HPM Nameplate Revived
Yizumi Precision Machinery Co. of Hong Kong paid $325,000 in late March to win the rights to HPM’s name, designs, and customer lists during a two-day auction at the Mt.
Yizumi Precision Machinery Co. of Hong Kong paid $325,000 in late March to win the rights to HPM’s name, designs, and customer lists during a two-day auction at the Mt. Gilead, Ohio, site of HPM’s former manufacturing plant. After a series of ownership changes, HPM was shut down in late 2009. Yizumi said it plans to use the HPM name to enter the U.S. market for injection molding and die-casting presses, exporting from China to North and South America.
It is unclear what plans, if any, Yizumi has for HPM’s former extrusion business, as Yizumi does not serve the extrusion market in China. Throughout most of its history, HPM was recognized as an innovator in screw technology, and focused on complete systems for sheet. Yizumi outbid sheet-equipment supplier Processing Technologies Inc. (PTi), Aurora, Ill., during the auction.
+86 (757) 29265150 • yizumi-group.com.hk
Related Content
-
How to Effectively Reduce Costs with Smart Auxiliaries Technology
As drying, blending and conveying technologies grow more sophisticated, they offer processors great opportunities to reduce cost through better energy efficiency, smaller equipment footprints, reduced scrap and quicker changeovers. Increased throughput and better utilization of primary processing equipment and manpower are the results.
-
PTi Makes Changes in Leadership Structure
Moves aimed at bolstering the future of the sheet extrusion manufacturer.
-
Extrusion Excellence: This Year's Top Stories
Revisit the year’s most popular articles on extrusion technology and processes, showcasing innovations, best practices, and the trends that captured the plastics processing community’s attention.
