Press release submitted on behalf of LS Mtron.
LS Mtron has appointed Plastec USA Inc. as the exclusive distributor of its injection molding machines in Mexico, strengthening its distribution network and expanding its ability to support customers throughout the country.
Under the agreement, announced during this week’s Plastimagen, Plastec will represent LS Mtron’s complete line of injection molding machines, combining its established presence and industry expertise in Mexico with LS Mtron’s advanced molding technology and technical service capabilities.
The partnership will also expand access to technical resources and application support through a shared Tech Center in Monterrey. In addition, LS Mtron will place injection molding machines in Plastec’s Tech Center in Celaya, located in Mexico’s Bajío region, an important hub for automotive manufacturing.
“We’re excited to partner with Plastec and leverage the trust and strong customer relationships they’ve built throughout Mexico as we continue to grow our business in the region,” said Paul Caprio, president of LS Mtron Injection Molding Machine US. “This agreement allows us to combine LS Mtron’s advanced injection molding technology with Plastec’s established local presence and customer support capabilities.”
LS Mtron’s commitment to the Mexican market dates back three years, when its Injection Molding Machine division established LS IMM Mexico, a business unit based in Monterrey. The company’s Monterrey Tech Center houses four LS Mtron presses ranging in clamping force from 170 to 450 tons. The facility supports customer training, machine trials, and technical applications, while also maintaining an inventory of spare parts.
More than 1,000 LS Mtron injection molding machines are currently operating in Mexico, where the company also serves several major manufacturers with facilities in both Mexico and the United States.
Based in Miami, Plastec has had an even longer presence in Mexico. Hector Sosa, the founder of Plastec, began selling injection molding machines in the country 51 years ago, and established the company about nine years later.
“Our agreement with LS Mtron broadens the portfolio of products we’re able to offer manufacturers,” said Ernesto Sosa, Hector’s son, who is the VP and GM of Plastec. “LS Mtron offers machines designed to meet the demands of a broad range of molding applications, giving our customers more options and flexibility to address their specific manufacturing challenges. We look forward to building a successful partnership and supporting the continued growth of our customers.”
Plastics industry veteran Kevin Kim, who has led LS IMM Mexico, will work closely with Plastec to support customers and coordinate the companies’ efforts throughout Mexico.
The agreement represents another important step in LS Mtron’s commitment to the North American market, combining an established installed base, local technical resources, and an expanded distribution network to deliver injection molding solutions and responsive customer support.
About LS Mtron Injection Molding Machine Division
LS Mtron is part of the LS Group, a South Korean-based conglomerate with over 25,000 employees, annual revenues of over $45 billion and profit of approximately $2 billion. LS Mtron Injection Molding Machine (LS IMM), a division of LS Mtron, was started in 1969 by South Korean tech giant LG Corporation, one of the world’s largest plastic molders. Founded initially to satisfy their own production needs for injection molded components used in their world-famous TVs, appliances, electronics, and other products, today LS IMM produces thousands of machines a year, not only for use by our network of LS-related and LG-founded companies but also for thousands of molders around the world.
Since 2021, the LS Group has invested $722 million in a number of its businesses in the U.S., demonstrating unwavering commitment to long-term growth and innovation.
Beginning with the development of Korea’s first injection molding machines, LS IMM prides itself on quality, service and fast deliveries. The combined strength of the LS family of companies allows us to solve many of the world’s supply-chain challenges.
Because of this, LS IMM can provide new custom molding machines to our customers in North America in just 100 days from casting to cargo, or even faster from our stocked inventory.
About Plastec
Plastec USA was founded in 1985 with the purpose of selling capital equipment including injection molding, extrusion, and blow molding machinery, and auxiliary equipment, to the plastics industry in Latin America.