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Six Ways EVs Will Create Global Change for Capital Equipment Suppliers & Metal Formers

Six Ways EVs Will Create Global Change for Capital Equipment Suppliers & Metal Formers
18. November 2020

Troy, MI (November 18, 2020) – SIMPAC America Co. Ltd., North American subsidiary of South Korea’s SIMPAC Inc., and MetalForming Magazine host Part II of the press manufacturer’s EV Webinar Series, “Six Ways EVs Will Create Global Change for Capital Equipment Suppliers & Metal Formers.”

“We are seeing new EV insights and announcements on a weekly basis, but we are still at the first variation of development – think of Apple and what it took to develop the original iPhone compared against today’s iPhone 12,” explains Stephan Robertson, General Manager/VP Sales & Operations at SIMPAC America. “When capital equipment suppliers and metal formers consider this fact, it inevitably provides the illusion that we have more time to prepare for this market expansion – but that is a serious misassumption. This webinar will provide industry professionals with the know-how to proactively make alterations to their businesses as opposed to waiting for the EV market to ‘pigeonhole’ them into changes that are infeasible.”

With the information provided from this webinar, capital equipment suppliers and metal formers will be able to address EV fact vs. fiction, stamped automotive parts that will become either removed or irrelevant, and appropriate responses to these EV advancements, global changes, and current economic circumstances of COVID-19.

View the archived webinar here to learn about these key takeaways:

  • Operations & digitization
  • Sustainability & eco-friendly processes
  • Millennials & Generation Z influencers
  • Commoditization as mass versus luxury EVs are being redefined
  • Profits as unlikely partnerships between automotive and battery OEMs formulate
  • Ramp-ups in production as both governments and shareholders rush global infrastructure changes and charging speed advancements

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).