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News Release from: ATS Automation Tooling Systems
Edited by the Manufacturingtalk Editorial
Team on 20 October 2006
Precision plastic injection moulding
capabilities
ATS Automation Tooling Systems has announced it will consolidate its Bowmanville, Ontario precision plastic injection moulding capabilities into existing Precision Components (PCG) facilities.
ATS Automation Tooling Systems has announced it will consolidate its Bowmanville, Ontario precision plastic injection moulding capabilities into existing Precision Components (PCG) facilities in Shanghai, China and Cambridge, Ontario ATS's Micro Precision Plastics (MPP) division specializes in micro precision plastic injection moulding and currently employs 88 people at its 34,000 sq ft leased facilities in Bowmanville, Ontario
This article was originally published on Manufacturingtalk on 17 Mar 2004 at 8.00am (UK)
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MPP's revenues were approximately $12 million in fiscal 2006.
This phased-in consolidation of the MPP operation is expected to be complete by the first quarter of fiscal 2008.
Management expects one-time costs associated with consolidating this business, including employee, relocation and other expenses, will reduce the Company's operating income by approximately $1.8 million.
"The transfer of this business is another important step in streamlining and strengthening PCG operations and focusing our capabilities where they can add the most value for our customers and shareholders," said Bruce Seeley, Vice President, Precision Components Group.
"In North America, this consolidation reduces our cost base while intensifying our injection moulding capabilities for customers who require a one stop, fully-integrated solution.
For our China operations, it adds additional critical mass and a more extensive range of capabilities to attract new multinational customers in this rapidly expanding market for manufacturing.".
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