Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
The Knowledge Base: Building the Workforce of Tomorrow With EMAC
Scanfil to Restructure Operations in China
June 27, 2016 | ScanfilEstimated reading time: Less than a minute
Scanfil announced in the Interim Report on 29 April 2016 that measures to eliminate overlap and streamline the factory network have been started in China. As an outcome of these measures Scanfil Sweden AB’s Chinese subsidiary, Partnertech Electronics Co., Ltd. has on 27 June 2016 decided to cease the production at Dongguang plant in China. Production at Dongguang plant is estimated to end during the third quarter of 2016. Turnover of Partnertech Electronics Co., Ltd in 2015 was about EUR 19.5 million and operating loss about EUR 1.1 million. Part of the customer accounts of Dongguan will continue at Scanfil plants in Hangzhou and Suzhou.
Non-recurring costs related to the closure of the production is estimated to be approximately EUR 2 million. The respective negative cash impact is estimated at approximately EUR 1 million. Corresponding cost provision will be recognized in the second quarter of 2016.
Share on:
Suggested Items
Wolfspeed Stock Soars After Filing for Chapter 11 Bankruptcy
07/01/2025 | I-Connect007 Editorial TeamOn July 1, Wolfspeed shares doubled following the company’s announcement on June 30 that it had filed for Chapter 11 bankruptcy protection.
Zollner Completes Full Acquisition of Bluechips Microhouse
07/01/2025 | Zollner Elektronik AGZollner Elektronik AG has successfully finalized its com- plete takeover of Bluechips Microhouse Co., Ltd., in Thailand. In the future the company will operate as part of the Zollner Group of companies under the leadership of Thomas Kiefl – strategically networked, technologically focused and internationally oriented.
Inission Acquires the Lithuanian Company Selteka
07/01/2025 | InissionInission AB has signed an agreement to acquire 100% of UAB Selteka. Selteka is a well-respected EMS (electronics manufacturing services) company with operations located in Kaunas, Lithuania.
RTX, Shield AI Partner to Develop New Defense Capabilities
07/01/2025 | RTXRTX and Shield AI announced a new partnership to integrate Shield AI capabilities into select RTX defense products, like loitering munitions and sensors. This collaboration will deliver enhanced, autonomous capabilities to US and allied defense forces.
Lockheed Martin Completes Acquisition of Amentum’s Rapid Solutions Portfolio
07/01/2025 | Lockheed MartinLockheed Martin has closed its acquisition of the Rapid Solutions business of Amentum, an engineering and technology solutions company.