Deswell Announces Acquisition of New Manufacturing Equipment
17 Giugno 2021 - 4:42PM
Business Wire
Deswell Industries, Inc. (Nasdaq: DSWL) (“Deswell” or the
“Company”) today announced the purchase of new manufacturing
equipment at both its electronics and plastics divisions. The
Company expects to install the new equipment at the respective
manufacturing facilities in August 2021.
Purchase Month
Equipment
Amount
Estimated installation date
February 2021
Two Panasonic SMT (Surface Mount
Technology) placement systems for the electronic division
CNY2.6Million
August 2021
May 2021
Two HaiTian new generation 800 tons
injection molding machines with 2 Star Seiki high speed 5 axis
servo robots for the plastic division
CNY2.8Million
August 2021
“We are pleased to announce the addition of new state-of-the-art
manufacturing equipment for both of our operating divisions,”
stated Edward So, CEO of Deswell Industries. “Strategic capital
investments such as these are important as we continue to execute
our long term growth strategy and enhance our position as a
reliable manufacturing partner for both existing and new
customers.”
About Deswell
Deswell manufactures injection-molded plastic parts and
components, electronic products and subassemblies, and metallic
molds and accessory parts for original equipment manufacturers
(“OEMs”) and contract manufacturers at its factories in the
People’s Republic of China. The Company produces a wide variety of
plastic parts and components used in the manufacture of consumer
and industrial products; printed circuit board assemblies using
surface mount (“SMT”) and finished products such as telephones,
professional audio equipment, home audio products, and
Internet-of-Things (IoT) products.
To learn more about Deswell Industries, Inc., please visit the
Company’s website at www.deswell.com.
Forward-Looking Statements
Statements in this press release that are "forward-looking
statements" are based on current expectations and assumptions that
are subject to risks and uncertainties. For example, our statements
regarding our expected growth in sales from the electronic division
in the coming year and our efforts to reduce overhead costs in our
plastic division are forward-looking statements. Actual results
could differ materially because of the following factors, among
others, which may cause revenues and income to fall short of
anticipated levels or our overhead expenses to increase: our
dependence on a few major customers; vigorous competition forcing
product price reductions or discounts; the timing and amount of
significant orders from our relatively few significant customers;
continuing increases in resin prices that cannot be passed on to
customers; unexpected production delays; obsolete inventory or
product returns; losses resulting from fraudulent activity of our
customers or employees; labor shortages that increase labor and
costs; changes in the mix of product products we manufacture and
sell; adverse currency fluctuations in the Renminbi and Hong Kong
dollar when translated to US dollars; potential new accounting
pronouncements; and the effects of travel restrictions and
quarantines associated with major health problems, such as the
Severe Acute Respiratory Syndrome, on general economic
activity.
For further information regarding risks and uncertainties
associated with the Company’s business, please refer to the “Risk
Factors” section of Company’s Annual Report on Form 20-F, copies of
which may be obtained from the Website maintained by the Securities
and Exchange Commission at http://www.sec.gov.
All information in this release is made as of the date of this
press release. Deswell undertakes no duty to update any
forward-looking statement to conform the statement to actual
results or changes in Deswell’s expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210617005621/en/
Investor Relations Contact: John Nesbett/Jennifer
Belodeau IMS Investor Relations 203.972.9200
Grafico Azioni Deswell Industries (NASDAQ:DSWL)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Deswell Industries (NASDAQ:DSWL)
Storico
Da Giu 2023 a Giu 2024