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SimpaTec establishes US presence with North Carolina site
19 April 2021 Ã
SimpaTac
The company s new facility is located in Charlotte, North Carolina, which strategically places the company in close proximity to relevant markets to increase its activities. âWe believe this to be the ideal location and conditions to establish new business relationships, to steadily expand them and to realize our future plans in the American, Canadian and Mexican market,â explained Cristoph Hinse, CEO of SimpaTec Inc.Â
SimpaTec has also announced its North American partnership with CONTURA MTC, a developer of mold temperature control concepts. This move makes SimpaTec a partner for all engineering services evolving around conformal cooled mold inserts for small or large components, which helps in achieving shorter cycle times, improving the quality and the surface finish and reducing costs.Â
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The global plastic injection molding machines market is estimated at USD 8.9 billion in 2020 and is projected to reach USD 10.6 billion by 2025, at a CAGR of 3.61%.
Plastic molds are widely used in the healthcare industry. Plastic injection molding machines are preferred for manufacturing medical products, as these machines offer high precision, accurate, and complex injection molded parts. These machines have application in surgical and medical devices such as syringes, vials, medical instruments, inhalers, cannulated, medicinal connectors, air systems, and prescription bottles.
The outbreak of coronavirus across the globe has highlighted the healthcare industry. Due to explosive surge in the number of Covid-19 cases, the demand for medical equipment like syringes, air systems, and other medical instruments increased exponentially. Countries such as India and China became the hub for manufacturing and meet
The Worldwide Plastic Injection Molding Machine Industry is Expected to Reach $10 6 Billion by 2025 at a CAGR of 3 61% from 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Air Separation Plant Market worth $5.9 billion by 2026 - Exclusive Report by MarketsandMarkets Air Separation Plant Market By Process (Cryogenic, Non-cryogenic), Gas (Nitrogen, Oxygen, Argon, Others), End-Use Industry (Iron & Steel, Oil & Gas, Chemical, Healthcare, Others) and Region - Global Forecast to 2026 , published by MarketsandMarkets, the global market for Air Separation Plants was valued at USD 4.5 billion in 2021 and is projected to reach USD 5.9 billion by 2026, at a CAGR of 4.9% between 2021 and 2026. The global market for air separation plants is driven by strong growth in demand, especially from the iron & steel, oil & gas, chemical, healthcare, and other end use industries.
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