Smart Molding International 2-2023

20 smart_molding international 2/2023 machinery LS Mtron expands production in China - LS Mtron established a second factory in China with the objective of securing a stable supply of electric injection molding machines - Playing a pivotal role as a cornerstone in LS Mtron’s lead in the injection molding business for a century Second factory in China: expanding Chinese domestic sales and entering East Asian markets LS Mtron Co., Ltd. (LS Mtron) recently celebrated the completion of its second plant and held a new product presentation event at its Wuxi subsidiary in China on June 15th. This event, attended by over 200 people including government representatives from Wuxi New District, China, as well as customers and partner companies, aimed to boost sales in the Chinese domestic market and serve as a catalyst for future expansion. LS Mtron announced that the opening of its second plant will serve as a stepping stone to expand sales channels in China and East Asia. TheWuxi subsidiary in China serves as LSMtron's primary overseas production base for injection molding machines. These locally produced injection molding products are distributed domestically in China, and worldwide through LS Mtron's global network. The completion of the second factory in LS Mtron's Wuxi subsidiary ensures a stable supply capacity for the growing electric injection molding machines. Additionally, it is anticipated that the lead time for products manufactured in the Wuxi subsidiary will significantly decrease. During the ceremony for the completion of the second plant, Park Chan-sung, Executive Director of LS Mtron's injection molding business division, expressed, "With the establishment of our second plant in Wuxi, China, we have set the foundation to lead LS Mtron's injection molding business for the next 100 years. We seek the active support of the Wuxi New District government and the attending customers." In particular, during the completion ceremony, LS Mtron showcased CSI4.0 (Connected and Smart Injection) solution functions along with new domestic and special injection molding machines, which drew significant interest from the attending customers. LSMtron stated that it aims to expand the sales of customized special injection molding machines, which are in high demand due to the rapid growth of the electric vehiclemarket. They are actively promoting this in China and plan to further advance as a leading injection system solution provider in China All pictures: LS Mtron