Friday, June 8, 2012

SMTC Corp. (SMTC) Buys Chinese Joint Venture Partner

SMTC is a global provider of end-to-end electronics manufacturing services, including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering, and supply chain management services. The company has facilities in the United States, Canada, Mexico, and China.

The company today announced the successful buyout of its Chinese joint venture partner, Alco Electronics, and the expansion at their Dongguan, China, manufacturing facility. These moves are part of SMTC’s strategic plan to strengthen its manufacturing capabilities in China and grow its business in the region that is experiencing strong economic growth. This expansion in Asia, combined with its existing facilities in Mexico and North America, highlights SMTC’s commitment to growing its global footprint which is important in attracting new customers.

This strategic move also caters specifically to global OEMs (original equipment manufacturers) seeking a sophisticated yet low-cost, Asia-based manufacturing solution. More specifically, SMTC has strengthened its capabilities in Asia by boosting capacity, adding engineering resources, and adding state-of-the-art testing equipment. The expansion will be supported by the company’s Asia procurement office and fulfillment warehouse which are both located in Hong Kong.

The company’s president and CEO, Claude Germain, stated “We are excited to announce this further expansion in China, which meets our strategic initiative to align our footprint to meet the needs of our growing customer base.”

For additional information about SMTC Corporation and its global operations, please visit the company’s website at www.smtc.com

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