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TECHNOLOGICAL WATCH

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Among the leading Chinese injection moulding machinery makers / Footprint expands in Europe

Among the leading Chinese injection moulding machinery makers / Footprint expands in EuropeThe European headquarters of Chen Hsong have been based in the Netherlands since 2013 (Photo: Chen Hsong)Injection moulding machinery manufacturer Chen Hsong (Hong Kong / China; www.chenhsong.com.hk) recently opened an office in Germany. Chen Hsong Germany, based in Kempen, is a wholly owned subsidiary of the group?s European headquarters in the Netherlands, where the machinery and spare parts warehouse is located. The German branch is headed by Andreas Bexte.

The Chinese company claims to be one of the world?s largest manufacturers of plastic injection moulding machines with clamping forces ranging from 20 t to 6,500 t. In 2018, Chen Hsong generated sales of HKD 2.4 bn (roughly EUR 218m), which corresponds to growth of 34%. Earnings before taxes doubled to HKD 422m. The presumed number two in Chinese injection moulding machinery manufacturing now matches market leader Haitian International (Hong Kong; www.haitianinter.com).18.07.2019 Plasteurope.com [242946-0]

» Publication Date: 18/07/2019

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