-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC 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.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Premo Plans China Expansion for Power Electronics Apps
June 3, 2010 |Estimated reading time: 1 minute
BARCELONA, Spain — Premo will open a new plant to enlarge production this year. The 4,000 sq.m. plant with 500 sq.m. laboratory premises will be operating by Q4 2010 in Wuxi, China. The company is growing over 30% and expects to grow at an annualized aggregated rate over 20% the next three years according to existing customer contracts and forecasts. This will require further capacity to be available for growth especially for applications in power electronics for renewable energies and automotive.
The new premises will give Premo China the chance to increase R&D team 60% in two years as well as creating 200 more direct jobs and increase turnover in 112Million RMB in next 3 years.
The Chinese WND authorities have granted support for this project by the signature of an MOU done yesterday. New continuous support to Premo Wuxi and its development as a high-tech R&D company has been committed from Premo HQ as well as the future development and production of RFID products and TPMS antennae and sensing products.
President of WND Mr. Ji stated during the signing ceremony that the local authorities support the development of WUXI as the main cluster for development of sensing technologies where Premo has significant strengths, especially for Energy Harvesting and High Precision Current Sensors.
The ceremony was attended by Premo Group CEO and GM , Premo China GM and CFO as well as main authorities of the city of Wuxi where as strong mutual understanding and support between Premo and authorities has been developed for 10 years.
Premo Group has announced that turnover growth over 30% is expected for 2010 and has registered a 4-year record high order intake led by automotive and renewable energies in China and India where the Group has now 57% of its total sales.
Premo Group employs 500 people worldwide. Main competences are designing, manufacturing and supplying standard or custom inductive components for the electronics market. A wide range of products as RFID transponder coils, EMC filters, current sensing components, planar transformers, and chokes cover most applications in the different market sectors. For further information, visit www.grupopremo.com
Join the PennWell SMT Group on LinkedIn
Become a Fan on SMT's Facebook Page
Post your electronics manufacturing, SMT-related material to the #SMT community on Twitter. Use the #SMT hashtag.