With the Organisation for Economic Cooperation and Development (OECD) predicting the world economy would expand 3.3% in 2016, China reporting its cool down in its steamy economy growth and a strong dollar which hampered reported sales growth in 2015, and the US Federal Reserve voting to raise interest rates for the first time since 2006, executives throughout the electronics supply chain, including managers at OEMs, component suppliers and distributors are looking forward to a more prosperous 2016 as many have reported third quarter 2015 results that sales could have been higher by several percentage points if the dollar had stayed unchanged from the prior year.
Facing uncertainties which affected the global economy, due to poor demand visibility, geo-political conflicts in many parts of the world, currency challenges and other problems, many of them beyond the control of the electronics manufacturing arena, M-TEK entered 2015 with a compensation strategy which focused on factors which fall more under its direct control. Part of bucking the trend was for M-TEK to keep to its capital expenditure plan, enhance its dynamic manufacturing structure, focus on its customers, and to invest steadily in skill sets, machinery and systems.
As a result M-TEK increased automation across multiple functions of the company enabled by new Engineering and ERP tools, latest SMT-AOI-PTH assembly lines, and has strengthened its global partnership more effectively in order to benefit from greater purchasing leverage, while rationalising its supply chain and reducing its logistics carbon footprint, streamlining its business and engineering processes and introducing new value added services to its manufacturing and assembly portfolio to always deliver a service which meets the expectation of its customer base.
As a result of the above, M-TEK has been able to entertain and adapt to a changing landscape and capitalise on its efficiency to increase its intake of complex NPI’s, while entertaining an on-growing full turnkey range of mid to high volume products from a manufacturing, assembly and test perspective.
Peter Chetland, Trevor Izod and Frederick Kayrouz, respectively Directors and General Manager for M-TEK have communicated “We are enhancing our ongoing efficiency efforts, reducing our leadtimes to manufacture and increasing our engineering and global procurement capabilities to meet the most demanding challenges for UK Prototyping and mid to high volume manufacturing re-shoring requirements.”
M-TEK will be exhibiting at the Southern Manufacturing & Electronics Show from the 9th to the 11th of February 2016. Visit our stand and meet the team who will be pleased to address any prototyping, small, medium to volume assembly requirements you may have
About M-TEK ( Assembly ) Ltd:
M-TEK (Assembly) Ltd is a contract electronics manufacturing company (CEM) based in the South East of England in Berkshire, UK. For over 19 years, M-TEK has been providing its customers with quality electronics services by constantly assessing customer needs and requirements. From products’ Design for Manufacture (DfM) through to PCB assembly, cable harness manufacture and full box build, M-TEK has organically developed through investment in plant and personnel, offering a complete solution for electronics prototyping and assembly.
