Husky Injection Molding Systems is set to start operating a new facility in China to meet growing demand n Suzhou New District by 2014, at an estimated $50m.
The site, to be built on 53,000 square meters of land, is expected to be fully operational in 2014 and would cater to the beverage packaging and hot runner systems, with a significant opportunity for further expansion.
According to the firm, the proposed site serves as a central hub for major activities that contribute to the growth of the industry spanning various functions including finance and human resources.
Husky president and CEO John Galt claimed the firm enjoyed longstanding relationships, fueled by strong plastics demand in the region.
"Our investment in Suzhou is a step toward ensuring we are able to meet the growing expectations of customers in this region. Our goal is to be increasingly nimble and agile to provide the best, most responsive service and support – not only to China, but to markets globally." added Galt.
The Suzhou facility is intended to complement Husky’s existing facilities most notably the Shanghai Technical Center that has doubled its footprint since its location in 2004.