In advance of establishing the North American headquarters of its Plastics Inc. subsidiary, Pegaso Industries S.p.A. (Borgoricco, Italy) announced that Michael Smith has joined the company as Vice President of Sales and Marketing to further develop Pegaso/Plastic Systems’ growing auxiliary equipment business in North America. The group, which includes Plastic Systems Shanghai, Plastic Systems Latin America and Plastic Systems India, generates a consolidated turnover of €70 million and employs more than 400 people worldwide.
Smith has an extensive background in the plastics industry, having served with LK Machinery, Hong Kong, as President and CEO North America and Husky Injection Molding Systems as Director Sales and Service North America. Smith is also former Chairman of the Plastics Industry Association's Western Section.
Smith joins Plastic Systems with the mission of further growing its business in extrusion, injection molding and blowmolding processing and PET solutions to a global market. When asked about the new venture, Smith commented, “I am excited to start a new challenge within Pegaso/Plastic Systems Inc. and look forward to working with their outstanding team in furthering their strong commitment to the North American plastics market.”
Rinaldo Piva, President of Pegaso Industries, said Smith’s “vision, reputation and knowledge within the plastics industry has already made him a significant member of the Plastic Systems team. We view his appointment as a reflection of our commitment to a growing market. Acceptance of our process equipment platform and increasing demand from our customers has led us to seek an addition to the team with the capabilities and reputation of Michael. We are confident he and his team will continue the pursuit of excellence synonymous with the Plastic Systems brand.”
Pegaso Industries is a global manufacturer of equipment and auxiliaries. The holding is composed of Plastic Systems, an international leader in machinery and special systems for plastics processing; PET Solutions, which specializes in beverage packaging systems; Blauwer refrigeration systems; Steel Systems for the production of steel components; and Ergomec, specialists in storage, pneumatic transport and dosage of granules and powders for the plastic, chemical and food sectors.