Growing stronger together using synergies

Related Vendors

HASCO Hasenclever GmbH + Co KG

CUMSA

DIPROFIL Diamantprodukter AB

Milacron LLC

Mold Masters Europa GmbH

Pulling synergies together

ETMM: So there are no current plans for a legal merger?

Goeke: No. We will maintain the product brand names because they have recognition in the market. We are currently working very hard to pull the synergies in manufacturing, distribution, sourcing and service together to serve our customers the best possible way. Our focus is on ensuring our customer base knows that they can get all these product brands by dealing with Milacron.

ETMM: Are any other acquisitions planned?

Goeke: Not at the moment. But you can never say no, it really depends on what is available in the market, what fits into the company.

ETMM: You have also been investing in growing markets, such as India. Is that one of the strong regions for your business?

Goeke: Yes. We will invest $30m over the next three years in India. India is going to be the second-largest polymer processing market – after China – by 2020. Therefore, we are investing to meet the future demand that emanates from this growing market.

ETMM: Apart from India, in which markets do you expect growth to come from for your business in 2015 and why?

Goeke: Currently, our markets are 50% North America, 25% Europe, 25% Asia, and the most rapidly growing areas are the Americas and Asia, where the drivers for growth are China and India. India is very strong in exports to Africa.

ETMM: When you say Americas, does that include South America, too?

Goeke: Brazil and much of South America is flat. Strong growth is coming from North America, and Mexico. That is across all industries including medical, packaging, automotive and houseware. In North America, there is currently a trend towards updating existing facilities and reshoring.

Hagelstein: In Europe, Germany is still growing double-digits in our area; it is a very healthy market. We see also some growth coming from Italy and Spain, while France is still suffering. In Eastern Europe, Poland and the Czech Republic are strong, even Russia, as there are big PET companies over there that are not affected by the current developments. They are looking for solutions and quality machines as the knowledge is not there yet.

Guille: I agree. In our business – mould components – there is a big impact of the exchange rate fluctuation at the moment in Russia, so people tend to buy more locally from local suppliers – our customers – than before.

(ID:43201682)