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HANZA Holding AB (publ) sees an increased need for manufacturing close to the market in China and moves to new, larger premises. Furthermore, the electronics division is expanded through investments of approx. 10 MSEK.
HANZA Holding AB (publ) has a manufacturing cluster in Suzhou, China, that offers manufacturing close to the market for European customers. A positive market development has prompted a decision for HANZA to expand by moving to new premises of approx. 4,000 sqm, with an option for an additional 4,000 sqm. In connection with this, the company invests in electronics production equipment of approx. 10 MSEK.
"We see product companies that are moving production back from China to Europe, but also companies that want to move their production for the Chinese market from Europe to China," says Erik Stenfors, CEO of HANZA. “The underlying reason is the same - to manufacture close to the end market. Here, HANZA supports these companies in a unique way, through supply-chain advisory services and project management of factory relocations.”
The factory relocation and the installation of the new equipment will be completed during the third quarter of 2021.
Dr. Ronald C. Lasky, Indium Corp.
It may be difficult to see any bright spots in the current and recent economic situation. We have all experienced the devastation of the pandemic, supply chain issues, and most recently, inflation. However, as a senior technologist for an international materials supplier (Indium Corporation) and a professor of engineering at an Ivy League research university (Dartmouth College), I offer these four silver linings for those of us in the electronics industry.
Chris Peters, USPAE
Events of the past two years have clearly demonstrated the value of strong trading relationships. When materials become constrained, as in the recent microchip shortage or any of the pandemic-driven supply chain snafus, the companies that have those materials have a choice to make. Which customers will be put at the front of the line, and which will be placed at the rear? Too often, company executives assume that since they are a large buyer, they automatically will be prioritized when supplies are constrained. Research has shown that this is not always the case, and that assumption can leave a company in a weakened position.
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