Intec Group is expanding its recently acquired injection molding operation in Tianjin, China.
The Palatine, Ill., company is ordering five Meiki injection presses and a Demag machine and expects to have them all running by October. It currently has 10 presses in Tianjin with clamping forces of 35-300 tons and will take delivery of two of the new machines the week of July 23, Intec President Steve Perlman said in a telephone interview.
Intec bought the Tianjin operation from Groupe Schneider on June 1, when the French hardware company decided to exit captive injection molding. Groupe Schneider was using the equipment to make heavy-duty circuit breakers. Perlman declined to reveal the cost of the purchase, which included two metal-stamping presses, six coil winding machines, and welding and test equipment.
The China operation, named Intec Tianjin Co. Ltd., will capitalize on high growth in the Far East nation. It complements Intec's facility in Singapore, sales of which grew 33 percent last year. This year, its fifth, the Singapore plant's sales should increase another 30 percent, Intec predicted. Intec's other plants are in Palatine and in Morocco, Ind. The company also is part of a joint venture with operations in France and the Czech Republic.
Intec specializes in insert molding for automotive and electronics industries. It has annual sales of about $50 million. Perlman and other members of his family control the private firm and are the third generation of Perlmans to run it since its founding in 1953.