Arburg announced that in January 2021 it has entered into a trade partnership with LSVN Co. Ltd. to expand its injection moulding business in Vietnam. Headquartered in Ho Chi Minh City, LSVN has more than 20 years of experience in the field of injection moulding, during which time it has successfully established itself as a distribution partner and service provider for the injection moulding industry.
"We are seeing increasing demand from the Vietnamese market and want to work together with an excellent local partner to strengthen our injection moulding business in this location, including pre-sales and after-sales service," said David Chan, Managing Director of Arburg ASEAN. "We have found the perfect partner in LSVN and are sure that working together will be of mutual benefit to our businesses. We are looking forward to a fruitful cooperation."
"The injection moulding industry is becoming increasingly attractive for overseas investors," said Tu Le Van, Director of LSVN. "Arburg is renowned for high-quality and efficient production machine technology, and demand for that is high here. We are determined to be the best service agency for injection moulding in Vietnam."
According to Arburg, the injection moulding market in Vietnam is currently experiencing growth in the packaging, electronics and construction industries in particular. The company’s Allrounders in the Golden Electric and Golden Edition series with clamping forces from 1,000 to 2,000 kN are in particularly high demand, as are the hybrid high-performance machines in the Hidrive series with clamping forces up to 3,200 kN.
Arburg said it has already been active in the ASEAN region for more than 30 years and is continually investing in the Asian market. Having opened its own subsidiary in Singapore back in 1988, others followed in Malaysia (1992), in Thailand (2001) and in Indonesia (2006).