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SIMPAC Announces $16M Order for Large, Fully Automated Press Systems



SIMPAC America, the North American subsidiary of South Korean press manufacturer SIMPAC Inc., and Martinrea International Inc., a diversified global automotive supplier, have announced a purchase order that will result in one of the largest press systems to be used by a Tier 1 supplier within the U.S.

The purchase order includes two fully automated press systems, one 1,600 and one 3,000 metric ton press. The 3,000T has a 300" bed size, making it a one-of-a-kind for U.S. manufacturing standards. Both press systems will be used for the production of Martinrea's value-added lightweight structures and propulsion systems at its plant in Hopkinsville, KY.

"SIMPAC is very grateful to our friends at Martinrea International, and we are proud to be selected as the Tier 1's press manufacturer of choice for this grand project," said YH Kim, President of North American Operations at SIMPAC America. "Our relationship with Martinrea has always been a priority along with providing operational excellence to the automotive market. This order allows us to continue catering to both priorities."

The new presses will be manufactured in-house at SIMPAC's South Korean headquarters from start to finish, allowing SIMPAC to provide faster delivery times and cost-effective solutions. Both press systems are estimated for delivery in Q2 2022.

Stephan Robertson, General Manager/VP of Sales & Operations at SIMPAC America, said, "The difference between SIMPAC and other competitive press manufacturers is that a P.O. is not the end of the road for us. It is the beginning of a long journey with that customer. That is what a true partnership is all about. Getting the order, yes, but fulfilling your brand's promise and always making yourself available to the customer with quick and reliable service and support."

For more information contact:

SIMPAC America Co. Ltd.

850 Stephenson Hwy, Ste. 305

Troy, MI 48083

248-607-3998

www.simpac-america.com

Martinrea International Inc.

416-749-0314

www.martinrea.com

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