016 and 2017 and is expected to reach 20% in the coming year.

Its market share for all-electric machines increased from 13% in 2015 to 17% in 2016 and on to 18% in 2017. It is expected to reach 20% in 2018.

With an increase of 20% in incoming orders anticipated for the current year, sales in 2018 is expected to grow by 22%. The company sees renewed impetus from the medical products and plastic packaging materials markets, along with orders for machinery with increased automation, and expanded service offerings.

Sumitomo (SHI) Demag also announced two major business developments – the establishment of automation business unit and the launch of myConnect online service platform.

The company aims to develop and manufacture packages for automated injection molding production tasks. Technology will be selected to meet the specific needs of relevant target industries in the market.

One example of this is the part-tracing application developed for the automotive industry, which is demonstrated at Fakuma. This application uses an automated cell with standard removal and integrated laser coding (DMC), which can be scaled to other machine sizes or applications with the same basic design.

To achieve these goals, Sumitomo (SHI) Demag is planning to expand its production capacity at the Wiehe, Germany site, and this is due to be implemented in the coming year.

Board member Andreas Schramm has taken over as head of new Automation business unit on September 1.

Apart from the new automation business unit, Sumitomo (SHI) Demag has developed a web-based software solution to provide its customers with a central platform for a wide range of services known as myConnect.

From the second quarter of 2018, the company plans to deliver all its machines with network-compatible equipment, and also with the option of wireless connectivity.

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