Electronics Production |
Cemtrex EMS segment bags $7M in new orders
Technology and manufacturing company, Cemtrex, says that the company received USD 7 million in new orders in its EMS Segment in January and its backlog remains over USD 50 million.
The company’s recent orders were driven primarily by customers in wearable smart devices, medical devices, automotive technology, automation, and measurement devices. The orders came from both new customers and existing customers such as ERBE, ABB, and Heinzmann. Cemtrex’s EMS segment achieved approximately USD 44 million in revenues in CY 2018.
“Cemtrex EMS segment’s stable backlog is providing a strong footing for continued growth within this segment. With continued interest from both new and existing clients, we believe we can reach our low double digit organic revenue growth targets over the next twelve months,” Cemtrex’s Chairman and CEO, Saagar Govil, commentes in a press release.
