Chen Hsong licenses Mitsubishi two-platen technologyChen Hsong licenses Mitsubishi two-platen technology
One of the world's leading injection molding machine suppliers by volume is taking a trip up the technology tree with its licensing of know-how and technology for large two-platen hydraulic injection molding machines from Japan's Mitsubishi Heavy Industries Plastic Technology (Tokyo).
March 30, 2011
(Tokyo). Through this deal, Chen Hsong (Hong Kong) will apply Mitsubishi's expertise in the manufacture of two-platen machines that will be sold on an exclusive basis in China, Hong Kong, Macau and Taiwan and non-exclusively in other regions.
Furthermore, an OEM manufacturing and supply agreement has been inked that appoints Chen Hsong as Mitsubishi's exclusive manufacturer in Greater China for large-size two-platen hydraulic injection molding machines based on Mitsubishi specifications. A newly designed large two-platen Mitsubishi hydraulic injection molding machine will be manufactured in a Chen Hsong production facilities in the People's Republic of China, focusing mainly on energy efficiency and a better price-performance ratio.
Japanese injection machine OEMs have been struggling for some time with a high Yen that makes their machines expensive for foreign processors. Mitsubishi appears to have concluded that it needs more cost-effective offerings in its product portfolio.
This is the second tie-up that Mitsubishi has formed with a foreign machine builder. Last year, it became the sales and service agent in Japan for the marketing of Engel's multi-component machines with clamping forces of 1000 tonnes and below.-[email protected]
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