PCB | May 15, 2007
Spanish PCB firm prefers India to China
Spanish manufacturer of printed circuit boards (PCB) Circuitos Impresos Profesionalses, S.A. (CIPSA) has opted to set up its first overseas joint venture in India with an eye on the growing domestic demand and huge export potential.
Though China and Taiwan are way ahead of India in manufacturing PCBs and other electronic products, the Euro 18-million Circuitos Impresos Profesionalses, S.A. (CIPSA) has decided to locate the 50:50 joint venture - CIPSA-RIC in Bangalore with two Indian entrepreneurs - Anil Gupta and Alok Garg - and invest more to expand the production capacity. 'We have found India a strategic location for our first overseas venture outside Spain. Though manufacturing costs are cheaper by 10-12 percent in China, we have opted to come here (Bangalore) in view of the opportunities India offers in terms of skills, resources, market and huge export potential,' CIPSA director general Evarist Michavila told IANS here. With an upfront investment of $10 million (Rs.450 million), the JV has started manufacturing single, double and multi-layer PCBs and membrane switches for the domestic as well as export markets. Having reached full capacity utilisation in the first year of operations last fiscal (2006-07) and posting a turnover of $10 million, the venture partners have doubled the JV's authorized capital to $20 million (Rs.900 million) in this fiscal (2007-08) for expanding the production capacity and meet the growing demand from the parent firm (CIPSA), European and Indian OEMs. CIPSA accounts for 70 percent of the JV's exports, while the balance 30 percent goes to OEMs such as Zollner, Technomeca and BHTC in Germany. Of the total production, 65 percent is exported and the remaining (35 percent) is shipped to Indian OEMs/vendors such as L and T and Procot. 'To meet the increasing demand for our products in Europe and the sub-continent, we are investing more (Rs.400 million) to expand the manufacturing capacity with a third facility near the existing two plants at Doddaballapur on the outskirts of Bangalore by March 2008,' Michavilla said. Giving an industry perspective, Gupta and Garg said that though the global market for PCBs and membrane switches was attractive despite competition from China and Taiwan, the domestic demand was no less. They attributed this to the robust economy fuelling consumption of electronic products, consumer durables and high-tech products, including handsets and personal computers. According to the Indian Printed Circuit Board Association (IPCA), of the $550-million worth of PCB/switches sold in the country in 2006, the share of Indian PCB firms was only $110 million, while products worth $440 million were imported from China, Taiwan and the South East Asian region. The Taiwan Printed Circuit Board Association (TPCA) has estimated the PCB market size worldwide to be $45 billion in 2008 as against $33 billion in 2004. 'Our game plan is to join the volume-driven game and compete with our Chinese or Taiwanese counterparts on price points to capture a fair share of the global market and meet the growing requirements of Indian OEMs, who are still import-depended heavily,' Michavila affirmed. For this fiscal (FY 2008), the Indo-Spanish JV has projected 100 percent growth in turnover to post about $20 million and grow by 50-70 percent year-on-year (YoY) over the next three years to cross $100 million revenue target by fiscal 2011-12.
EUV photoresist company Inpria raises $31 million in funding Inpria, a pioneer in high-resolution metal oxide photoresists for extreme ultraviolet lithography (EUV), has secured USD 31 million in Series C funding from a broad syndicate including two of the biggest names within the semiconductor manufacturing space.
Semiconductor industry avoids direct impact of coronavirus The semiconductor industry appears to have escaped the direct impact of the coronavirus crisis so far, but the market is likely to suffer the repercussions as the outbreak slows or suspends production among electronics manufacturers, according to Omdia.
Plessey partners with Axus Technology Plessey, an embedded technologies developer, is partnering with Axus Technology (Axus), a provider of CMP, wafer thinning and wafer polishing surface-processing solutions for semiconductor applications, to bring high-performance GaN-on-Silicon monolithic microLED technology to the mass market.
GPV Electronics CN resumes production On 19 February 2020, the Chinese Central Government informed that all enterprises in the Guangdong province are now allowed to resume production.
Nano Dimension moves its main commercial activity to USA Nano Dimension announces that the company is establishing its headquarters for the Americas in South Florida.
Rockwell Automation inks deal for Italy’s ASEM Rockwell Automation Inc. has signed a purchase agreement to acquire digital automation technologies provider ASEM S.p.A.
IFR releases ‘Top Trends 2020 Robotics’ The International Federation of Robots (IFR) has forecasted an uptick of 2 million industrial factory robotic units in the next two years.
Paslin, Rivian fuel EV factory expansion The Paslin Company, a builder of robotic assembly lines for Tier 1 suppliers and OEM auto companies, is expanding in Warren, Michigan.
Nokia plans to acquire US-based company The Finnish telecom company is planning to acquire Elenion Technologies, a U.S.-based company focusing on silicon photonics technology.
neutec electronic to handle Asymtek and Dima in Switzerland Asymtek, a part of Nordson Electronics Solutions - announces that their distributor, neutec electronic AG, has expanded its representation of all Asymtek and DIMA products to the French-speaking areas of Switzerland.
BMZ subsidiary Poland reports successful business year 2019 BMZ Poland, the second largest production site of the BMZ Group, is expanding its production area and is reporting 10% sales growth and thereby reached record results for the business year 2019.
Scanfil CEO: ‘Our operations are making good progress’ The last quarter of 2019 was the strongest one for the EMS provider. Scanfil recorded a turnover of EUR 155 million, a growth of EUR 15 million or 10% year-over-year.
Prime Technological Services acquire ITS EMS provider Prime Technological Services LLC has acquired Georgia-based I Technical Services (ITS).
Florida’s Sypris snags BAE Systems contract Sypris Electronics LLC, a subsidiary of Sypris Solutions Inc., has won a contract award from London-based BAE Systems’ Electronic Systems sector.
Into the future, San Diego style IPC APEX EXPO, the North American electronics manufacturing industry’s biggest gig, has left the teenage years behind with this year’s 20th anniversary show held Feb 3-8 in San Diego.
5 semiconductor companies hold 53% of global wafer capacity The world’s top-five wafer capacity leaders each had capacity of more than 1,000,000 wafer starts per month, says IC Insights.
Global DRAM revenue holds steady in 4Q19 The DRAM inventory finally returned to a relatively normal level for most OEMs in 4Q19 after nearly three consecutive quarters of adjustments, says the DRAMeXchange research division of TrendForce.
Mitsubishi Electric completes new satellite production facility Mitsubishi Electric has completed construction of a new facility for the production of satellites at the company’s Kamakura Works in Kamakura, Japan.
ISS-Broadband delivered by Kongsberg Kongsberg equipment is to enable broadband transmission for the International Space Station (ISS) to 'significantly improve communication between the ESA astronauts manning the station and earth.
Mycronic receives order for an SLX mask writer Swedish equipment provider, Mycronic AB, has received an order for the new SLX mask writer from a customer in Asia. The customer already has mask writers from Mycronic.
A new production unit for mirror segments for ELT Safran's new production unit at the company's Saint-Benoît facility near Poitiers in central France will make the primary mirror segments for Europe's Extremely Large Telescope (ELT).
A more sustainable approach to semiconductor manufacturing Reuse; that is the key to driving environmental sustainability in global semiconductor manufacturing, says Steven Zhou, CEO of Moov Technologies.Load more news