New Strategic Partnership: D&S Machine Repair, Inc.

New Strategic Partnership: D&S Machine Repair, Inc.
3. July 2019

On June 27th, SIMPAC and D&S Machine Repair, Inc. signed a service, spare parts, and distributor agreement. D&S, located in Hastings, MI, is expanding and adding a 12,000 square foot building, for which SIMPAC will store its spare parts for North American customers. The opening ceremony for this new facility will occur on July 10th of this year, and the new building will be up-and-running by February 2020.

YH Kim, President of SIMPAC America Co. Ltd., states: "We are proud to announce this signing as D&S is one of the premiere machine repair and service facilities in the Midwest. Together, we will be able to expand both our businesses and provide improved service to our customer base in North America for years to come."

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).