Wong's Intl's EMS Sales Take Dive PDF Print E-mail
Written by Mike Buetow   
Wednesday, 10 April 2013 12:39

HONG KONG -- Wong's International Holdings reported 2012 EMS revenues fell 15.3% year-over-year to HK$3.3 billion ($425 million).

Sales revenues for the contract printed circuit board assembler's Shajing factory in Shenzhen dropped by 20.5%, while its factory at Suzhou decreased 1.9%, compared to the same period in 2011. The decrease in the overall sales at the EMS Division was largely driven by reduction in demand of electronic products from their customers, as a result of the protracted downturn in global economy.
 
The EMS segment profit was HK$90.4 million, down 45.2% from 2011.
 
Wong's said it would take tighter controls on inventory and manufacturing costs to improve operational efficiency, and focus on providing more value-added engineering services.
 
Wong's ODM division reported its revenue of HK$50.5 million, up 93.4% increase from 2011. The segment lost HK$6.9 million, an improvement from a loss of HK$8.2 million in 2011. The increase was mainly due to higher sales by iCarte for Apple iPhone to South Korea, Australia, Europe and the US
 
Ed: 1 HKD = 0.128819 USD

 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...