Nifco UK formally known as Elta Plastics Ltd was established in 1967 on a site at Yarm Road Stockton-on-Tees offering a world-class service in the field of injection-moulded products. At that time, Japan was undergoing a period of rapid industrialization led by the automotive and home electronics industries. It was a competitive age of mass production growth, when emphasis was placed on increasing manufacturing efficiency especially in fields of automobile and home electronic appliance production.
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 recognised.