Standard of Excellence: Speed vs. Quality in Customer Service
Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
Tekmart Buys ZTE's Mobile Phone Manufacturing Assets in India
October 20, 2015 | Tekmart International, Inc.Estimated reading time: 1 minute
Tekmart International, Inc. announced the recent purchase of the PCB assembly assets of ZTE’s only manufacturing facility in India located in Manesar, a township of India’s Haryana state. According to Nigel Thomas, Director of Business Development for Tekmart, ZTE, a Chinese multinational telecommunications equipment company headquartered in Shenzhen, China, is divesting all of the location’s automated circuit board assembly capability that was previously planned for the mass production of mobile handsets.
ZTE is one of the top 5 manufacturers of mobile handsets in China, and top 10 globally. “The decision to liquidate high-volume circuit board assembly capability from this facility comes one year after ZTE India announced they were eyeing this Manesar location as a production centre for the 4.2 million phones the Chinese company plans to sell in India, annually. ZTE changed its course and decided to focus on the expansion of their advanced repair services of telecom products.”, according to Tekmart’s Asia Regional Manager, Kai Chang.
“The production assets we acquired from the ZTE facility are very capable equipment, very similar to what you would find on the production floor of Nokia, Samsung and Microsoft.”, Chang continued. In India, ZTE’s mobile phone sales is in fourth place, trailing behind South Korea’s Samsung, and two of India’s home-grown brands - Micromax and Karbonn.
The asset management division of Tekmart International has recently engaged in expanding its footprint in trading and surplus asset management. The division, which made the acquisition with ZTE, will rationalize the well-maintained assets of the Chinese manufacturer’s facility, located one hour outside of New Delhi, to its global client base. This acquisition comes at the wake of Tekmart’s acquisition of the production assets from a Foxconn injection molding plant in Hungary two months ago, and less than a year after the acquisition of Nokia’s mobile phone production lines the Finnish company had in Changwon, South Korea.
About Tekmart
Tekmart is a diversified industry leader utilizing a two-pronged approach to its business strategy: capital asset trading – buying and selling high-technology capital assets from the manufacturing floors of some of the most recognizable global OEM’s in the industry; and contract manufacturing through its subsidiary Tekmart Integrated Manufacturing Services (TIMS), which operates manufacturing facilities in Brazil and Mexico.
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
Henger Microelectronics Expands Global Footprint with Major Equipment Shipment to Southeast Asia
10/31/2025 |Henger Microelectronics has reached a major milestone in its global expansion strategy with the successful shipment of advanced plasma etching and cleaning systems, along with automation equipment, to multiple countries and regions across Southeast Asia. This achievement marks a significant step forward in the company’s international growth and reinforces its position as a leading force in the global plasma equipment industry.
PCBAA Names Industry Veteran Dan Weber to Board of Directors
10/31/2025 | PCBAAThe Printed Circuit Board Association of America has added Dan Weber, Executive Vice President and General Counsel at TTM Technologies, to the PCBAA board of directors.
KLA Reports Fiscal Q1 2026 Results
10/31/2025 | PRNewswireKLA Corporation announced financial and operating results for its first quarter of fiscal year 2026, which ended on Sept. 30, 2025, and reported GAAP net income of $1.12 billion and GAAP net income per diluted share of $8.47 on revenues of $3.21 billion.
Samsung Teams With NVIDIA to Lead the Transformation of Global Intelligent Manufacturing Through New AI Megafactory
10/31/2025 | SamsungSamsung Electronics today announced plans to create a new AI Megafactory in collaboration with NVIDIA, marking a major milestone in the company’s efforts to lead the global paradigm shift toward AI-driven manufacturing.
Fresh PCB Concepts: Resilience and Renewal in Domestic PCB Manufacturing
10/30/2025 | Team NCAB -- Column: Fresh PCB ConceptsAs veterans of PCB manufacturing, we have spent much of our careers walking factory floors, examining copper circuits under microscopes, and troubleshooting plating lines when they go awry at 2 a.m. We can say with confidence that PCBs are the unsung heroes of modern life. They’re in everything, from toothbrushes and thermostats to satellites and defense systems.