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        IMA

Sumitomo Demag’s orders grow in 2020, led by medical, packaging sectors

A bright spark in the industry comes from German- Japanese machine manufacturer Sumitomo (SHI) Demag that says it had a significant growth in orders, despite the economic downturn. From January-August 2020, its orders increased by 24% to EUR183 million, which it says is due to the packaging, medical technology and electronics sectors. For the 2020 financial year, Gerd Liebig, CEO, said the firm anticipates incoming orders and sales to reach EUR275 million and EUR250 million, respectively.

Demand for all-electric machines is also rising, with its market share in Europe accounting for 50% of all small and medium-sized machines. The packaging industry is also increasingly ordering all-electric machines, especially for applications with low and medium injection speeds, with its market share having significantly increased to 30%, said Liebig.

Sumitomo Demag’s orders grow in 2020, led by medical, packaging sectors

“We want to gradually close the price gap between hydraulic and fully electric machines. This will be achieved through global sourcing, optimisation of machine design and in-house production of drive technology optimised for the injection moulding process. These factors combined makes the costs and performance of our IntElect series highly competitive,” he added. Currently, more than 70,000 all-electric machines produced in Japan and Germany have been delivered worldwide.

Just like its competitors, SHI saw demand for automotive industry solutions falling by almost 70% in 2020. In contrast, demand for medical technology solutions rose by almost 50%. Here, the focus was on applications for in-vitro diagnostics.


(IMA)


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