TORONTO, Canada - SMTC Corporation ("SMTC"), a global electronics manufacturing services provider, announced the successful buyout of their Chinese joint venture partner, Alco Electronics, and the expansion at their Dongguan China manufacturing facility. This investment and expansion is part ofSMTC's strategic plan to strengthen its global footprint, to enhance manufacturing capabilities in China, and to support the growth of new business in the region.
This expansion in Asia, combined with its existing facilities in Mexico
and North America, highlights SMTC's commitment to its growing global
footprint; it also caters specifically to global OEMs seeking a
sophisticated Asia-based manufacturing solution. More specifically,
SMTC has strengthened its capabilities in Asia by adding engineering
resources to support New Product Introduction, by adding
state-of-the-art testing equipment, and by boosting capacity. The
expansion is supported by SMTC's Asia procurement office and
fulfillment warehouse, both located in Hong Kong, which allow both
current and new customers to benefit from SMTC's strong supply chain
capabilities and localized purchasing power in order to bring products
to market faster and more cost effectively.
"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. This growth and investment is consistent
with our corporate objective of delivering intelligent, profitable
growth to customers with products in the mid-to-low-volume, higher-mix
segment of the market," said Claude Germain, President and CEO for
SMTC's 150,000 sq/ft facility is located in China (Dongguan), is ISO
9001:2008 registered and serves as a medium to high volume, medium to
low mix facility servicing both regional and global OEMs requiring
lowest cost manufacturing. This manufacturing facility offers a full
suite of turnkey solutions; New Product Introduction and prototyping,
Printed Circuit Board Assembly and testing, box/module build, final
product integration and worldwide customer logistics.
About SMTC Corporation
SMTC Corporation, founded in 1985, is a mid-size provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC facilities span a broad footprint in the United States, Canada, Mexico, and China, with more than 1,875 full-time employees. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial, computing and communication market
SMTC was recognized in 2012 by Frost & Sullivan with the Global EMS Award for Product Quality Leadership. SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq Global Market under the symbol SMTX.
For further information on SMTC Corporation, please visit www.smtc.com