Three French companies have invested $7 million in a U.S. joint venture called MNI Cubed Inc., a contract manufacturer offering custom injection molding, metal stamping and assembly. The 124,000-square-foot plant, located in Conyers, Ga., about 20 miles east of Atlanta, initially will house two injection molding presses from Canada's Husky Injection Molding Systems Inc. A third press is scheduled for installation shortly after the plant reaches full production in January, according to Denise Fondren, representative of Itochu International, a Japanese holding company that assisted the French firms.
Fondren said the plant will serve an established computer manufacturer with housings and other injection molded and stamped components. The company will have the capability to produce 80,000-100,000 computer housings annually.
Fondren, who declined to name the computer maker, said the parent firms of MNI Cubed hope the venture will become a major custom injection molding and contract manufacturing operation for a variety of industries in the United States.
The French firms involved in the joint venture include FSD Groupe of Paris, which specializes in metal stamping; Groupe Neyr, headquartered near Lyon, which specializes in injection molding, and Itochu France.
Fondren explained that the companies combined their expertise in the various areas to create companies that specialize in producing fully assembled units. For example, Groupe Neyr in Barcelona, Spain, produces assembled computer housings for Hewlett-Packard Co. in Europe.
MNI's parent companies also make components for the automotive industry, which represents about 50 percent of its business. The companies also serve all types of consumer product industries, such as hand tools and appliances.
The group has a plant in the Czech Republic and a new facility offering the same services in the United Kingdom.
The plant will open officially Sept. 30 with 60 employees starting in MNI's assembly operation. Fondren said more employees will be hired as the plant ramps up in the injection molding and metal stamping areas, to about 100 by the end of this year.