NEWS


KraussMaffei rolls out new financing option


German machine manufac- turer KraussMaffei has officially launched its FlexPay OPEX (operational expendi- tures) financing option. Delivered in partnership with Austrian pay-per-use leasing specialist Linxfour, the move follows a one-year pilot program with key selected customers and covers moulding machines and robots. The company said that usually it is necessary for a processor to invest large amounts in new systems which ties up a moulder’s capital, but its new financing option makes it possible to pay only for the actual production hours.


In the financing option,


there is a variable down payment per machine and a


LS Mtron expands verticals


South Korean machinery maker LS Mtron is expand- ing its line of vertical presses to include 10 new models equipped with Industry 4.0 capabilities. The hybrid presses are designed for sustainability applictions, according to the company. The LSG-V IMMs are


IMAGE: KRAUSSMAFFEI


The FlexPay option is based on a down payment, a fixed fee plus the hours of operation


monthly payment consisting of a basic fee and an hourly rate which varies depending on production hours. There is also an option for the machine to be taken back by KraussMaffei at the end of the contract period. Using FlexPay means users can limit costs


incurred from, for example, cancelled orders, says the company. The financing option also means the moulder always has access to the latest hardware and digital products meaning less energy consumption and a smaller CO2 footprint. �www.kraussmaffei.com


Alco Plastics rebrands as Wilko


US injection moulder Alco Plastics has changed its name and corporate branding to Wilko Plastics. The company says it is gearing up for a period of strategic growth, and chose


the name to better position itself for expansion and new business lines as well as to reflect a change of owner- ship. The company has an


extensive product line of


injection moulded products and customises multi-mate- rial products for interior automotive components, used by Tier One and OEM automotive customers. � https://wilkoplastics.com


fitted with a four-post tie-bar structure for durability and stability while a slide-type guide bar design minimises transfer resistance, making them appropriate for precision moulding. Servo motors and drivers minimise product defects and users can simultane- ously perform product take-out and insertion processes during injection, says the company. LS Mtron says it expects


interest in the machines for EV battery applica- tions, as Korean EV battery manufacturers, including its founding company, LG, are increasing production and research in the e-mobility sector. � https://lsinjection.com


Nelson Miller acquires Injection Works


In the US, Nelson Miller Group (NMG) has acquired Injection Works, which produces components and assemblies for the medical, industrial, and electri- cal end-markets. The addition of its 14,000 m² facility


in New Jersey, US, enables 24-hour thermoplastic manufacturing by NMG, leveraging equipment for injection


8 INJECTION WORLD | October 2023


moulding and value-added secondary services, such as in-mould decorating, overmoulding, hot stamping, and pad printing. The company also provides in-house 3D prototype printing, customer tooling management, assembly, and packaging. “We’re thrilled to welcome Injection Works to our organisation,” said Jim


Kaldem, President and CEO of NMG. “We look forward to growing our presence in New Jersey and investing in new training and technologies that strengthen our position as a premier partner to companies looking to produce high-quality, cost-effective plastic parts.” � https://nelson-miller.com


www.injectionworld.com


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