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Electronics Production | October 09, 2008

Cemtron goes into administration

Cemtron, EMS-provider based in Dalgety Bay, Scotland, has gone into administration. The company, which employs 153 staff, has not yet started any redundancy scheme.
Cemtron, which has a turnover of ÂŁ16 million, is reported to experience trading losses, cash flow and funding problems. The administrators Tom Maclennan and Kenny Craig, both Tenon Recovery, will continue trading as Cemtron and are seek a buyer for the company, reports the BBC.

Cemtron was established in 2000 and the current management team acquired it through a management buyout in October 2005. Most of the production - the company specialises in end-to-end EMS - went into export. Cemtron also has a supply chain office and logistics operation in Hong Kong and a strategic relationship with Daiwa, China, the report goes on.
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