Tekmart buys injection molding assets of Foxconn's Hungary plant


Tekmart International Inc. (Toronto, ON, Canada) announced the recent purchase of the injection molding assets of a Foxconn facility located in Hungary. According to Nigel Thomas, Director, Business Development for Tekmart, Foxconn, a global vertically integrated contract manufacturer, is divesting the injection molding operations that, at one point, had 133 presses to focus on other areas of contract manufacturing.

Tekmart is a diversified company using a two-pronged approach to its business strategy: Capital Asset Trading—buying and selling high-technology capital assets from the manufacturing floors of some of the most recognized global OEMs in industry—and Contract Manufacturing through its subsidiary Tekmart Integrated Manufacturing Services (TIMS), which operates manufacturing facilities in Brazil and Mexico.

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