Despite a difficult trading environment, Sumitomo (SHI) Demag Group, a specialist in all-electric injection moulding solutions, generated a sales turnover of €762m last year, aided by “substantial growth” in countries such as theCzech Republic, Hungary and Italy. This figure was only 6% lower than the historic accomplishments reported in 2021, when the group achieved its highest turnover to-date. CEO Gerd Liebig cites the dramatic impact of material availability and costs as the rationale for the sideways development, reporting that this inevitably had a negative effect on the company’s overall sales and profitability.
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