Global Citizenship: The Future of U.S.-China Collaborations
The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
HANZA Signs MIG Agreement with a German Company
August 20, 2024 | HANZAEstimated reading time: Less than a minute
HANZA, a leading global contract manufacturer, specializing in supply chain optimization, has signed a strategic manufacturing agreement with a German company to streamline the supply chain for an entire product line.
Under the agreement, HANZA will create a new and more efficient supply-chain, which includes consolidating parts production to the HANZA Group, as well as a transfer of the company's existing manufacturing to HANZA’s manufacturing cluster.
The new manufacturing solution has been designed according to HANZA's unique concept MIG and will significantly enhance production efficiency, reduce costs, and provide greater flexibility to meet fluctuating demand.
“This partnership highlights HANZA’s ability to deliver comprehensive customer value to product-owning companies,” says Erik Stenfors, CEO, HANZA Group. “By using our MIG™ concept we create a solid, cost efficient and sustainable supply chain”
The relocation of existing manufacturing, currently in Germany, as well as the supply chain optimization will start immediately, with initial deliveries expected in autumn 2024. The manufacturing solution will be located in HANZA's cluster in Central Europe. At full capacity, the production volume is anticipated to generate an annual sales exceeding 10 MEUR.
Share on:
Suggested Items
Imec, Partners Unveil SWIR Sensor with Lead-free Quantum Dot Photodiodes
12/31/2024 | ImecAt the 2024 IEEE International Electron Devices Meeting (IEDM), imec, a world-leading research and innovation hub in nanoelectronics and digital technologies, and its partners in the Belgian project Q-COMIRSE, present a first of its kind prototype shortwave infrared image sensor with indium arsenide quantum dot photodiodes.
SP Manufacturing Expands with New Malaysia Plant, Acquires Ideal Jacobs
12/26/2024 | PRNewswireSP Manufacturing (SPM), a leader in Electronic Manufacturing Services (EMS), is strengthening its global presence with two major moves: opening a new manufacturing facility in Senai, Malaysia, and successfully acquiring Ideal Jacobs Corporation.
Mycronic Receives $6-8 Million SLX Mask Writer Order
12/26/2024 | MycronicMycronic AB has received an order for an SLX mask writer from an existing customer in Asia. The order value is in the range of $6 to $8 million. Delivery of the system is planned for the first quarter of 2026.
Delta Electronics, Cal-Comp Strengthen Partnership to Drive Innovation in Industrial Automation
12/25/2024 | Delta ElectronicsDelta Electronics (Thailand) Public Company Limited, a global leader in power management and IoT-based smart green solutions, and Cal-Comp Electronics (Thailand) Public Company Limited (SET Ticker: CCET), a leading industry 4.0+ electronics manufacturing services (EMS) provider, have signed a Memorandum of Understanding (MOU) to deepen their collaboration in industrial automation.
SMT Mounter Market Size Projected to Reach $5.06 Billion by 2030
12/23/2024 | openPRAccording to the new market research report "Global SMT (Surface-mount Technology) Mounter Market Report 2024-2030", published by QYResearch, the global SMT (Surface-mount Technology) Mounter market size is projected to reach USD 5.06 billion by 2030, at a CAGR of 4.7% during the forecast period.