Germany's Röchling Group acquires Mexican firm; fortifies expertise in injection molded smart cards

19-Dec-08
Germany's Röchling Group has acquired a Mexican company that specializes in the production of smart cards. The acquired company, Haas Smartcard S.A. (HSC), previously a subsidiary of HKR Haas GmbH & Co. Kunststoff KG located in Tlaxcala, Mexico, will be integrated into Röchling Technical Parts KG (RTP). The take-over deal will allow German group to fortify its position as a global specialist for injection molded smart cards. CircleSmartCard AG (CSC), Erfurt, has been a part of the RTP group since the beginning of 2008 and produces smart card bodies as well as data carriers made of thermoplastics using the injection molding procedure. As a result of the growth in cellular phone demand in Mexico, it offers a good starting point for supplying the North and South American markets with cards, the company stated. The RTP group's customers from the fields of electronics, automotive engineering and medical technology will also benefit from the new production location on the North American continent.
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