Milacron’s Mold-Masters Hot Runner Product Brand Completes Significant Expansion at China Manufacturing Facility; Nearly Do...
July 18 2017 - 2:48PM
Business Wire
Milacron Holdings Corp. (NYSE:MCRN), a leading industrial
technology company serving the plastics processing industry is
proud to announce the completion of an 88,000 ft2 (8,200 m2)
expansion in Kunshan City, Jiangsu, China to their hot runner and
control systems manufacturing facility and a 26,000 ft2 (2,500 m2)
expansion in administration and support staff offices.
Mold-Masters industry leading hot runners continue to excel
globally with particularly strong growth in the large Chinese and
other Asian regions plastics market. Milacron CEO Tom Goeke stated,
“Our hot runner operations in China have seen year over year growth
every year since its inception in 2005.” Goeke added, “This
significant increase in our hot runner manufacturing footprint will
allow us to better serve our customers in Asia and the world by
adding both manufacturing capacity and engineering know-how to our
operations.”
The expansions were completed June 25th and the initial
installation of new machinery is underway. The expanded footprint
allows for the addition of 30 new machining centers, to be followed
by another 22 in the fall of 2017 allowing for major increases in
nozzle, manifold and component manufacturing. The increased
capacity and capabilities will also allow for manufacturing
operations, typically done by suppliers, to be brought in-house,
allowing for tighter quality and delivery control and the
reinforcement of Mold-Masters commitment to continuously improving
quality.
An Heid, Mold-Masters President of Asia and Americas stated,
“Mold-Masters operations in China are dedicated to serving the
Asian market and supporting our global operations.” Heid added, “In
China, speed is vital. Our ability to provide unparalleled quality
while providing the industry’s fastest order turnaround in China is
a major differentiator to our competitors. Quotes are returned in
hours, engineering drawings in a day, and final drawing in less
than three days. We continue to offer our customers the fastest
delivery times in the hot runner industry.”
Milacron’s Mold-Masters China operations employ over 800 team
members with that number expected to reach 900 by the end of 2017.
Across all of Asia, Milacron’s product brands including Milacron
injection and extrusion machines, Uniloy blow molding, DME mold
components and CIMCOOL fluids have 11 locations in China as well as
offices in Japan, Korea, Singapore and India.
Milacron has a very proud history in China with many years of
experience and long lasting customer relationships across the ever
growing Chinese plastics market. That unparalleled experience and
know-how highlights Milacron’s commitment to its customers in Asia
and the world.
Milacron continues to push the boundaries of possibilities in
plastics with breakthrough products from leading brands including
Milacron, Mold-Masters, DME, Ferromatik, Uniloy and CIMCOOL.
Link to high-resolution photo:
https://www.dropbox.com/sh/duelo1m6s2rpvjw/AAD5pophhojJsQISXF4UPxAGa?dl=0
About Milacron
Milacron is a global leader in the manufacture, distribution and
service of highly engineered and customized systems within the
plastic technology and processing industry. Milacron is the only
global company with a full-line product portfolio that includes hot
runner systems, injection molding, blow molding and extrusion
equipment, mold components, industrial supplies plus a wide market
range of advanced fluid technologies. Visit Milacron
at www.milacron.com.
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MilacronMedia:Michael Ellis, 905-877-0185 ext. 354Director of
Marketing and CommunicationsMichael_Ellis@milacron.comorInvestor
Relations:Mac Jones, 513-487-5057Vice President Finance and
Investor RelationsMichael_Jones@milacron.com
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