Taiwan-based Foxconn Technology Group which primarily manufactures products like smartphones, tablets and gadgets will be expanding its business to sell injecting moldings machine.
The company announced its decision at the Taipei Plas show.
Speaking about their injecting moldings machine to Plastic News, a Foxconn company executive said: "Because our technology is made by ourselves, all the injection molding technology is made by ourselves, including the software, we can integrate all the peripheral equipment and match the customers' needs. And we can adapt immediately."
Foxconn believes it's the only Taiwanese company that is able to supply its own controllers, servo drives and servo motors, despite needing some parts like IGDB drives from German and Japanese suppliers.
Foxnum technology, Foxconn's subsidiary, said that the molding machinery business is a minor part of its overall business. Till now, between 100 and 200 all-electric machines have been sold internally to Foxconn since 2009.
The company is targeting at an annual sale of $6m from next year. Foxconn has close to 10,000 injection molding machines in its factories and started making the all-electrics in 2009 to respond faster to customers when new orders came in.
A forxnum manager was quoted by Plastics News as saying: "Usually those end customers like Nokia, Apple, whatever, they would need a very quick delivery time. If your delivery time is controlled by other injection molding machine suppliers, and you have to wait 2 to 3 months, it's impossible for you to supply all your components to Apple or Nokia, so you would lose the order.
"The reason we made our own injection molding machine is we want to seize the time and offer the best delivery time for our customers," the manager added.
