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© Mycronic Electronics Production | January 22, 2020

New group structure at Mycronic aimed securing future growth

Swedish creator of production equipment, Mycronic, has grown quite a bit during the last years; both organically but also through acquisitions. And with that growth some structure is in order.

To prepare for continued profitable growth the company is launching a new group structure to better align the company with markets and to allow for a faster decision making process. The new structure that’s being implemented is being made order to achieve the strategic priorities of improving profitability in Assembly Solutions, securing and expanding the position in Pattern Generators as well as enhancing customer centricity. The new Mycronic organisation will be made up of four divisions. The Assembly Solutions High Flex division, which will focus on focus on high flex assembly markets, primarily in Europe and the US. Includes current SMT and Inspection divisions. The Assembly Solutions High Volume division, which will tackle the high volume markets in Asia, this will also include the current Dispensing division. Assembly Solutions Global Technologies, where advanced manufacturing solutions with high differentiation that are supported by long-term favorable trends is the focus. This division will also include the current Assembly Automation division. And lastly, the Pattern Generators division. Here the company will focus on maintaining its current market position within the display and multi-purpose segments and aims to establish Pattern Generators as the ‘go-to’ supplier of laser-based mask writers to the semiconductor industry. With this the composition of group management will be adjusted to reflect the new structure. New members of the management team will be Ivan Li, Sr VP High Volume and Michael Chalsen, Sr VP Global Technologies. Thomas Stetter will be Sr VP High Flex, whereas Charlott Samuelsson remains Sr VP Pattern Generators. Mycronic aims to have the new organisation to be operational in April. ”The new group structure provides a better alignment with markets and improved customer centricity, including faster decision making close to customers and an increased ability to tailor local operations to individual market needs. It constitutes a more scalable corporate structure and will make it easier for Assembly Solutions to reach an EBIT margin above 10 percent in 2021”, says Anders Lindqvist, President and CEO at Mycronic.
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June 09 2020 11:27 am V18.6.11-1