The Japanese parent company, Sumitomo Heavy Industries (SHI) Ltd., is investing a further € 20 m in maintaining and extending the technological leadership at the injection moulding machine manufacturer Sumitomo (SHI) Demag Plastics Machinery with its headquarters in Schwaig/Germany.
At its sites in Schwaig near Nuremberg and Wiehe in Thuringia, the manufacturer of injection moulding machines is gearing up for a modernisation of the production systems in its plants in Germany. The main item in the most recent investment concerns buying back the property and buildings of the sales and works site in Schwaig. In addition, investments are being made in new processing machines as well as modernisation of production facilities.
Sumitomo (SHI) Demag was owned by the investment company Madison Capital Partners, Chicago/USA from 2005 to 2007. The investor sold the buildings and property of the Schwaig-based injection moulding machine manufacturer to the real estate company, SEGRO.
SEGRO, Europe’s leading-owner manager and developer of industrial property, has owned this property since 2008. In the intervening years, the site was rented from SEGRO. With this investment, Sumitomo Heavy Industries is acknowledging the growing market share captured by Sumitomo (SHI) Demag over recent quarters. The buy-backof the production site underlines the high level of confidence placed in Germany as a production location.