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VOGT electronic intensifies activities in the USA
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VOGT electronic intensifies activities in the USA
Electronics group enters into strategic cooperation – synergies yield
competitive advantages
Erlau, 07.03.2003.
VOGT electronic AG, the Erlau/Germany-based manufacturer of passive components,
circuit boards and electronic systems for the global electrical and electronics
industry is intensifying its activities in the USA by forging strategic links
with Paramit Corporation of Morgan Hills, USA. Cooperation between the two
companies will focus on Electronic Manufacturing Services.
The aim is to expand VOGT’s business potential in the US market, boost sales
significantly, and make way for additional customer-oriented services. There is
a broad emphasis here on supporting customers in all segments of the market with
services ranging from support for the introduction of new products through
optimum-cost mass production. Paramit will undertake product introduction and
manufacture small batches and pre-production runs, with subsequent mass
production taking place at VOGT electronic plants in Mexico and China. The
synergies arising from this cooperative arrangement will not only yield
competitive advantages for both companies, but will result in specific benefits
for customers as well. VOGT electronic chose Paramit as its partner on the
strength of their outstanding manufacturing flexibility and extensive testing
facilities. Thanks to their high level of technical competence, Paramit has
established itself as a flexible NPI (New Product Introduction Center).
The present cooperation also provides the foundation to enter into a more in
depth strategic alliance in the future.
Paramit Corporation ( http://www.paramit.com ) :
Paramit is headquartered in America’s strategically important Silicon Valley.
The company is located in direct proximity to numerous global players in the
electronics sector and has already amassed twelve years’ experience in product
development and introduction, as well as in small-batch manufacturing. Over the
past five years, Paramit has achieved exceptional growth and last year recorded
sales of around USD 60 million.
VOGT electronic AG ( http://www.vogt-electronic.com ) :
VOGT electronic AG produces elements, printed circuit boards, assemblies and
systems for global market electrical and electronic industries. Over a period of
seven decades, VOGT electronic has acquired extensive know-how in the area of
EMS (Electronic Manufacturing Services). Here the focus is on the individual
development and manufacturing of assemblies and entire systems in accordance
with customers requirements. VOGT electronic has an exceptional degree of know-
how when it comes to development of all types of components, state-of-the-art
technical resources for various types of testing, test-runs and certificates,
innovative manufacturing equipment with flexible capacities. VOGT electronic AG
is widely represented at locations in Europe, Asia and North America. In
financial year 2001/02 the company achieved sales of Euro548.0m. At present, the
electronics company employs a workforce of more than 5,000 at 14 locations in 8
countries in Europe, North America and Asia. In 1997, VOGT electronic moved
into new growth markets with the establishment of production plants in
Guadalajara, Mexico and Shanghai, China. These cost-optimized plants now give
the company the competitive manufacturing edge necessary in today’s market.
For further information please contact:
VOGT electronic AG/ Communications
Hr. G. Hein
VOGT electronic Platz 1
94130 Obernzell
Germany
Tel.: +49 [0] 8591/ 937 180
e-mail: ir@vogt-electronic.com
VOGT electronic/ Sales
Hr. H. Jellbauer
VOGT electronic Platz 1
94130 Obernzell
Germany
Tel.: +49 [0] 8591/ 937 200
e-mail: hjellbauer@vogt-electonic.com
end of message, (c)DGAP 07.03.2003
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WKN: 765933; ISIN: DE0007659336; Index:
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