SMTC Corporation

SMTC Corporation (Surface Mount Technology Centre), founded in 1985, is a mid-size provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC facilities span a broad footprint in the United States, Canada, Mexico, and China, with more than 2,300 employees. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial, computing and communication market segments. SMTC was recognized in 2012 by Frost & Sullivan with the Global EMS Award for Product Quality Leadership and 2013 with the North American Growth Leadership Award in the EMS industry, as one of the fastest growth companies in 2012.

SMTC Corporation
TypePublic
NASDAQ: SMTX
IndustryElectronics
FoundedToronto, Ontario, Canada (1985)
HeadquartersMarkham, Ontario
Key people
Ed Smith (President and (CEO)
ProductsElectronics manufacturing services
Revenue US$ 296.3 Million USD (2012)[1]
US$ 7.542.7 Million USD (2012)
Number of employees
2300 (2012)
Websitewww.smtc.com

History
  • 1985 - Surface Mount founded in Toronto, Ontario
  • 1990 - HTM established in Denver, Colorado
  • 1997 - acquires Ogden Atlantic Design in Charlotte, North Carolina
  • July 1999 - merger of Surface Mount and HTM
  • 1999 - purchased Zenith Electronics' facility in Chihuahua, Mexico, SMTC's only site with unionized employees[1]
  • September 1999 - acquired W. F. Wood of Boston, Massachusetts
  • July 2000 - acquired EMS company, Pensar Electronic Solutions of Appleton, Wisconsin
  • July 21, 2000 - IPO
  • November 2000 - acquired Qualtron Teoranta of Donegal, Ireland, and subsidiary in Haverhill, Massachusetts
  • March 2002 - Closed down its Cork City, Ireland manufacturing plant with the loss of 200 jobs due to its main customer going into administration. [2]
  • August 2003 - Sold EMS company, Pensar Electronics Solutions of Appleton, Wisconsin back to the original owners. The original owners decided to buy the company back after hearing plans that SMTC was planning on shutting the plant down.
  • November 8, 2018 - acquires contract manufacturer MC Assembly [3]

Operations

In February, 2010, SMTC regained compliance with Nasdaq requirements, after Nasdaq notified the company for failing to maintain a minimum bid price of $1.00 on September 15, 2009.[4]

References
  1. "SMTC Corporation, Form 10-K" (PDF). 2012-03-28. Retrieved 2012-03-28.
  2. https://www.irishtimes.com/news/120-jobs-lost-as-cork-electronics-firm-closes-1.417073
  3. https://ir.smtc.com/press-releases/detail/185/smtc-corporation-acquires-mc-assembly-holdings-inc-in
  4. "SMTC Regains Compliance with Nasdaq Minimum Bid Price Requirements". Feb 4, 2010.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.