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Metal Forming Strategies for Overcoming Economic Crises

Metal Forming Strategies for Overcoming Economic Crises
19. May 2020

Troy, MI (May 19, 2020) – SIMPAC America Co. Ltd., North American division of South Korea’s SIMPAC Inc., participates in an exclusive interview with MetalForming Magazine to discuss how metal forming companies can invest in new, yet sustainable, technology investments and receive support from capital equipment suppliers during economic downturns.

“Crises such as COVID-19 are not easily foreseen,” Stephan Robertson, General Manager/VP of Sales & Operations at SIMPAC America, explains. “In uncertain times such as these, it is imperative to understand how your company can remain competitive while maintaining or even lowering costs.”

View MetalForming Magazine’s full article, “Metal Forming Strategies for Overcoming Economic Crises,” via the hyperlink 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).