Scottsdale, Ariz.-based Tech Group has formed a joint venture in Singapore with Omni-Mold Ltd., an established mold-making company in that country. The new firm, called Omni-Tech, will specialize in precision, custom injection molding for the electronics, medical and consumer markets in the Pacific Rim. The company will become operational during the first quarter of this year.
The 18,000-square-foot plant has eight Toshiba injection presses, with six Engel machines being brought to Singapore during the second quarter. Initially, the equipment will have clamping forces of 85-275 tons. Omni-Tech also offers insert molding and secondary assembly.
Tom Podesta, vice president of sales for one of Tech Group's custom molding divisions, Tech-Poulson Inc., said Omni-Mold wanted to enter custom molding,but needed additional technological assistance.
After talking to some of its U.S.-based customers, Omni's principals sought out Tech Group to discuss joint-venture possibilities and take advantage of Tech Group's expertise.
``Having Omni-Mold as a partner was critical to our decision to form a joint partnership,'' said Steve Uhlmann, the chief executive officer of Tech Group.
``They are a well-established mold builder with a reputation for quality and technological leadership.''
Uhlmann appointed Cindie Hubiak, currently vice president of finance and administration at Tech-Poulson, as plant manager of the new joint venture operation.
Although this is Tech Group's first venture onto foreign soil, the company plans to expand internationally.
Dave Knox, president of the custom molding divisions, said the firm recently completed trips to Turkey, Costa Rica, Spain and Ireland, and is encouraged by the opportunities that exist in those countries.
``Having a global presence is critical in our business, since 50 percent of our customers are manufacturing their products internationally,'' Knox said. ``With multiple plant sites in the United States, including our new development facility in Chicago, we feel we are well-positioned for continued growth.''
Tech Group has plants in Cayey, Puerto Rico; Columbus, Ind.; Portland, Ore.; Chicago; and multiple sites in the greater Phoenix area.
Sales in 1995 topped $100 million, according to the company.