Schweizer Electronic and Ascent Circuits Plan Strategic Indo-German PCB Cooperation

Schweizer Electronic AG and IL JIN Electronics (India) Pvt. Limited, part of the Amber Group, intend to enter into a strategic cooperation in the field of printed circuit boards. IL JIN Electronics operates its bare PCB business through its subsidiaries, with the cooperation specifically focussed on Ascent Circuits.

The planned cooperation will combine Schweizer's long-standing experience in automotive and industrial PCB applications with Ascent Circuits' manufacturing footprint and expansion plans in India. It will create additional value for customers in European and US region by strengthening supply-chain resilience, broadening sourcing options and preparing a structured path toward future technology capabilities.

In the first phase, the partners will focus on selected standard automotive and industrial PCB applications based on existing manufacturing capabilities. In parallel, the cooperation will prepare a step-by-step roadmap toward more complex multilayer and HDI applications as future Indian capacities become available.

A key element of the cooperation will be the alignment of customer requirements, technical capabilities, capacity needs and commercial competitiveness. High quality, qualification and process standards will also play an important role in order to meet the expectations of demanding automotive and industrial customers.

The partners also intend to evaluate selected future growth areas in other industries where the cooperation can create long-term customer value.

The cooperation reflects the increasing importance of diversified, reliable and geopolitically resilient supply chains in the global electronics industry. For customers, it will oƯer additional options in a changing market environment. For both companies, it represents an opportunity to combine complementary strengths and build a scalable platform for future growth.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 7660.30 as compared to the previous close of Rs. 7843.15. The total number of shares traded during the day was 9142 in over 1885 trades.

The stock hit an intraday high of Rs. 7934.95 and intraday low of 7650.00. The net turnover during the day was Rs. 71269344.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ConsumerElectronics SchweizerElectronicAG ILJINElectronicsIndia PCB