Synventive Expands in China |
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Synventive Molding Solutions
10 Centennial Dr.
Peadody, MA, 01960
USA
Press release date: February 1, 2010
Company opens additional facility in Suzhou to keep up with continued growth in Asia
Peabody, Mass. (February 1, 2010) . . . Synventive Molding Solutions has announced it will add a new facility in Suzhou, China to increase its hot runner system production. This ex-pansion is necessary to keep up with its continued growth in the region.
In addition to its Asian headquarters in Suzhou, which was established in 2005, Synventive will expand to an additional facility nearby at Unit 20, Gang Tian Industrial Square, Suzhou Industry Park. The new factory will more than double the capacity of the current facility over a two year period.
Synventive will initially move its hot runner nozzle, tip, and small manifold manufacturing work cells to the new facility. This is scheduled to take place in March 2010. Also moving to the new facility is the company's hot runner system R&D Department. The increased space will allow Synventive to expand its R&D by adding a new, larger test lab and offices. The test lab will feature state-of-the-art equipment and injection molding machines.
This expansion is the latest development in an aggressive growth plan for Synventive in Asia. From the establishment of its Asian headquarters office in China just five years ago, in 2005, the company now has two manufacturing facilities in Suzhou, and direct China sales offices in Shenzhen, Shanghai, Tianjin and Ningbo, as well as other Asia locations in Taiwan, Korea, Japan, Singapore, Malaysia and India.
"The new facility and equipment will undoubtedly enhance our market competitiveness," said John Jofre, Synventive Asia President. "It also demonstrates our strong belief in the growth opportunities of the Chinese market. We will seize these opportunities and turn our increased capacity into actual results in the near future."
About Synventive
Synventive Molding Solutions is the plastics industry's technological leader in hot runner systems. Since the 1970s, Synventive and its predecessors have served thousands of customers in the automotive, electronics, telecommunications, packaging, medical, consumer/industrial and PET industries. Synventive has three production locations, all with their own engineering, manufactur-ing and service departments. Bensheim, Germany services the European market and Peabody, Massachusetts services the North American market. The Asian market is served from Suzhou, People's Republic of China.
Synventive has subsidiaries in North America and Brazil, Germany and other locations in Europe, India, Japan, Korea, PR China and Singapore. Agents are present in Australia, Canada, Israel, Mexico and Finland.
For more information, please visit www.synventive.com
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