Sparton Corp. increases business in Vietnam
Date: 5/19/2009 5:35:01 PM
The U.S.-based Sparton Corporation is increasing business in its Vietnamese subsidiary, Spartronics Vietnam, through new market growth and installation of more equipment to boost production, the corporation’s top executive said on Thursday (14 May 2009).
Cary B. Wood, president and CEO of parent company Sparton Corp. and also general director of Spartronics Vietnam, told the Daily that more investment would be made for Spartronics Vietnam to expand its manufacturing scope.
Wood and other senior managers of the parent firm were visiting the Vietnam subsidiary in Binh Duong Province to review operations and to meet with his team to discuss future programs in Vietnam.
Spartronics Vietnam, housed in a new 5,500 square-meter plant at the Vietnam-Singapore Industrial Park (VSIP) in the southern province, manufactures and assembles printed circuit boards, enclosures and black box solutions in various electronic segments.
The only facility of the corporation in Asia, Spartronics Vietnam is an electronics manufacturing service provider, with a focus on the aerospace, transportation, communications, industrial and medical industries. All of the products made in Vietnam of the corporation have been exported, Wood said.
The parent firm has closed down a plant stateside and transferred equipment and production lines to the Vietnam subsidiary, according to Wood
“We’ve been fortunate to have expanded manufacturing at Spartronics Vietnam because it makes sense logistically and economically for us and for our customers,” he said in a statement.
Wood added: “We’ve worked diligently to ensure that we provide our customers with the highest quality electronics at the lowest cost, regardless of where they’re produced. It’s part of our continuing effort to ensure the viability of our company in the near-and long-term.”
Sparton Corporation has also appointed Drew Richmond as deputy general director to oversee the day-to-day operations at Spartronics Vietnam. Richmond previously served in the capacity of vice president for business development at Sparton of Canada, Ltd.
The company has previously stated its facility in Jackson City, Michigan State in the U.S. will be closed down in June, and facilities there are being shipped to Vietnam. “We’re already well underway with the transfer of production to Vietnam… using advanced product planning tools to ensure a smooth transition,” added Wood. Spartronics Vietnam on Thursday also marked four years operation.
Sparton Corporation, established 109 years ago, is a broad-based provider of electronics to technology-driven companies in diverse markets. The corporation provides its customers with sophisticated electronic and electromechanical products. Headquartered in Jackson City, Michigan, Sparton currently has five manufacturing locations worldwide.
(Source:SGT)