Industry News CON-JUL21-EMERSON QUARTER:CON-JUL21-EMERSON QUARTER 18 Editor’s Note
Welcome to the July/August issue of Converter. There are some years when nothing much changes from one month to the next, and then there are years like this one, when in the last few weeks, we’ve seen our Prime Minister resign, the Lionesses beat Germany, Eurovision coming to Britain, albeit on Ukraine’s behalf; we’ve seen fuel, food and energy prices soaring - even a MacDonald’s cheeseburger has gone up, putting an end to that spontaneous guilty pleasure when you find that odd pound coin down the back of a car seat.
Prior to 2020 most change was on a far more incremental basis; these days it’s on an almost daily basis. It’s how we respond to these changes that makes the difference between sinking and swimming. In this issue we look at the ever-evolving areas of Adhesive Applications, Coating & Laminating, Drying, Curing & UV, Labelling Solutions and Static Control & Web Cleaning.
I hope you find it informative and interesting.
Lynn Sencicle Editor
lsencicle@datateam.co.uk
2021 sees highest turnover in Sumitomo (SHI) Demag’s history
At the K-Preview press conference, Gerd Liebig, chief executive of Sumitomo (SHI) Demag, hailed the 2021 financial year as the Group’s most successful to-date. Group sales reached a new all-time high of €808m, increasing by 17.4% compared to the previous year (2020: €688m). “This strong sales growth can be wholly attributed to our all-electric machines, where market share continues to rise,” he asserted. The company is now officially the global market leader in all-electric injection moulding machines.
Focusing specifically on the results for Germany and Sumitomo (SHI) Demag Plastics Machinery GmbH, Schwaig, which comprises production sites in Germany and China, Liebig also reported unprecedented turnover figures. For the first time surpassing the 300 million mark and exceeding the pre-corona level with 302.3 million euros.
Profitability in 2021 was in the double-digit range and only slightly below the previous 2018 record. “This stable profit is all the more remarkable given the extreme economic adversities caused by material price increases,” Mr Liebig summed up. He remains optimistic that the 2022 results will be just as good, despite a challenging first quarter. Further milestones accomplished included a drastic 20% reduction in quality costs and a significant increase in customer satisfaction, reaching the second highest level in the last five years, he exclaims.
The effects on each market will vary hugely. While packaging, electronic and medical will remain stable in 2022, the expectations in automotive are more modest due to longer delivery times. Consumer is also uncertain due to the erosion of spending power.
Xwww.sumitomo-shi-demag.eu
Coating, Drying and Laminating - the basic functions of the «LTE-S»
Small LABCOATER for sample size A3
Versatile usage for • knife over roll • air knife
• rubber blanket • lamination
Various options e.g. surface temperature measurement
We will show you how to achieve the optimal performance from the «LTE-S»
LABCOATER
www.convertermag.com
July/August 2022
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