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Mitsubishi Heavy Industries Plastic Technology ties Up in IM machines

March 31/2011

(Mitsubishi) -- Mitsubishi Heavy Industries Plastic Technology Co., Ltd., an injection molding machinery subsidiary of Mitsubishi Heavy Industries, Ltd., and Chen Hsong Group of Hong Kong, a major injection molding machine producer in China, have signed an agreement under which the two companies will collaborate in the area of large-sized hydraulic injection molding machines.

Under the tie-up agreement, MHI-PT will design the "MMX series" - high-quality, low-cost, energy-saving large-sized hydraulic injection molding machine lineup optimized for market needs in the emerging economies - and OEM production of the series will be consigned to Chen Hsong for marketing under the MHI-PT brand. In tandem with the OEM arrangement, MHI-PT will also license production and sales of same-platform machines to Chen Hsong, to be supplied under the Chen Hsong brand. The tie-up partners plan to launch the first OEM machines within the next six months, and to expand the lineups of both OEM and licensed machines progressively.

Through collaboration with Chen Hsong, MHI-PT will produce its own brand MMX series in China leveraging Chen Hsong's outstanding production capability and local supply chain. The OEM initiative will enable MHI-PT to maintain and further strengthen its competitiveness even amidst the strong yen.

Chen Hsong has one of the world's largest production capacities among injection molding machinery manufacturers. Locally the company is focusing on raising the production/sales ratio of high-performance machines that respond to the needs of manufacturers of electrical appliances and automobile parts, while expanding production capacity at its plants in Shenzhen, Foshan and other cities. The company is also aggressively working to develop a global market.

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