Taipei, Taiwan-based toolmaker and molder Win Industry Co. Ltd. is hoping to acquire a tooling shop in the United States in the next two years.
``We are looking for partners right now,'' said Allen Wang, vice president of marketing, at the Plast-Ex 2007 trade show in Toronto. He said the plan is to make molds, provide technical service and final assembly of plastic parts in the U.S.
``We believe it makes more sense to acquire an existing facility than starting from the scratch,'' he said.
The 20-year-old company makes molds with hot runners as well as plastics parts at its two facilities in mainland China. One is a 269,000-square-foot plant in Shenzhen. The second one, a 43,000-square-foot facility built on a 12-acre campus in Huizhou, started production last year.
Win Industry said 20 percent of its sales are from molds, which mostly are exported to West Europe and the Americas. Wang said Canada and the United States combined represent 30 percent of its tooling exports.
The company also processes polymethyl methacrylate, ABS, polycarbonate and polyacetal materials to make housings for electronic products, cases for remote controls and telephone sets, and front panels for copy machines. It also manufactures finished plastic products such as dental appliances, Wang said.
The US$20 million company performs in-mold decoration and coinjection molding of ABS and thermoplastic elastomers. Its product portfolio also consists of rubber parts and tooling.
``Our molding business has been growing steadily, about 10 percent annually,'' he said.
Wang is based at Win Industry's sales office in Detroit.