6 Ways Capital Equipment Suppliers Can Support Metal Formers

6 Ways Capital Equipment Suppliers Can Support Metal Formers
12. June 2020

Troy, MI (June 12, 2020) – SIMPAC America Co. Ltd., North American division of South Korea’s SIMPAC Inc., and MetalForming Magazine outline the current industry-wide problem COVID-19 has created, the solutions that suppliers must provide, and the results that metal formers should expect.

“The trick is finding suppliers that possess a controlled production process, exclusive industry connections, and a strong logistics team,” explains Stephan Robertson, General Manager/VP of Sales & Operations at SIMPAC America.

To learn more about the six ways capital equipment suppliers can support metal formers and how the effectiveness of press manufacturers can be measured to increase overall profitability, read MetalForming Magazine’s full article here. For media inquiries, please contact jaime@simpac.co.kr.

SIMPAC America Co. Ltd.

SIMPAC America is the North American division of SIMPAC Inc.; SIMPAC Inc. is renowned for its two divisions, “Presses” (forming systems) and “Metals” (ferroalloy manufacturing), while SIMPAC Industries is prominent in foundry products, industrial machinery, and component production. Both SIMPAC Inc. and SIMPAC Industries are owned by South Korea's SIMPAC Group, under the umbrella of SIMPAC Holdings.

Founded in 1973, SIMPAC holds almost 50% of the market share in its home market of South Korea. Since 2004, over 10 sales and service branches were established in Asia, Europe, the United States and Mexico – marking the company's footprint as a global leader of metal forming technology. With almost 700 employees, SIMPAC Group posted sales close to $540MM USD (480MM Euros) in 2018.

SIMPAC ensures time and cost-efficient production of high-quality, sophisticated products with its extensive production capabilities and state-of-the art machine park. Competitive advantages of SIMPAC's press systems, manufactured exclusively at the company's South Korean plants, include continuous improvements derived from insights of global markets and value-added manufacturing concepts pertaining to SIMPAC Group.

SIMPAC's wide product range includes mechanical, servo, and hydraulic presses along with tandem lines and automation solutions. Customers are acquired from various branches of the metalworking industry (i.e. automotive manufacturers and tier suppliers, home appliances and household goods, furniture and electronics industries, and the military & aerospace industry).