Sumitomo Demag announced at a press conference during the Fakuma 2017 show that the company will achieve its highest ever sales in the 2017 fiscal year.
As last year's order was very good and sales continued to be strong this year, revenue is expected to grow 17% to € 277 million, breaking the record of € 234 million created in 2016.
CEO Gerd Liebig said that Sumitomo (SHI) Demag's market share continues to grow in two of the most important strategic sectors: packaging applications and all-electric machines.
For high-speed injection molding machines, such as thin-walled packaging and threaded caps and corks, market share rose from 13% in 2015 to 18% in 2016 and 20% in 2017, and is expected to reach 20% next year.
Its all-electric machine market share rose from 13% in 2015 to 17% in 2016 and 18% in 2017. It is expected to reach 20% in 2018.
The company expects new orders to grow 20% this year and 2018 sales is expected to grow 22%. The company found new developments in the medical products and plastic packaging materials market, and the increase in orders for high automation machinery Extended.
Sumitomo (SHI) CEO Gerd Liebig (second from left) is pleased to announce a record record of 2017
Set up the automation department launched online service platform
Sumitomo (SHI) Demag also announced two major business developments - the establishment of automated business unit, launched myConnect online service platform.
The company aims to develop and manufacture a complete set of equipment for automated injection molding, using technology to meet the specific needs of the relevant target industries on the market.
One example is the part tracking function developed for the automotive industry, which was demonstrated at the Fakuma show, which is equipped with a standard removal device and incorporates a laser-coded (DMC) device to implement this function and can Using the same basic design to extend it to other machine specifications or applications.
In order to achieve these goals, Sumitomo (SHI) Demag plans to expand its production capacity in Germany Wiehe, which is planned to be implemented next year.
Board member Andreas Schramm served as head of the new automation business on September 1.
In addition to the new automation business unit, Sumitomo (SHI) Demag also developed a web-based software solution that provides customers with a central platform for a wide range of services called myConnect.
From the second quarter of 2018, the company plans to have network-compatible devices on all machines, as well as wireless connectivity.