Electronics Production |
Lithuanian JSC to reduce output
Lithuanian EMS-provider JSC Vilniaus Vingis has decided to reduce output by 10 percent in February and March.
JSC Vilniaus Vingis is one of the biggest manufacturer of electronic components in Latvia. The company holds the 1st place in sales of the deflection yokes in Europe. Every third TV set made in Europe is being assembled in complete with the company's made deflection yoke.
Vilniaus Vingis sold products worth LTL 9.1 million in January, down 21.6 percent year-on-year. The company's turnover in January 2004 was LTL 11.6 million.
Currently, the number of Vilniaus Vingis employees is about 2000.
