Kalpana Kalpana (Editor)

SMTC Corporation

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Type  Public
Industry  Electronics
Founded  1985, Toronto, Canada
Traded as  NASDAQ: SMTX
Headquarters  Markham, Canada
Number of employees  2,300 (2012)
SMTC Corporation smtccomimagessmtclogogif
Key people  Sushil Dhiman (President and (CEO)
Products  Electronics manufacturing services
Revenue  US$ 296.3 Million USD (2012)
Stock price  SMTX (NASDAQ) US$ 1.40 +0.03 (+2.19%)24 Mar, 4:00 PM GMT-4 - Disclaimer
Subsidiaries  SMTC Mex Holdings, Inc, SMTC Nova Scotia Co
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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.

Contents

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
  • 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
  • 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.
  • 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.

    References

    SMTC Corporation Wikipedia


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