The hottest plastic machinery industry in South Ko

2022-08-19
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The plastic machinery industry in South Korea is recovering steadily

driven by the demand of multinational enterprises such as Samsung Group, LG Electronics and Hyundai Motor Corporation, the plastic machinery industry in South Korea is showing signs of steady recovery

for example, Dongxin Hydraulic Co., Ltd., one of the top injection molding machine manufacturers in South Korea, said that its sales were higher than the level before the economic crisis in mid-2008. The company has upgraded its equipment to compete more vigorously with Chinese made machines with lower prices

Phillipkim, executive vice president of Dongxin hydraulic, headquartered in Busan, South Korea, said that its monthly sales in 2010 were about US $3.5 million, higher than the US $3million monthly sales before the crisis

he said: with the improvement of the Korean economy, we are busy now. We have been recovering slowly since May 2009. This year, it has entered a stage of rapid growth

he said that during the crisis, the company carried out large-scale layoffs, reducing the number of employees from the original 200 to about 120 at present. At the same time, it increased investment to improve production efficiency, and developed a systematic method to integrate its machines with automatic machinery and other equipment in product design

Kim said: we are also facing competition from Chinese made machines Ningbo Haitian Plastic Machinery Group] products are everywhere. We no longer sell general-purpose machines

in an interview at the Korea International Plastic and Rubber Exhibition (koplas) held in Seoul from March 30 to April 3, industry officials shared more comprehensive economic data provided by the Korean government, and said that they were entering the recovery track driven by the demand of large multinational manufacturing enterprises in South Korea

according to the data of the Korean government, the production rate of Korean manufacturing enterprises has reached 80.5% (compared with 69% of American factories in February). According to the survey of the Central Bank of Korea, the confidence of manufacturers has returned to the highest level in seven years

exhibitors are generally optimistic about the prospects, although the optimism is also mixed with concerns about the uncertainties of major economies such as Europe and the United States. In addition, it is unknown whether the strong won will weaken the competitiveness of Korean products

Hanki Yoon, Secretary General of the Korea plastic processing machinery industry cooperation association in Seoul, said that in addition, Korean plastic enterprises are also facing the threat of the rising plastic enterprises of its neighbor China, so they must make every effort to work on quality and expand markets in the Middle East, Southeast Asia and India

although hard data on plastics are not available at present, Han revealed that with the improvement of the global economy, the overall performance of South Korea's plastic machinery industry is good, but it may not be completely out of recession

he said that the sales of this industry declined by about 15% during the crisis, and now it may have recovered by about 10 percentage points, still about 5% lower than the pre crisis level

nevertheless, there was general optimism at this exhibition

engelmachinerykorea Ltd., which has an injection molding machine factory in Korea The company said that in the past three months, the business of the plant has grown rapidly, said robertbodingbauer, President of the Korean branch in pyeongsawa

he said that due to the significant recession of export markets such as China and Southeast Asia, Engel's Korean factory was struggling in 2009, but what helped us survive the crisis was the Korean domestic market, which had never really declined, even at the lowest point of the global economic crisis

in an interview at the exhibition, he said: last year, the Korean domestic market has shown vitality. Korean enterprises have not stopped investing,

so it has not affected the growth of the market. The situation here is much better than that in Japan and Europe

according to his estimation, the decline rate of South Korea's machinery industry is about 10%, far lower than 30-40% in Europe and 50% in Japan

he attributed the relatively good performance of the Korean market to the achievements of Korean large multinational enterprises in the global automotive and consumer electronics markets. He said that as the world's largest manufacturer of computer chips, televisions and flat panel displays, and the world's second largest manufacturer, Samsung Group has been the largest customer of Engel, headquartered in schwertberg, Austria, in the past few years

he said that Samsung Group invested a lot of money to purchase Engel

combi series plastic machines for its LCD TV manufacturers all over the world. Samsung paid great attention to the new design of its TV sets, which finally proved that this design was popular with consumers

he said: Korean products have always been popular in European and American countries. Due to their large share in the global market, they have not been significantly impacted by [it is normal for the economy to use jaws for a long time and contact materials for a long time]

some people believe that the rise of Korean industry depends to some extent on the close relationship between its chain large industrial enterprises (commonly known as chaebols) and the government. Compared with other countries, these enterprises seem to have a closer relationship with the supply chain

Shinyong

Jin, the sales manager of kraussmaffei's office in Junpu, South Korea, said that, for example, LG and Samsung sometimes help suppliers buy high-quality molding machines, and then deduct discounts from their products according to the machine costs

he said that Korean molders may not have enough money to buy equipment, and LG and Samsung, which have strong financial resources, can help them to obtain the high-quality products they want suppliers to provide

for example, recently, Samsung Group announced that its profit soared by 75% in 2009, hitting a five-year high, while Hyundai Motor Company and its subordinate Kia motor company also rose to the fourth largest automaker in the world last year

D. company, another large-scale injection molding machine manufacturer in South Korea, said that its market grew steadily in the first quarter of this year, bringing a cumulative new output value of about 6.890 billion yuan to product user enterprises in the past three years. Most of its customers are suppliers of large multinational companies in South Korea

Youjonghyuk, manager of woojin's overseas business office, said that the company's factory is busy with operations, with a monthly output of about 100 plastic machines, of which the number of large tonnage plastic machines supplied to Korean automakers is increasing

he said: these days, our production workers are working overtime

You said that woojin, headquartered in Incheon, also set up its first direct sales office in Chennai, India, last year, and regarded India as its important future market

many industry managers in Japan said that after the sharp contraction of domestic machinery production in 2009, they are paying more attention to South Korea, the world's 13th largest economy

okawanobuaki, assistant manager of domestic and East Asian sales of Nippon ASB Machinery Co., Ltd., a blow molding equipment supplier in Nagano, Japan, said: for Japanese enterprises, the Korean market is extremely attractive

according to sodickplustechco

l the "opinions" 1 issue td According to the company, the Korean molding market now has strong demand in higher end fields such as micro connectors, electrical components of automotive components and LED lighting system components

shigerifujimaki, executive general manager of Sodick, headquartered in Yokohama, Japan, said that Korean enterprises have also received strong support from the government

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