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The company will invest in up to 30 machines at a new plant to be built next yearGerman injection moulder Wilden is to step up its efforts to make products in China.
In July, Wilden set up a joint venture in Guangdong called Wilden Asia with local converter Wise, in which Wilden owns a 40% share. Mouldings are now produced in Wise facilities – which have a total of around 50 machines – or by subcontracting to other local moulders. Next year, Wilden Asia plans to buy up to 30 injection moulding machines, at a cost of E3m to E5m, in order to mould products directly for customers including Siemens, Bosch and VW. Wilden chief executive Hans Wilden said: “It will probably start up in the second half of next year.” The company has also taken a first step into the Middle East, by setting up a joint venture in Dubai. The plant, which has just one moulding machine, will produce household products for re-export back to Germany. Source: PRW.com Previous news |
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