TT Electronics and UniRoyal Unveil Joint Venture


Reading time ( words)

TT Electronics has underlined its commitment to supporting growing worldwide demand for precision resistors by announcing an agreement to establish a joint venture with UniRoyal, the world’s second largest resistor manufacturer. Building on the existing, successful relationship between the two companies, TT UR Precision Resistors brings together the design engineering strength of TT Electronics with UniRoyal’s unrivalled ability to manufacture quality resistors in high volumes.

JV.JPG

Guy Millard – VP/GM Resistors, TT Electronics; Richard Tyson – CEO, TT Electronics; Tim Roberts – VP Sensors and Specialist Components, TT Electronics; Rick Shih – Chairman, UniRoyal; KunYao Yang – Vice Chairman, UniRoyal; YiChun Chen – Senior Director, UniRoyal; Tao Hao – CEO, UniRoyal

The new joint venture, which will focus on thick-film, thin-film and metal-based resistors, will be registered in the UK and owned equally by both partners. Manufacturing will be based at UniRoyal’s established site in Kunshan, China, as the best-cost location benefiting from proven infrastructure and resistor manufacturing knowhow. As a result, TT UR Precision Resistors will be uniquely positioned to effectively address the electronics sector’s unprecedented and increasing demand for high-quality resistor technologies in volume at competitive price points.

TT and UniRoyal have successfully cooperated for more than a decade, producing high-quality resistors for specific target markets such as automotive, industrial automation and white goods. The new joint venture will initially produce proven, higher-volume resistors currently supplied by UR to TT, and develop new products targeted at strategic opportunities. A range of new precision resistors, in thick-film, thin-film, and metal technologies is planned, with the first new products being available in 2019. These will be distributed by both partner-companies.

“Our partner, UniRoyal, has complementary design and manufacturing strengths, and is well established in strategically important Asian markets,” said Tim Roberts EVP Sensors and Specialist Components, TT Electronics. “With the added value of TT’s advanced technical capabilities and worldwide distribution channels, we expect TT UR Precision Resistors to quickly become a leading supplier to global markets.”

“Building on our record of successful flourishing collaboration, this new joint venture combines our two companies’ best competencies more strongly than ever before,” added Tao Hao, CEO, UniRoyal. “Leveraging proven technical capabilities, organisational strengths and distribution infrastructures we will bring forward a range of superior-performing products, targeting exciting market opportunities.”

Share

Print


Suggested Items

The GraftWorx Fluid Management Patch Story

05/31/2019 | Anthony Flannery, GraftWorx
The GraftWorx vision is to connect patients to clinicians with clinical data that will have a meaningful impact on their care. Its first application is to monitor patients with end-stage renal disease or kidney failure using a wearable device called the SmartPatch that records numerous clinical cardiovascular metrics. This article details how GraftWorx was designed, fabricated, and assembled.

Communication and Information: Two Keys to Success

05/21/2019 | Nolan Johnson, I-Connect007
Nolan Johnson and Duane Benson, an I-Connect007 columnist and a representative from Milwaukee Electronics, discuss how assemblers can help their customers through submitting and maintaining accurate information, and engaging in open communication early and often about the highly important bill of materials.

Five Key Questions Your EMS Partner Should Be Asking in the Supplier Selection Process

05/09/2019 | Neil Sharp, JJS Manufacturing
As we've continued to observe the impact of the ongoing global electronics components shortage, any challenge to the supply chain has the potential to cause major disruption. Whether you currently manage your own end-to-end electronics manufacturing, or you have opted to outsource to an EMS provider, there are five essential issues (and potential risks) to bear in mind when assessing the value and reliability of any proposed new supplier.



Copyright © 2019 I-Connect007. All rights reserved.