Under the terms of the strategic manufacturing agreement, SMTC will provide Ficosa with a range of automotive electronics manufacturing services at SMTC's facility in Suzhou (China). These services will include manufacturing engineering support, PCBA (Printed Circuit Board Assembly) manufacturing, system integration, module assembly, and logistics services. Ficosa will also leverage SMTC's expertise in global supply chain management services by utilizing its well-established global network of material sourcing and supplier partners. Ficosa will contribute also in the development of SMTC as a supplier for the automotive industry
I expect the next stage in our evolution to occur in Europe, :Paul Bloom, Executive Vice-President and Chief Operating Officer at SMTC, told the Canadian Business Journal. "As we continue to grow, we have an eye on establishing a European offering and adding Europe more to the Global Footprint.