TGV Ltd. (Hong Kong), specializing in injection molds and molded parts, metal stamping tools and parts, automation, and engineering and manufacturing services, announced that it has completed the expansion of its injection molding capabilities in Shenzhen, China. The facility opened in January of this year.
Two new all-electric molding machines from Sumitomo-Demag and one hydraulic system from Haitian will help with high-volume production at the Shenzhen facility, the company's third facility in that city. The machines, which range from 50 to 160 tons clamping force, are equipped with a dehumidifying dryer and will enable TGV to strengthen its core capabilities in manufacturing of precision plastic parts, said company information. The new machines not only increase the company's production capacity, but also enable faster cycle times and greater precision. This will result in lower overall production costs for the company and direct savings to customers.
TGV was established in 2007 and is led by European professionals with more than 30 years of engineering and manufacturing experience. General Manager Gerard Coron commented, "The three new injection molding machines are a great addition to the existing equipment and allow TGV to extend capacity and to support current and future customers in low- to high-volume projects."
TGV has experienced double-digit growth in the past three years predominantly in the industrial, automotive and medical markets from more than 50 customers in North America, Europe and South-East Asia.