The Indian parts manufacturing company AmtekAuto revealed that the company will acquire three parts manufacturing companies through its Singapore subsidiary.

The three companies include two German companies and one Southeast company, but AmtekAuto has not disclosed the financial details related to the acquisition.

AmtekAuto said in a document submitted to the Bombay Stock Exchange (BSE) that "the companies to be acquired will have six factories in Europe and Southeast Asia, with a total operating income of more than 20 billion rupees (about 324 million U.S. dollars)." This will further consolidate AmtekAuto's position in the global market.

Amtek Group's current annual income reaches 2.7 billion U.S. dollars, and it has 65 factories. The parts it produces are passenger cars, commercial vehicles and tricycles.

Compression Molding

Compression molding is a manufacturing process that uses a cavity half and a core half of a mold to form material into a specific shape created by the two mold halves. Compression molds vary depending on the material being compressed and the dictates of the type of mold required.

Typically, a compression mold is mounted in a vertical press (unlike the horizontal presses that are prevalent in the Injection Molding process). Compression molding often requires that the [charge" of material be loaded into the mold, either manually or automatically, prior to the mold halves closing.

• The loss of raw materials is small and will not cause too much loss (usually 2% to 5% of the product quality).
• The shrinkage of the product is small and the repeatability is good.
• A mold with a large number of cavities can be placed on a given template, and the productivity is high.
• It can be adapted to automatic feeding and automatic removal of products.
• High production efficiency, easy to realize specialized and automated production.
• The product has high dimensional accuracy and good repeatability.
• The surface is smooth and clean without secondary modification.
• Products with complex structures can be formed at one time.
• Mass production, relatively low price.

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