© Leoni Business | January 31, 2019
Leoni and Hengtong form JV to manufacture singlemode fibers
Leoni and Hengtong Optic-Electric Co., Ltd., a supplier of cable and system solutions for the telecommunications and energy sectors, are joining forces to jointly produce singlemode fibers for telecommunications and data networks in Jena, Germany for the European market.
To this end, both companies have signed a framework investment agreement to establish a joint venture, and intend to create additional jobs. The joint venture will be set up officially after approval by the relevant antitrust authorities. “The transmission of signals via singlemode fibers is a forward-looking technology. It enhances our strategic positioning as a technology partner for intelligent data transmission solutions. By expanding our manufacturing competence we expect to strengthen our Fiber Optics business to serve the increasing European demand for singlemode fibers,” explains Bruno Fankhauser, member of the Board of Directors of Leoni AG with responsibility for the Wire & Cable Solutions Division, in a press release. “The establishment of the joint venture in Germany and the accompanying expansion of our business activities in Europe are a perfect fit for our ‘5-5-5’ internationalisation strategy. In Leoni we have found a strong and reliable partner to produce singlemode fibers directly in Europe and sell them in the European market,” adds Jianlin Qian, Chairman of the board of Hengtong. The expansion of broadband in Germany and other European countries and the growing demand for data centres require high-performance singlemode fibers as a key element in optical cables. Leoni and Hengtong are combining their strengths in order to service this growing demand. Through its subsidiary j-fiber GmbH in Jena, Leoni is already an established producer of multimode fibers in Europe. j-fiber will provide the joint venture with the necessary infrastructure to commence its operations rapidly. The two companies will address the European market for singlemode fibers using their combined resources. The joint venture will operate under the name of j-fiber Hengtong GmbH and foresees recruitment of new employees in Jena after taking business.
COVID-19 highlights the gravity of the secondary market for SME Cha Jin-Seok, Chief Financial Officer of SK Hynix, said it best in the company’s Q1 earnings call, “Because of a never experienced pandemic, even basic business activities such as maintaining normal operations and predicting future demand have become challenging tasks.”
GlobalFoundries to implement ITAR at US manufacturing facility GlobalFoundries plans to implement export control security measures at its most advanced manufacturing facility, Fab 8, in Malta, New York.
Rebound Electronics expands in Asia The independent supplier of electronic components says it is investing to increase its market coverage in Asia with the opening of several new offices and setting up a customer service & telesales centre.
Samsung expands foundry capacity with new production line Samsung Electronics says that it plans to boost its foundry capacity at the company's new production line in Pyeongtaek, Korea, to meet growing global demand for extreme ultraviolet (EUV) solutions.
Super Dry Totech expands Long Term Storage Solutions offering The most recent development for Super Dry Totech, is the acquisition of a new building to expand on capacity & to minimise risk by assuring continuity should a disrupting incident occur in one of the facilities.
Ynvisible acquires electrochromic display company rdot Printed electronics specialist, Ynvisible Interactive, announces that it will acquire the printed electrochromic displays business of rdot AB of Gothenburg, Sweden.
Manz receives follow-up order for display production equipment Manz says it has received an order with a total volume in the low double-digit million euro range for display production equipment.
Aehr Receives initial order from new customer for FOX-NP solution Aehr Test Systems says it has received orders from a new customer and their subcontract manufacturing supplier for a FOX solution including a FOX-NP full wafer test system, an initial WaferPak Contactor, and a FOX WaferPak Aligner to perform production qualification of their silicon photonics devices.
AIM names new director of product management AIM Solder has appointed Timothy O’Neill to the position of Director of Product Management.
Seoul Semi files patent suit against automotive LED light distributor Seoul Semiconductor says it has filed a patent infringement lawsuit in the United States District Court for the District of New Jersey against Onyx Enterprise Int’l Corp., a distributor of automotive components.
X-FAB expands foundry offering for silicon-based microfluidics In order to address heightening demands, X-FAB Silicon Foundries SE, has taken steps to simplify the integration of microfluidic elements with CMOS and SOI dies.
Renesas withdraw from LD/PD business and close production Renesas has decided to withdraw from the laser diode (LD) and photo diode/detector (PD) businesses, and to close the production line at its Shiga Factory, which manufactures compound semiconductor products.
TSMC confirms its intention to build new US fab The Semiconductor giant has announced its intention to build and operate an advanced semiconductor fab in the United States with support from the US government and the state of Arizona.
Flisom to set up shop in Hungary The Swiss solar technology company chose Kecskemét, Hungary as the location for its plant of industrial capacity.
VRG Earns ISO 9001:2015 Certification VRG Components, an independent distributor of electronic components, have been awarded the ISO 9001:2015 certification.Load more news