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Machine orders increase for Sumitomo (SHI) Demag amid pandemic
Source:Adsale Plastics Network    Editor:JK    Date:17.Aug.2020

Compared with the first half of 2019, injection moulding machine manufacturer Sumitomo (SHI) Demag is ending the first half of 2020 with a healthy order book. During the first six months, the value of incoming orders for machines produced in Germany and China rose by almost 25%.

 

Cautiously optimistic for the future, CEO Gerd Liebig provides some context behind the healthy growth curve, which he predominantly attributes to orders placed by the packaging and medical technology sectors. "Our intentional strategic focus on these two growth markets over the past few years has placed us in a stronger position, helping us to survive during these difficult times with a strong order increase."


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Sumitomo (SHI) Demag expects to report a year-on-year 17% increase in overall incoming orders for 2020.


As with the entire plastics industry, demand from the automotive industry has slumped sharply for the Japanese-German manufacturer of injection moulding machines.

 

The Group’s forecast for the consumer segment is also rather cautious: Due to the tense situation on the labour market and the declining propensity of consumers to buy, the company anticipates a lower inclination among moulders to invest.

 

In contrast, the packaging and medical segments are developing very positively this year, and demand for all-electric machines is also rising sharply.

 

As a result of stable sales, Sumitomo (SHI) Demag expects to report a year-on-year 17 percent increase in overall incoming orders for 2020. As a result of this increase, Sumitomo (SHI) Demag is pushing ahead with the planned cooperation with its Japanese parent company, with Japan commencing production of IntElect machines later in 2020.

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