Sumitomo Demag: ‘So far, so good’ in challenges of 2019 logo-pn-color logo-pn-color

Düsseldorf, Germany — Sales this year at Sumitomo (SHI) Demag Plastics Machinery GmbH should be 286 million euros, about 9 percent down from 295 million euros in 2018, CEO Gerd Liebig said at the company’s Oct. 17 news conference. Liebig said that decline is not that bad, given economic uncertainty caused by Brexit, new European regulations for stricter automotive emissions and mandating tethered caps on bottles, and trade wars and tariffs. One reason: Sumitomo Demag had a big backlog going into 2019. “I’m quite happy that we’re managing the crisis. So far, so good. So this means we did not decrease our capacity. We are not in short-term work. We are not firing people. Because we are really optimistic, due to our strategic focus that when the market will recover, we need the capacity to increase our production volume,” Liebig said. That focus is on all-electric machines, medical and packaging, he said. The month after K 2019, Sumitomo Demag will begin to produce the all-electric IntElect injection presses at its plant in Chiba, Japan, where Liebig said the company plans to make about 100 to 200 IntElect machines a year. Liebig said the European econ...

Global Gear Pumps Market: Development History, Current Analysis and Estimated Forecast to 2025

A gear pump uses the meshing of gears to pump fluid by displacement. They are one of the most common types of pumps for hydraulic fluid power applications. The earthmoving, mining, and material handling segment led the market and will continue to dominate the market in the coming years. This sector includes machinery that is used extensively in capital-intensive sectors such as mining, infrastructure development, and construction activities. In terms of geography, the Americas was the leading revenue contributing region in the global gear pump market dutring 2017 and is anticipated to continue its dominance over the next couple of years. Since the US is the major exporter of machinery and equipment, mostly all other nations are dependent on the US for equipment for almost all the sectors. The US caters to several industries including construction, farm, oil and gas, mining, material handling, engines, industrial equipment, refrigerating and heating systems, pumps, and pumping equipment for machinery manufacturing. This generates an augmented demand for spare parts including gear pumps in the region. Access Report Details at: https://www.themarketreports.com/report/global-gear-pu...