Guangdong Yizumi Precision Machinery Co. Ltd.'s new mold making subsidiary officially began production on Nov 18.
The majority-owned subsidiary is located adjacent to Yizumi's injection molding machinery production base in Shunde, China. The 4,000-square-meter tooling shop is expected to reach annual capacity of 300 sets of precision molds, the company said.
The molds will be used on Yizumi's high-speed injection presses for thin-wall packaging and medical applications.
During K 2016, Yizumi demonstrated in-mold-labeling production on a PAC450K press, using a 4x4 mold designed and manufactured in-house.
According to a financial filing in March, Yizumi planned to invest 9.3 million yuan in the 51/49 joint venture.