We are making big moves!
Yizumi Precision Machinery Co. Ltd. is making big moves in 2016, starting with appointing a former Engel® chief technology officer as its chief strategy officer.
In his successful career in the plastics processing equipment industry, Dr. ing. Hans Wobbe held key positions in a number of companies, including head of development at Werner & Pfleiderer GmbH and managing director-technology at Munich-based KraussMaffei Kunststofftechnik GmbH.
In 2004, he was appointed CTO at Schwertberg, Austria-based Engel Holding GmbH, responsible for development for all plants in Asia, Europe and North America since 2004, including the establishment of Engel’s Shanghai plant.
Dr. Wobbe is a member of the company advisory board of the VOSS Holding GmbH + Co. KG, Wipperfürth, Germany as well as member of the founding board of the Institute for Lightweight Structures and Hybrid Systems (ILH) at the University of Paderborn, Germany.
At the Institute of Plastics Processing (IKV) at the RWTH University Aachen, Dr. Wobbe is responsible for connecting research to industry. He is also member of the "Strategy Circle Plastics Processing" of the VDI (Association of German Engineers). Dr. Wobbe will help Yizumi formulate marketing and product strategies to achieve the company’s goal of internationalizing itself. He will lead the development of innovative products and processes, upgrade product quality, and establish technical centers in China and Germany.
Dr. Wobbe defines Yizumi’s mission as to be on par with top firms in the industry on technology, cost control, quality and [machine] stability. He believes Yizumi is capable of becoming an influential company in the world.
Module-based operations Production
In addition to bringing a strategic executive on board, Yizumi is also implementing module-based production. Yizumi® CEO Richard Yan said it will work with suppliers to improve components quality.Yizumi started trial modular production for its die-casting machines and rubber processing machines last year and will launch this new production technology in its new injection molding machine assembly line in June 2017.
Essentially, CEO Yan wants to achieve a significant market share for large injection molding machines. That is to be accomplished with state-of-the-art machine design of Yizumi’s today’s machines, with performance characteristics similar or better to European-made machines. Facing World’s economic new normal, Yan said 2016 will be a difficult year, but the company is prepared to build its future of a world-class company.
Yizumi's Western efforts
Yizumi is among a handful of Asian injection press makers that have made a significant push into Western markets, including the United States. Most significantly, Yizumi acquired Ohio-based HPM’s (Number one USA die casting machine maker) intellectual property in 2011 and has been expanding its North America presence. Now European market starts to appreciate the Yizumi quality machines. Customers with more than 30 machines installed in 3 years’ time are the proof of the significant fast growing success of Yizumi in Europe.