Sumitomo Demag: 2015 most successful year in corporate history
Sumitomo (SHI) Demag has presented record results for 2015, with sales at EUR 234 million, up 11% on the previous year, and a significant increase in strategic market shares. These growth figures are said to be the result of the strategic changes initiated in April 2015, i.e. the focus on core competencies, the pooling of the two German production sites into one production centre and the capacity expansion at Demag Plastics Machinery in Ningbo/China.
With new subsidiaries in Hungary and Austria, the company has improved its market cultivation. These measures were aimed at improving the quality of sales consultancy and speeding up the service department’s solution management. Sales structures in Israel, Saudi-Arabia and Iran were also expanded and consolidated.
Besides others, the shares in the market for all-electric injection moulding machines have increased – particularly as far as the packaging market is concerned.
The good results in 2015 are said to provide the company with the strength for new strategic investments. Modernising its machine range, Sumitomo (SHI) Demag has recently made an investment in the double-digit million range. The expansion of industry-oriented sales efforts and the establishment of additional sales outlets are next on the agenda.
