Sumitomo (SHI) Demag has reported a successful eight days at the recent K Show, held at Messe Dusseldorf in Germany.
Speaking about the overall performance of the company at the show, CEO Gerd Liebig, said: ““We had some excellent customer meetings. In addition to the large number of new projects, we were also surprised to see that markets hit hard by the economic crisis, such as Germany, Spain and Italy, are now clearly signaling a revival with a significantly improved project situation.”
The injection moulding specialist introduced the new EI-Exis SP 1000 at the K fair, highlighting continuing investment in the company’s product range to better support customer requirements.
Despite sales of €25m over the eight days, Liebig remained cautious with regards to future performance. The Sumitomo (SHI) boss said that while he doesn’t “foresee an end to the crisis”, the company will look to increase production capacity in order to assist customers with application optimisation.
This will include in R&D and product support services, such as MyConnect.
He added that while the company is well-known for its expertise in packaging, the goal will be to bring the same focus to clean room medical machines, with validation support, together with automotive sector offerings.
Based on sales at the show, Liebig noted that its clear injection moulding in automotive is on the increase. The company is planning to launch new IntElect models for automotive and consumer markets in 2020.
Following along with the show’s sustainability message, Sumitomo (SHI) Demag is also continuing to work in that area, particularly with a view to supporting manufacturers working with recyclable materials.