Market trends
Samsung expanding EV battery plant in Hungary as EU probes state subsidy Editor    |    2019/11/25
Samsung expanding EV battery plant in Hungary as EU probes state subsidyHungarian Prime Minister Viktor Orban (2nd from left) visits Samsung SDI plant on completion in 2017Europe’s electric vehicle (EV) revolution is continuing apace as Asian battery manufacturers build up EV power pack capacity in recently launched or extended plants in the region. South Korean giant Samsung is now investin..

Engel cites drastic decline in global machinery market editor    |    2019/10/26
Engel cites drastic decline in global machinery market▲Plastics News photo by Caroline SeidelPaul Kapeller from Engel showing the new Sim Link System at the Engel booth at Oct. 16 at K 2019 in Duesseldorf, Germany. Photo: Plastics News/ Caroline SeidelDüsseldorf, Germany — Economic uncertainty and unresolved global issues are dragging down market volumes in the injection molding i..

Japan's Toshiba Machine to become Shibaura Machine in 2020 editor    |    2019/09/22
Japanese machinery maker Toshiba Machine Co. Ltd. is changing its name to Shibaura Machine Co. Ltd., effective April 1, 2020.Toshiba Machine stockholders approved the name change during a general meeting in June, the company said. It will make a gradual shift to Shibaura Machine throughout the next year.Takahiro Mikami, president of Tokyo-based Toshiba Machine, said the new name takes the company..

Robot sales slide in plastics sector Editor    |    2019/08/25
Robot sales slide in plastics sector▲ Robotic Industries AssociationNorth American robot and orders rode a strong second quarter — 19.2 percent in unit volume over the same period a year ago — and are up 7.2 percent for the first half of 2019, thanks largely to a robust automotive sector, according to the Robotic Industries Association.Orders to the plastics and rubber se..

Hillenbrand purchase ‘a unique opportunity for Milacron' Editor    |    2019/07/18
Joe Wilssens Milacron displayed the Cincinnati 2250 Injection machine, staking the claim to the biggest at NPE2018. Hillenbrand Inc., the owner of Coperion, announced July 12 it is buying Milacron Holdings Corp.In a blockbuster deal in the plastics machinery sector, Hillenbrand Inc. — the Batesville, Ind.-based parent company of compounding extruder maker Coperion and auxiliar..

New suppliers to auto industry mean new challenges to supplier-carmaker relations editor    |    2019/07/06
Detroit — Electronics are creating new tensions in automaker-supplier relations.The key problem, according to a new survey: Auto makers are pressing their usual desire to whittle new-vehicle parts costs, while suppliers of advanced electronics are not eager to oblige.That spells potential trouble ahead, said Dave Andrea, principal of Plante Moran, the consulting firm that produced the 2..

Survey: Workforce top concern for mold makers 취재부    |    2019/05/15
American Mold Builders Association NixWorkforce development is the biggest ongoing challenge facing mold makers, according the American Mold builders Association's Business Forecast Report."The No. 1 challenge that all we face actually deals with recruitment and retention of our workforce," AMBA Executive Director Troy Nix said in a webinar to present the results."When we asked about the challenge..

LS Mtron Has Signed a Cooperation Agreement on MuCell Technology Development with Trexel, a Leading Editor    |    2019/04/26
-LS Mtron Has Signed a Cooperation Agreement on MuCell Technology Development with Trexel, a Leading Foam Molding Company - The demand for foaming molding which specializes in product light-weighting is expected to increase with the needs for lightweight automotive and electronic product packaging.LS Mtron has signed a cooperation agreement on Mucell Technology development with Trexel(USA), a..

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