Molex opens expanded tooling operation in China

Rebecca Kanthor
PLASTICS NEWS CORRESPONDENT

Published: January 27, 2014 2:57 pm ET
Updated: January 27, 2014 3:01 pm ET

Related to this story

Topics China, Electrical/electronics, Electronics, Injection molds, Molds/Tooling

Molex Inc., a major producer of plastic components for the electronics market, has expanded its global tooling capabilities with the opening of a 200,000-square-foot facility at its Chengdu hi-tech development zone facility in China on Jan. 16.

The Lisle, Ill.-based company said the automated plant has capabilities to make precision molds and dies. The tooling center will serve Molex plants around the world as well as the company's Chengdu facility. Construction began in late last year, Molex told Plastics News.

Molex's Chengdu facility is its largest global operation, with 1 million square feet. Molex opened operations in Chengdu in 2005.

To date, Molex has invested more than $160 million in its Chengdu operations. Each year, Molex Chengdu produces more than 1 billion parts for applications in automotive, commercial, information technology, mobile and telecommunications industries. Its big clients produce consumer products, such as Samsung, Apple and domestic giant Huawei.

Martin Slark, Molex CEO said in a news release: "We are continuing our investment in Chengdu, which is an emerging economic hub in China." He added, "This high-tech facility expands our ability to serve our global customers with the highly-engineered tools that are critical for manufacturing the innovative interconnect solutions our customers require."

Joe Nelligan, senior vice president of the company's commercial products division, said in the release that the Chengdu tooling center will give the company a competitive advantage.

"The sophisticated capabilities that this advanced tooling center offers gives Molex a versatile, global resource that will help us bring new products to market faster and quickly respond to customer needs," Nelligan said. "It will nearly triple our tooling capacity here and create new highly-skilled jobs."

Michael Ma, of Molex's Shanghai office said, "That is some good news to the local labor market as we will hire more people with higher skills. Molex attaches great importance to employee training so we will definitely do it in two ways — we will hire higher skilled people in the market but also enhance our training to our technical staff."

Molex, which was acquired by industrial industries conglomerate Koch Industries Inc. for $7.2 billion in December, posted sales of just over $3.6 billion in its fiscal 2013, which ended June 30. That total was just about 4 percent from the previous year. The company's fiscal 2013 profit of just under $244 million was down almost 14 percent in the same comparison.

Molex operates 45 manufacturing sites in 17 countries and employs more than 35,000 worldwide. Including the Chengdu facility, the company has seven production facilities in Greater China: five in mainland China and two in Taiwan. More than 70 percent of the firm's sales are generated from products sold outside of the United States.


Comments

Molex opens expanded tooling operation in China

Rebecca Kanthor
PLASTICS NEWS CORRESPONDENT

Published: January 27, 2014 2:57 pm ET
Updated: January 27, 2014 3:01 pm ET

Post Your Comments


Back to story


More stories

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Deimling/Jeliho expanding molding, mold making operations

November 19, 2014 3:18 pm ET

Deimling/Jeliho Plastics Inc., a custom thermoplastics injection molder and contract manufacturer located in Amelia, Ohio, is expanding its molding...    More

Image

Cy Plastics invests in machinery, space

November 19, 2014 2:17 pm ET

Seeking a more efficient configuration, custom molder Cy Plastics Inc. invested over $500,000 in the past year, adding more machinery including a 350-...    More

Image

Illinois mold maker adds machinery, renovates to improve work flow

November 18, 2014 1:23 pm ET

Injection mold maker Industrial Molds Inc. is adding $1.7 million in new machinery, the company has announced.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events