We are pleased to announce the merger of GC mold and GC Die Casting effective July 1, 2009. The new entity consists of two manufacturing facilities totaling 380,000 square feet with annual sales of $50mm and assets of $40mm. The plastic mold company divisions are located in ChangPing Town DongGuan, China; the die casting manufacturer division is in HengLi Town, DongGuan City, China, both plastic mold and die casting factory are very close.
The companies will remain doing business under their current names but will take advantage of synergistic strengths, leverage customer opportunities and present a common set of values and business philosophy.
The merger of our technology and material platforms is unique and we anticipate a positive response from the marketplace. As the wave of consolidations continues in both material segments, customers seek vendors that can provide distinct value propositions and solid financial strength. Together our companies represent strong historical performance and expectation of continued operational success.
Many of our customers purchase both aluminium die casting and plastic mold. The combined company creates a strategic platform for single source procurement with potential to capitalize on reduced overall cost of vendor management. Operating under a single management structure, will bring about a more intense focus on customer requirements, delivered value, and greater understanding of applications and market dynamics.
Both GD MOLD and GC DIE CASTING share distinctive competencies in tool design, development and management. Each group offers significant engineering assets and resources. With combined expertise in die materials, mold flow analysis and global portfolio of tooling options, we will deliver real advantage to our customers’ overall competitiveness. The core strength of our group’s technical expertise provides a compelling rationale for the merger and an enhanced confidence for customers to place their tools with our company.