Schweizer Electronic Singapore, a member of Germany’s Schweizer
Electronic AG, will enter a joint venture with Meiko Electronics Hong Kong
Company, a member of Japan’s Meiko Electronics Company, to set up production of a printed circuit boards in
Vietnam.
“Both companies have agreed to
build a common production line for the manufacturing of printed circuit boards
dedicated to European customers in the automotive and industry segments. It is
planned to produce standard printed circuit boards as well as solutions which
reduce the overall cost of a system, such as FR4 Flex, and power electronics
solutions, like the Inlay Board,” Schweizer Electronic AG announced in a
statement.
The firm said it and Meiko
decided to choose Vietnam for the investment plan because “the production will
benefit from the favourable economic conditions that Vietnam offers in
comparison to other Asian countries.”
This joint venture, which will be
headquartered in Hong Kong, is planned to be officially set-up in the beginning
of 2013. The production capacity and the total investment capital have not yet
been revealed, but the German firm announced the start of production in Vietnam
was scheduled for the third quarter 2013.
By joining forces, Schweizer
Electronic AG and Meiko aim to build upon their respective market accesses to
Europe and Asia, their technology expertise and their production and process
know-how in order to offer a wide range of products to global customers.
“Following the foundation of our
partnership with Meiko in April 2009, a close and successful cooperation over
the past three years and our mutual shareholding, it was a logical step to
further build on the valuable experience of two powerful partners,” said Marc
Schweizer, chief executive officer of Schweizer Electronic AG, who is also
designated vice president of the new joint venture.
Schweizer Electronic AG is a
global best-in-class technology company, manufacturing premium PCBs, innovative
solutions and services for automotive, solar and industry electronics. Meanwhile,
Meiko is a global leading printed circuit boards manufacturer. This Japanese
company currently runs a manufacturing factory in Hanoi, which started
operation in November 2011 and employs about 1,200 people.
“While Schweizer is a recognised
research and development partner in Europe for innovative printed circuit board
solutions, particularly for the automotive and industry segments, Meiko is an
established enterprise offering volume production mainly for the automotive and
mobile industries. Thus we are convinced that our customers will benefit from
this strengthened partnership,” Schweizer said.
Nhu Ngoc | vir.com.vn
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