Injection molder Nypro Inc. may be establishing a joint venture in Thailand.
The company has an agreement in principle with Singapore-based Avaplas Ltd., but details have not been finalized, Nypro officials said.
The Business Times newspaper in Singapore reported that Avaplas said it had entered a 50-50 joint venture with Nypro's Singapore subsidiary, to bolster Avaplas' Thai operations.
The newspaper gave no other details.
Nypro spokesman Al Cotton said the arrangement is not finalized.
``We are working on a program with them. There is a lot of detail work to be completed.'' An announcement is expected soon, he said.
Publicly trade Avaplas, an injection molder of components in the computer peripheral and telecommunications markets, has 53 injection presses.
Nypro, based in Clinton, has about 1,000 molding machines at 30 plants in 12 countries.
The company had sales of $730 million in its most recent fiscal year.
