Precision metal
stamping company Interplex Industries Inc. today announced the launch of
its subsidiary Interplex Electronics India Ltd. The company has set up its
manufacturing facility at Electronics City, Bangalore. Interplex
Electronics would produce a variety of customized metal stamped parts and
selective plating from this facility. These high precision parts are used
in electronics, communication, telecom and networking industries, for
applications in hybrid microcircuits, connectors, miniature relays,
switches and other custom made parts.
Interplex Electronics India Ltd. CEO and
Vice President said, "We have already committed an investment of Rs
7.6 crore in setting up this manufacturing facility, with in-house
capability for design, tools manufacturing, high-speed stamping, selective
plating and testing — all under one roof. Currently the market is
estimated at over 150 crore, of which we will be able to take in at least
10 per cent in the next 3 years."