PSG Embracing a culture of service excellence and innovation
Germany – The name PSG is practically synonymous with hot runner technology. Since the family business was founded in 1962 injection moulding technology has been its focus, its core and its competitive advantage. We spoke with PSG's Vice President Andreas Kißler.
ETMM: Andreas, could you give us a look into the history of PSG?
Andreas Kißler: The company was founded by August Fuchslocher in 1962. What started as a plastics services company manufacturing shut-off nozzles soon developed into a global manufacturer and solution provider for hot runner systems, control systems as well as cooling and temperature control systems. All of these products are developed and made in Germany, where we have three sites.
ETMM: What differentiates you from the competition?
Kißler: Our experience, customer service and the fact that we are basically a one-stop-shop for hot runner technology. We don't only supply hot runners, but also control systems, which we also sell to OEMs. All of our products are made in-house, and our modern manufacturing facilities in all plants ensure a high level of vertical integration and high quality.
ETMM: How has the company developed since the GFC in 2008/9?
Kißler: We've experienced moderate but healthy, organic growth. We have grown with the market. The European plastics industry has been slowly but steadily recovering, but competition in the industry is constantly growing and plastics markets are increasingly shifting towards Asia and specially China. That's why we set up a subsidiary with currently 10 employees in China this year.
ETMM: Do you feel the slowing economic growth in China?
Kißler: Not at all. For us the market is expanding exorbitantly. Other interesting overseas markets are India and Russia, where we see huge potential. Mexico is another interesting country. The resurgence of the North American automobile and consumer electronics markets have made Mexico attractive once again, resulting in a significant amount of near-shoring of US manufacturing from China to Mexico. Apart from automotive, we see growth from caps and closure manufacturing, companies who have set-up shop around Procter & Gamble in Mexico, the world's largest household products maker.