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Escatec, SPI to merge manufacturing ops in China

Posted: 22 Feb 2012 ?? ?Print Version ?Bookmark and Share

Keywords:injection molding? precision stamping? die making? manufacturing?

Swiss Precision Industries Pte Ltd (SPI) has struck a deal with Escatec Sdn. Bhd. that will see the joining of SPI's precision stamping and die making facility with Escatec's injection molding and mold making fab, both located in Shanghai, China. The joint ventureSwiss Precision Component Manufacturing (Shanghai) Co. Ltd (SPCM)in which SPI is the lead partner and majority shareholder, will merge both firms' staff, equipment and expertise to improve operational efficiencies, the companies stated.

For customers of both organizations, there will be no immediate change to their interactions with SPI or Escatec in Shanghai, until the legal and physical merger is completed in the coming months.

Escatec: Taking large strides
The electronics design and manufacturing company has been making a lot of noise lately. Just recently, it has fleshed out $2.5 million to refurbish its factory in Johor Bahru, Malaysia. That's after expanding its R&D operations last year. Escatec is obviously on track to establish a big name for itself.

The combination of precision stamped parts with injection molding expertise forms an ideal platform for insert molding applications generally used in automotive and other demanding industries. Combining the tool-making facilities of both operations will also add capacity and expertise for precision progressive die and mold making, the companies believed.

"This is a tremendous opportunity for everyone. SPI brings its specialization in high precision, stamped and formed metal components, while Escatec brings its advanced plastic molding skills," said Hannes Lamprecht, chair of the SPI.

"SPI shares our philosophy of providing Swiss precision, reliability and quality at cost effective prices, so this joint venture is an ideal union of like-minded companies that value customers and staff. A classic case of the whole being greater than the sum of the individual parts," noted Christophe Albin, Escatec chair.





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