Based in Ontario, Canada, Silcotech North America which specializes in liquid injection molding announced plans to spend $600,000 on the expansion of its joint venture with India-based Bonny Products Private Limited.
“We would like to triple production for products catering to the expanding segments of automobile and medical and extend our reach in other sectors,” said Silcotech North America Vice President Isolde Boettger. She added that the company is adding capacity for new end markets in India, including packaging and electronics, as well as expand into nearby countries.
Plastic News reports that the Indian joint venture, located in Noida near New Delhi, began with a small investment of about $250,000 and one Arburg injection molding machine in 2009. It registered double digit growth in the last two years providing specialized process methods like cold runner process molding, two and multi shot molding, silicone over silicone or thermoplastics, and insert molding.
Silcotech has also developed the capability to mold nine different materials in a single mold, with applications in the manufacture of mobile phone cases. It plans to introduce this technology in the Indian venture.
