-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSupply Chain Strategies
A successful brand is built on strong customer relationships—anchored by a well-orchestrated supply chain at its core. This month, we look at how managing your supply chain directly influences customer perception.
What's Your Sweet Spot?
Are you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche. What are their insights?
Moving Forward With Confidence
In this issue, we focus on sales and quoting, workforce training, new IPC leadership in the U.S. and Canada, the effects of tariffs, CFX standards, and much more—all designed to provide perspective as you move through the cloud bank of today's shifting economic market.
- Articles
- Columns
- Links
- Media kit
||| MENU - smt007 Magazine
USI Expands Presence in Eastern Europe
August 23, 2018 | Universal Scientific Industrial (Shanghai) Co. LtdEstimated reading time: 1 minute
Universal Global Electronics Co. Ltd, a wholly owned subsidiary of EMS firm Universal Scientific Industrial (Shanghai) Co. Ltd (USI), has entered into an equity transfer agreement with ChungHong Electronics (Suzhou) Co. Ltd, intending to acquire its entire 60% stake in its Polish subsidiary Chung Hong Electronics Poland SP.Z.O.O. in Eastern Europe for RMB78 million. It is also stipulated in the agreement that within six months after the audit of financial statement of the Polish subsidiary for the year ended 2020, Universal Global Electronics can acquire the remaining stake in the subsidiary at 10 times the static P/E ratio.
In line with its 2018 expansion strategy, USI has expanded its presence in a new sector after signing a joint venture agreement with Qualcomm in Brazil, and memorandum of understanding for a joint venture with Cancon. According to the statistics of MMI, USI ranked 16th among global electronic manufacturing service providers in 2017. After the completion of the acquisition, the company will have a production base in Europe, thereby expanding its footprint in the region.
According to C.Y. Wei, president of USI, the company now has a global customer base, with production bases mainly in Shanghai, Kunshan, and Shenzhen in China; Taiwan; and Mexico. The company plans to initially deliver automotive electronics products in Poland, and then roll out its industrial and server businesses in the medium and long term.
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Lessons From a Thousand Columns: Dan Beaulieu on Writing, Selling, and Staying the Course
08/21/2025 | Michelle Te, I-Connect007For 20 years, Dan Beaulieu has been a steady voice in sales and marketing, offering weekly columns that challenge, inspire, and guide professionals in the electronics industry and beyond. Soon, he will reach a remarkable milestone—his 1,000th It’s Only Common Sense weekly column. In this Q&A, we look behind the scenes of Dan’s writing journey, exploring what has kept him motivated, the lessons he’s learned along the way, and how two decades of weekly columns have shaped his career and the industry conversation.
Marcy’s Musings: Continuing to Invent the Future With SEL
08/19/2025 | Marcy LaRont -- Column: Marcy's MusingsTwo years ago, PCB007 Magazine devoted an issue to Schweitzer Engineering Labs (SEL), a new captive greenfield PCB facility in Moscow, Idaho. We highlighted some of the most cutting-edge achievements in facility layout, design, and equipment in the PCB fabrication industry. SEL was a shining example of what was possible, providing insight and inspiration to PCB fabricators looking toward growth and expansion.
Coherent Announces Agreement to Sell Aerospace and Defense Business to Advent for $400 Million
08/15/2025 | AdventCoherent Corp., a global leader in photonics, today announced that it has entered into a definitive agreement to sell its Aerospace and Defense business to Advent, a leading global private equity investor, for $400 million. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS.
COVID, Tough Sales, and What Made Me a Better Salesperson
08/12/2025 | Daniel Beauvois, The Component StoreBefore 2020, we approached sales differently. A persistent, gritty salesperson could approach businesses daily without an appointment. They would often be turned away, but sometimes, they would be given a shot. Then, in March 2020, the COVID-19 pandemic became official, and things started to shut down. When we finally came back, everything had changed, creating an impenetrable barrier for outside salespeople.
It’s Only Common Sense: Stop Chasing New Customers and Start Keeping the Ones You Have
08/11/2025 | Dan Beaulieu -- Column: It's Only Common SenseCustomer retention is not glamorous. It doesn’t have a flashy ad campaign, it’s not going viral on social media, and nobody’s handing out “Best in Retention” awards at trade shows. However, if you’re running a proper business, not a popularity contest, then customer retention is where you make your money. However, too many companies treat customer retention as an afterthought.