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Cicor Group takes another important step in the implementation of its growth strategy: The production capacities in Thuan An City (Vietnam) are significantly expanded to serve the increased demand of existing and newly acquired customers.
As part of its strategy, Cicor has been pursuing organic growth for years, resulting in a robust pipeline of new business. For example, Cicor was recently appointed as the first strategic supplier for electronics manufacturing by a major industrial technology manufacturer in the DACH region, leading to additional business as from 2023.
To realize above market growth, Cicor is expanding capacity at its Thuan An City (Vietnam) site. For this purpose, the Cicor Group is acquiring an established electronics production facility in the immediate vicinity of the existing Cicor factory and doubling its production space in the Vietnam Singapore Industrial Park 1, near Ho Chi Minh City, to around 14,000 square meters. At the same time, Cicor is strengthening the Vietnam site by establishing an engineering team that will work in close coordination with the R&D team at the Bronschhofen (Switzerland) site to meet the fast-growing customer demand for the development of high-quality electronics.
The investment volume in the mid-single-digit million Swiss franc range will be financed within the regular investment budget. The site is scheduled to be operational in the fourth quarter of 2022. This will give Cicor the capacity to realize annual sales of more than CHF 400 million including the acquired Axis Electronics (Bedford, UK) and SMT Elektronik (Dresden, Germany).
Pete Starkey, I-Connect007
As we stepped out of the hotel into the drizzling rain, we were relieved that it wasn’t snow. Looking down the escalator into the U2 platform in Munich’s Hauptbahnhof central station early on the morning of Tuesday, Nov. 15 and observing the mass of humanity pushing and shoving to cram into trains to the exhibition centre, it appeared that a significant proportion of the international electronics industry had gathered to attend electronica 2022, co-located with SEMICON Europa and recognised as the world’s leading trade fair and conference for electronics.
Nolan Johnson, I-Connect007
The productronica/electronica pairing of trade shows is an experience unlike any other; anyone who has ever attended is likely to back me up on that claim. This year’s iteration of electronica, taking place in Messe Munich, Nov. 15-18, is no exception. I-Connect007 was onsite to gather the news and share our impressions of the show. First, the show’s attendance was rumored to be in the 60,000+ range. This number sure seemed to be reasonable given the crowd sizes we witnessed.
Andy Shaughnessy, Design007 Magazine
It’s officially fall now, and in Atlanta the temperature has plummeted to the mid-80s. We’ve all bumped our air conditioners up to 74 degrees. That means it’s trade show season, and I’ve been busy looking for my suitcase. This week, we have an assortment of news about associations, education, and advocacy, as well as another installment of our Printed Electronics Roundtable. And if you’re looking for a job, you are in luck; our jobConnect007 section is chock-full of open positions at all levels in this industry.