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Sumitomo Heavy Industries of $ 6/77 million euros for the purchase Demag Plastics injection molding machine manufacturer in the corporate world has paid. As a result of this agreement, the joint venture between nations and large injection molding machine manufacturer in the world comes into existence. The market share of about 12 percent of the new car market bill of landing in the world is estimated to be injected. The contract is the largest car company in Japan injected with DPG (Group Machine Demag) that its manufacturing plants in Germany, China and India, selling about 700 million euros would be set for both. Japanese company Sumitomo in Japan, China and America are factory. Sumitomo Corporation in 2006 had sales of over 350 million euros, while sales of 250 million euros in the same period of DPG. Sumitomo Heavy Industries, which is a big subsidiary was established in 1888 and is active in the Japanese stock market. Sumitomo, DPG owned company from Madison Capital Partners, a U.S. investment firm based in Chicago, has purchased the company from the group consisting Machine Plastic former owner of the company that are removed through the Krauss Maffei Netstal and . DPG's headquarters in Chiba City, Japan's Sumitomo Schwaig German headquarters is located. Demag and Sumitomo all-electric injection molding machines, hydraulic and hybrid tonnage of the existing plant will produce along with the automation equipment. In addition, Demag continues to operate with the same brand will continue. Source: Plastics & Rubber News (quoted by SUNA)
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