Outlook 2023: Cleaner, sustainable future as top industry priority

The key driver for the plastic industry will remain the question of sustainability and the various responses from all stakeholders for a cleaner sustainable future. In this area,Davis-Standard has announced the launch of its global sustainability initiative that prioritises resource conservation and supports circular economy initiatives, social responsibility and business collaboration.

“The current global uncertainties that’s leading to higher interest rates, inflationary pressures and adverse currency variations, higher input costs and supply chain disruptions are challenges facing the industry in Asia Pacific,” according to Sekaran Murugaiah, Vice President - Business Development, Asia Pacific of Davis-Standard LLC.

Mr. Sekaran Murugaiah, Vice President - Business Development, 

Asia Pacific, Davis-Standard 

Davis-Standard has been engaging its customers proactively with very frequent and up-to- date communication on supply chain and cost challenges and formulating win-win solutions for customer orders. “Ensuring our continuous success of our customers during these challenging times will be our main focus in 2023,” Mr. Murugaiah adds.

Davis-Standard's products and services are subjected to continuous improvements in keeping with market and customer requirements. Two major products that will be highlighted for 2023 are the new high-speed die profile control system that works at a fraction of the speeds on conventional die systems. “Additionally, we will be promoting the DS Activ-Check™ predictive system to help our customers know more about their machinery failure rates which allows for monitoring and responding to the health of their machineries. DS Activ-Check is an integral part of the DS industry 4.0 initiative,” Mr. Murugaiah explains. 

Davis-Standard's new DS Activ-Check platform can be installed on a continuously expanding number of company products (including both Davis-Standard and Maillefer machinery), delivering a powerful suite of analytical tools, cloud and local data storage options, process and equipment technology algorithms.

Mr. Murugaiah added: “Davis Standard will be focusing on step change improvements in customer facing business processes in addition to our annual capital program for 2023.”  

For more information about Davis-Standard, visit: www.davis-standard.com