-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
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.
Suggested Items
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.
Real Time with... IPC APEX EXPO 2024: Final Finishes and IC Substrate Manufacturing
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont and Richard DePoto, Uyemura's Business Development Manager, engage in a comprehensive discussion about the positive aspects of the show, the benefits of RAIG in final finishes, and the hurdles faced when upgrading your surface finish. Also discussed are the role of Uyemura's MEC pretreatment agents in IC substrate manufacturing and the importance of collaboration and knowledge sharing.
Women MAKE Awards Recognizes GlobalFoundries’ Jennifer Robbins and Katelyn Harrison for Manufacturing Excellence
04/24/2024 | GlobalFoundriesThe Manufacturing Institute (MI)—the workforce development and education affiliate of the National Association of Manufacturers—honored two outstanding women from GlobalFoundries (GF) at their annual Women MAKE Awards. Jennifer (Jenny) Robbins, Senior Director, Central Facilities, was recognized as a 2024 Women MAKE Awards Honoree, while Katelyn Harrison, Senior Integration Engineer, was honored as an Emerging Leader.
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.