Nortech Systems to Close Facility in Augusta, Wisconsin


Reading time ( words)

Nortech Systems Incorporated has announced plans to close its manufacturing facility in Augusta, Wisconsin, by the end of 2016.

The three primary EMS markets served by Nortech Systems are industrial, medical and aerospace/defense.  Since 1992, the Augusta facility has served mainly an industrial customer base and defense overflow production that aligned with their custom cable capabilities.

“Our industrial customers have been hit the hardest by the slow economy and the defense business has been impacted by major defense budget cuts over the past several years,” said Rich Wasielewski, president and CEO of Nortech Systems. “This was a difficult decision but we were unable to keep the facility open due to changing customer requirements and lower demand.”

Consolidation and restructuring costs are expected to be offset with savings and have minimal financial impact on the company’s 2016 results and become fully accretive once the consolidation has been completed.

About Nortech Systems Incorporated

Nortech Systems Incorporated (www.nortechsys.com), based in Maple Grove, Minn., is a full-service electronics manufacturing services (EMS) provider of wire and cable assemblies, printed circuit board assemblies, and higher-level complete box build assemblies for a wide range of industries.  Markets served include industrial, medical and aerospace/defense. The company has operations in the U.S., Latin America and Asia. Nortech Systems Incorporated is traded on the NASDAQ Stock Market under the symbol NSYS.

Share

Print


Suggested Items

SMTAI 2019: Kristen Mattson on the SMTAI Vacuum Reflow Systems Demo

10/04/2019 | Real Time with...SMTAI
Kristen Mattson, marketing principal at BTU International Inc., and Nolan Johnson discuss the vacuum reflow demo that's running on the show floor and the program with the American Competitiveness Institute where they have PYRAMAX vacuum reflow systems available for customer process evaluation.

Recent Advances in X-ray Technology: SMTA Webinar Recap

08/12/2019 | Pete Starkey, I-Connect007
Technical Editor Pete Starkey recently attended a webinar on advances in X-ray technology and its applications in the electronics industry, as presented by Keith Bryant, Chair of SMTA Europe, on behalf of SMTA India. Here are the highlights of the webinar.

Goepel electronic Solutions, Webinar Series, and Trends

06/19/2019 | Barry Matties, I-Connect007
Barry Matties catches up with Matthias Müller to chat about the wide range of test and inspection solutions currently being offered by Goepel electronic as well as the informative webinar series produced by the company to help further educate their customer base and promote technical discussion on a number of topics.



Copyright © 2019 I-Connect007. All rights reserved.