This state-of-the-art technology, which uses metal powders and binders to create complex geometries, has become a popular choice for manufacturers, as it allows for precise control over product properties and cost-effectively produces parts that might otherwise be impossible to make. The process typically involves mixing metal powder and binder, heating the mixture to a point where the binder melts, and then injecting the molten mixture into a mold.
ISDN (Zhejiang) Precision Technology Co. Ltd. is a joint venture between ISDN Investment Holding Co. Ltd., a well-established technology investment holding company in Singapore, and Zhejiang Fuxing Group Co. Ltd, a leading Chinese precision manufacturing company. The joint venture, which has been in the works for some time, is a strategic move aimed at tapping into China's massive demand for advanced manufacturing techniques and technological innovation.
During the opening ceremony, Mr. Kah Wai Lim, Chief Executive Officer of ISDN Investment Holding, stated that the company's entry into China was a testament to the confidence in the future growth of China's manufacturing industry.
"ISDN (Zhejiang) Precision Technology Co. Ltd. was created to provide the cutting-edge manufacturing solutions that our customers expect, and we believe that China's highly skilled workforce, world-class infrastructure, and strong technology market make it an ideal location for our operations," he said.
The company has invested significantly in the acquisition of a 60,000 square foot plant in Huzhou City, equipping it with state-of-the-art MIM technology, CNC machining equipment, and other advanced manufacturing machines. The plant is designed to accommodate up to 100 production lines and house up to 300 employees in a multi-story office and production building.
With this facility, ISDN (Zhejiang) Precision Technology Co. Ltd. plans to manufacture high-precision products in the areas of automotive, medical, aerospace, and consumer products, serving the needs of customers in China and S.E Asia.
The "Metal Powder Injection Molding (MIM)" technology offers excellent design flexibility, a broad range of materials, component uniformity and admirable reliability, making it an ideal choice for high-tech applications. While traditional manufacturing processes are time-consuming, labor-intensive, and may present challenges in creating highly detailed, small parts, the MIM process can accommodate the production of millions of small, intricate parts at once with a high level of accuracy and consistency.
According to recent reports by industry analysts, the demand for MIM technology has grown exponentially over the last decade, propelled by its unique properties, which include high precision, high complexity, unusual shapes, and small sizes. Market analysts project that the global MIM market will register a CAGR of 7.6% between 2021 and 2026, driven by increasing demand for MIM in the aerospace and medical industries.
The establishment of ISDN (Zhejiang) Precision Technology Co. Ltd. in Huzhou City, China, has added a new dimension to the global MIM supply chain. The company aims to leverage its expertise and experience in MIM technology to become a recognized market leader in China and beyond.
In conclusion, the establishment of the ISDN (Zhejiang) Precision Technology Co. Ltd. facility in China is set to be a game-changer, as it seeks to enhance the production of high-precision products using cutting-edge MIM technology. By tapping into China's highly skilled workforce and world-class infrastructure, ISDN (Zhejiang) Precision Technology Co. Ltd. is poised to make a significant contribution to the global MIM industry.