Tekmart International Inc. has purchased the excess injection molding assets of a Foxconn facility located in Komaron, Hungary, and plans to auction the equipment.
Foxconn is in the process of rationalizing the assets, according to Nigel Thomas, director of business development at Toronto-based Tekmart. Tekmart may keep some of the equipment for its contract manufacturing arm, and auction off other equipment.
“We gave first dibs to our [Tekmart] manufacturing plants, but it has to be at market price,” said Thomas.
The sale of the remaining assets will commence in the coming weeks. He said that he has already received enquiries from several interested parties.
Tekmart buys and sells high-technology capital assets from many global original equipment manufacturers. It also has a contract manufacturing arm run by its subsidiary Tekmart Integrated Manufacturing Services. The company has facilities in Mexico and Brazil.
The Foxconn assets include 15 Milacron Roboshot machines ranging from 100 to 150 tons of clamping force, a KraussMaffei 110 hydraulic machine, a 6.32 ton Alba Babyplast press and a Battenfeld 100 ton machine. It also includes Fanuc and Wittmann robots, material dryers, ultrasonic welding machines and other equipment. Most of the machinery ranges from 2003 to 2005.
Thomas said the injection molding market is strong in North America and that Tekmart's Asset Management division has been actively engaged in the market.
Tekmart acquired 650,000 square feet of space in Ciudad Juarez, Mexico, in November 2013 and has dedicated 100,000 square feet of space for equipment service and trading of injection molding equipment.
The company's contract manufacturing arm has a strong focus on automotive work, but also works in other industries.