Enterprise Europe Network

An Israeli international leader in quality spring production is looking for manufacturing agreements

Country of origin:
Country: 
ISRAEL
Opportunity:
External Id: 
BOIL20211021001
Published
21/10/2021
Last update
08/11/2021
Expiration date
09/11/2022

Keywords

Partner keyword: 
Forming (rolling, forging, pressing, drawing)
Hardening, heat treatment
Speciality metals (including processes for working with metals)
Motor vehicles, transportation equipment and parts
Manufacture of wire products, chain and springs
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Summary

Summary: 
An Israeli leading company in quality international spring production provides complete spring solutions and manufacturing abilities to fit clients’ needs. Currently, the company creates springs for various industries and offers individualized spring engineering services. It is looking for global partnerships in the form of a joint venture agreement, manufacturing agreement, outsourcing agreement or through subcontracting with German, Polish, Hungarian, USA or Indian companies.

Description

Description: 

This Israeli company has 75 years of experience in quality spring production, and has clients across global and industrial sectors. Their products include springs, compression springs, extension springs, torsion springs, flat springs, and form springs. As a result of providing need-based spring solutions and manufacturing assemblies, the company currently has over 50,000 different spring specifications for companies in various industries such as, automotive, aerospace, defense, medical, irrigation, agriculture, cellular, telecom, electronics, electrics, locks and furniture. The most lucrative industry is the automotive industry, accounting for 40% of the company's turnover. The company’s advanced manufacturing machinery is among the top in the world: implementing intensive use of computerization in production control with an ERP management, along with a unique software system to define required features and develop them specifically for the needs of the customer. The company is looking for the following partners:
• Manufacturers of spring’s based assemblies.
• Supplier of springs for automotive and aviation industries
worldwide
• Joint venture with producers of gas springs and shock.
The motivation of the company for seeking such partnerships include expansion to new domestic markets, new product development and an increase of products portfolio, developing markets for a new product, combining complementary R&D products/process technologies, acceleration of revenue growth, and the ability to increase profit margins. The company is looking to partner with a company located in Germany, Poland, Hungary, USA, or India.

Advantages & innovations

Cooperation plus value: 
In-house design and production of progressive dies, tools and special machinery for springs and stampings. Design and production of springs from all geometric shapes of wires Design and production of springs from all geometrical shapes of wires. Deep know-how and knowledge, about engine valve spring for cars.

Stage of development

Cooperation stage dev stage: 
Already on the market

Partner sought

Cooperation area: 
The company is looking to enter a manufacturing agreement with a companies that specializes in spring based assembly production, production of gas springs, or complementary finishing processes on springs. The company is looking to outsource its current reliance on in-house production in order to expand globally. The company is also seeking a joint venture agreement with an international company to ensure efficient commercialization of their business concept, and to ease the company's expansion to new domestic markets.

Type and size

Cooperation task: 
SME 11-50,SME 51-250