Amber Group inks MoU with South Korea's Korea Circuit, a YoungPoong group co.

The Amber group, a diversified B2B company having three business verticals; Consumer Durables, Electronics (EMS) and Railway Subsystems & Mobility, has entered into a MoU with South Korea's, Korea Circuit, a YoungPoong group co., through its recent venture Ascent Circuits.

This will enhance the capability of Ascent Circuits (Amber) for providing solutions to Mobile & Semiconductor industry. This association between Amber and Korea Circuit will envelop the entire portfolio of PCBs required for various applications in India's Electronics manufacturing growth story i.e HDI, Flex, Semiconductor substrate, Multilayer, Double sided, Single sided.

Korea Circuit is the pioneer of the Korean PCB industry and has seen the development of Korea's electronics industry as an expert in the production of PCB for the past 45 years. Armed with stateof-the-art technology, it has developed PCB solutions viz. HDI, Flex, Semiconductor substrates, Multilayer, Double sided & Single sided PCBs, with applications ranging from Mobile, IT, Semiconductors, Home appliances, Consumer electronics, Aerospace & Defence, Medical, Energy solutions, Automotive, Telecom, Data Centres etc.

This association will assist Korea Circuit to provide solution to major customers in India giving Korea Circuit a competitive advantage in the Indian market and help to grow its business. The MOU between Korea Circuit and Ascent Circuits (Amber) is a significant step for Korea Circuit's expansion into the Indian market. It will allow Korea Circuit to meet the growing demand in India for electronics and provide its customers with a reliable and efficient supply chain.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 3651.05 as compared to the previous close of Rs. 3707.20. The total number of shares traded during the day was 8585 in over 1698 trades.

The stock hit an intraday high of Rs. 3871.80 and intraday low of 3598.20. The net turnover during the day was Rs. 32025749.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 MoU SouthKorea KoreaCircuit YoungPoongGroupCo