Ube Machinery Corp. (Ube, Japan) and Cosmos Machinery Ltd. (Wuxi, China) plan to establish a 50:50 joint venture called Wuxi Ube-Cosmos Machinery Ltd. for the production of injection molding machines in China.

Ube and Cosmos have maintained a business relationship since 2002 through Ube's licensing of technology to manufacture its ST (hydraulic toggle, 1450-7000 tons clamp force) and PZIII (hydraulic toggle, 350-1000 tons) series injection molding machines at Cosmos subsidiary Wuxi Grand Tech Machinery Group.

Demand for large injection molding machines is growing in China along with the development of the country's automobile industry. Ube and Cosmos plan to better serve this demand through a joint venture that will initially operate out of Wuxi Grand's existing plant, then be moved to a new custom-built factory in Wuxi in 2008. Production will start in May 2007 with capacity of 30 machines per year.

While output of the plant will initially focus in the local Chinese market, exports to the U.S., Southeast Asia, and other countries are also foreseen. Cosmos Machinery Ltd. (CML) is a subsidiary company of Cosmos Machinery Enterprises Ltd. CML has machinery production facilities in South China and East China for thermoplastics and rubber injection molding machines, extrusion lines, blowmolding machines, and other machinery.

Source:佚名