Nifco turned its early attentions to devising ways to reduce manpower in the manufacturing process and became the first company to introduce plastic as an alternative to metal for use as fasteners. Nifco fasteners make full use of the superior characteristics of plastic: lightweight, rustproof and highly mouldable. Although small in size, Nifco fasteners have made a major contribution to the automobile and home electronic production processes and brought about a "Fastening Revolution" in Japan.
In 1972, Nifco Inc entered into technology transfer agreements with America's Big Three of GM, Chrysler, and Ford, and after this Nifco Inc's products came to be used in many automobiles as the Japanese automobile industry flourished and the advantages of plastic fasteners in reducing the costs and energy needs of industrial productions processes came to be recognized.
Nifco Inc set its sights on the world early on and, beginning with its expansion to Taiwan in 1983, Nifco has since grown into a group with subsidiaries and affiliated companies in twelve countries around the world including the United Kingdom, Asia and United States of America.
Acriplas S.A., based on Terrassa, was acquired by Nifco Group in 2001, giving rise to Nifco Products España, a new subsidiary of Nifco Group. Acriplas was a plastic injection factory specialized in the electronic area widely established in the Vallés region. This was a key moment in the history of the company as it supposed the beginning of the transition from electronics into automobile industry.
The consumer electronics relocation plan ended with the closure of Sony, Samsung and Sharp plants in the Vallés region. This point supposed the beginning of the end of Nifco’s transition into automotive industry, accelerating investments and the company’s transformation into the new market.
With the production of various parts for the new Nissan Pathfinder, Nifco España was nominated for the first time. It was nominated for interior and exterior parts for the new car model produced in Nissan’s free zone plant. At that point, the % of the plant’s automotive components production was 80%.
Just as the rest of the automotive and other sector’s companies, 2009 was especially difficult for Nifco. It had to take difficult steps in order to secure the future of the company.
With grab-handle nominations for Nissan and Volvo models, Nifco started the production and specialization in one of the key parts for the future company’s growth.
With Mario den Braber recently appointed Managing Director and a reformed management team in place, Nifco began to generate positive results after years of difficulty due to the sector’s crisis.
Nifco started the production of a fully automated model for dampers, one of the key components in the grab-handle production. So far that part was being bought from plants allocated in Asia.
Nifco started the production of grab-handles for the Jaguar Land Rover models produced in Solihull’s factory, UK. With this model, Nifco obtains 18% share in European grab-handle market.
With the enlargement of 525sqm in the production area and the acquisition of new injection machines, Nifco prepares for the coming years high growth which might suppose a 50K€ turnover increase in the next 4 years.
It continues to work along the same lines and with the same philosophy since structure is maintained, which includes the management team and staff. And the acquisition by Grupo Taurus translates into greater financial support to grow and develop your project more quickly. In this sense, Grupo Taurus announces an investment plan of 5 million euros, with the aim of achieving a turnover of 30 million euros within three years.