From automated robot doctors to water filters, performance drills to medical endoscopes, the engineering and manufacturing of these items involve the inception of ideas, rigorous testing and the relentless pursuit of engineering perfection. Singapore-based company Fu Yu embodies this philosophy through its cutting-edge, one-stop-shop services, which include design and tool fabrication, precision injection moulding, metal injection moulding, product assembly and secondary processes.

With a presence in Singapore, China and Malaysia, Fu Yu’s comprehensive services cater to various industries, manufacturing precision plastic components for sectors such as medical, automotive, printing, industrial and consumer goods. Its subsidiary, Fu Yu Biomedical, aims to innovate and manufacture medical diagnostics equipment, envisioning a future where simple medical tasks, like blood tests, can be conveniently conducted at home. Fu Yu also offers product design services, rapid prototyping, and full product assembly to meet the ever-evolving needs of the medical sector.

El Paso, Texas — Tide Rock Holdings (“Tide Rock”), a San Diego-based holding company, recently acquired Plastic Molding Technology (“PMT”), a full-service precision injection molding company located in El Paso, Texas.

Tide Rock’s growing plastics manufacturing and electro-mechanical contract manufacturing portfolio includes Interconnect Solutions Company (“ISC”), Plastics Design and Manufacturing (“PDM”), Pikes Peak, Altratek and PMT, and will be led by Michael Engler, Group CEO.

“PMT built a solid foundation as a solutions provider over nearly five decades. I look forward to having the ability to expand our capabilities and capacity as a Made-in-USA manufacturer,” Sholtis said. “We have a longstanding reputation as a leading technical injection molder, from our beginnings as a family-founded business in New England to our relocation in 2003 to the U.S./Mexico border region. We decided to partner with Tide Rock to be able to achieve the next level of growth.”

“The acquisition of PMT allows us to expand our footprint within the injection molding sector,” Engler said. “We now can serve customers from multiple strategic locations, each with a highly skilled workforce and 95 total molding machines ranging from 20 to 500 tons. PMT diversifies our customer base, and also provides the platform for continued growth.”

“We are focused on scaling up and upgrading our capabilities, transitioning from traditional case parts manufacturing to a niche specialisation in high-precision products,” said David Seow, group CEO and board member of Fu Yu. “Our exceptional capabilities in precision tooling and precision moulding and unique ability to engage with our customers at the early product development stage are what truly set us apart.”

“Our strategic and ambitious expansion plans in the medical field start in Singapore, with future plans to extend our reach into the greater Asean region. We have plants located in Singapore, Malaysia and China, and are actively exploring opportunities in emerging markets like Indonesia, Thailand, Cambodia and Vietnam to meet the growing demand for manufacturing in those regions,” Seow said.

PMT joins Pikes Peak Plastics (“Pikes Peak”) and Altratek to form a new plastics injection molding company that serves the industrial, energy, electronics, medical, telecommunications and automotive industries.

Fu Yu is looking to form alliances with complementary service providers in the electronics, batteries, metals, coating, and sterilisation sectors, enabling it to offer an all-in-one solution suite to its customers.

PMT is an ISO 9001, ISO 14001 and IATF 16949-certified manufacturer of precision-engineered, injection molded plastic components and provides single-source molding from initial customer design through high-volume production. The company has nearly 50 years of experience serving an array of markets, including electrical, telecommunications, medical device and automotive. Charles A. Sholtis, former owner and CEO of PMT, will remain as an advisor to the company.