Husky achieves record year for PET orders
For release 2007-10-24
DÜSSELDORF, Germany – Husky Injection Molding Systems Ltd. today announced that orders of preform molds and systems increased more than 13% in fiscal 2007 and were the highest in company history. This represents the second consecutive year in which Husky has achieved a record breaking number of orders for this market.
“This last fiscal year was a positive one for Husky, particularly in our beverage packaging business,” said Jeffrey MacDonald, Husky’s Vice President of Beverage Packaging. “All segments of the market performed strongly—bottled water, aseptic juices, hot-filled teas and sports drinks all grew at double-digit rates and all of our geographic markets grew beyond expectations.”
Husky attributes the strong order levels to a robust market and improvements to HyPET performance. The improvements included in-mold and post-mold cooling improvements, system dry-cycle reductions and hot runner refinements that have allowed a reduction in cycle times of more than 25% compared to 2003, the year HyPET was launched.
Husky expects further growth in the global beverage packaging market as new applications are being converted to plastic and as more consumers in developing economies purchase packaged beverages. The anticipated surge in thread and body lightweighting activity will also drive growth.
“PET still accounts for only one-third of all beverage packaging, so there is room for more growth,” said MacDonald. “We’re working together with our customers and partners to take advantage of this opportunity by making PET the preferred choice for beverage packaging. We are achieving this by providing lightweighting solutions, barrier technologies and by improving the economics of PET manufacturing.”
About Husky — Husky Injection Molding Systems (www.husky.ca) is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China.
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Husky Injection Molding Systems