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Article: Machinery makers face year of shake-ups.
- Article from:
- Plastics News
- Article date:
- December 1, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Bregar
For plastics machinery manufacturers, 2008 brought new global alliances, a strategic shift by one major player and an assembly plant closing in Canada even as the U.S. capital equipment, like the economy, ends the year on a whimper.
Two major producers of injection molding machines changed hands this year. Sumitomo Heavy Industries Ltd. of Chiba City, Japan, bought Schwaig, Germany-based Demag Plastics Group. Then Austrian robot and auxiliary equipment company Wittmann Kunststoffgerate GmbH made a big move into injection molding equipment, picking up the Battenfeld injection press business.
Many industry observers see more ...
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