Injection Moulding Asia Country Focus
Expansions form the basis of Thai show Thailand may be facing tough times, but it is still forging
The decline is not isolated though. “China’s car industry has grown in the last 20 years but in the last two months, it has gone down. The plastics machinery industry depends a lot on the car industry. So if the automotive sector is up then we are up, and vice-versa,” opined Bodingbauer. Automotive makers, such as Mitsubishi and Nissan, are reportedly branching out from Thailand. South Korean car maker Hyundai is already looking to the Indian market and reported a 13.5% jump in sales in August. US car maker Ford‘s investment in India has also been on the upswing. It has, thus, expanded its Chennai plant, where it is building engines and vehicles, and dished out fresh investments for the Tamil Nadu state. But not all vehicle makers have given up hope on Thailand. Toyota Motors recently opened a test drive centre near Bangkok, the 35,000 sq m Toyota Driving Experience Park, which reportedly cost close to US$3 million for the set-up alone. And even with the current state of Thailand’s car industry, Engel remains rooted in the market. “We have an office in Thailand and we have projects here. The country is undoubtedly a key automotive pillar in the region on a long-term,” said Bodingbauer. In Thailand, Engel has had its own sales office in Bangkok since 2010 and opened a subsidiary here in 2013. The privately owned company is the only European injection moulding machine manufacturer with three production plants in Asia: two in China and one in South Korea. “This guarantees short delivery times, flexible adaptation of products and turnkey solutions to meet local requirements, and fast service on-site,” added Bodingbauer. Engel achieved a global turnover of EUR1 billion in the 2014/2015 financial year.
ahead. The recently concluded T-Plas show, held from 26-29 August in Bangkok, co-located with Pack Print International, welcomed around 500 exhibitors from more than 20 countries, including national pavilions and country groups from Austria, Malaysia, Singapore, and Taiwan. T-Plas, rebranded from Tiprex that was previously held in 2013, boasted about 20% more international exhibitors, according to Gernot Ringling, Managing Director, Messe Düsseldorf Asia, the organiser. Automotive up the curve he world’s seventh largest car producer, Thailand witnessed a slowdown in its automotive industry due to the slackening economy. In May, the Federation of Thai Industries (FTI) reported that vehicle production dropped 8.75% compared to the same period a year ago. In the first five months of the year, total production shrunk by 1.1%, compared to last year. The decline presents various scenarios for the industry, including the probability of not reaching the target of producing 3 million cars/year by 2017. Other Asian countries like India, Indonesia and the Philippines are predicted to outpace Thailand in this segment, if the decline is unabated. “There is no doubt that Thailand’s car industry is going down,” observed Robert Bodingbauer, President of Austria-headquartered injection moulding machine manufacturer Engel Korea, speaking at the recently held T-Plas show in Thailand.
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Still rooting for Thailand Another company that is still rooting for Thailand is Austrian auxiliary equipment and injection moulding machine maker, Wittmann Group. It has had a presence in Thailand for more than a decade, since 2004. “Thailand is a good market for our machines and for the robots, too. We have installed quite a number of material handling systems,” Company President Werner Wittmann who was at T-Plas told PRA, further adding that the time has come for the company to “localise”. Wittmann said that the Thai office had now moved to a newer level, with the appointment of a
Engel was one of a few machine makers that displayed a machine at the show
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