SMTC Corporation
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- This article is about SMTC Manufacturing Corporation of Canada, a publicly traded electronics manufacturer. For other uses, see SMTC.
| SMTC Manufacturing Corporation of Canada | |
|---|---|
| Type | Public NASDAQ: SMTX, TSX: SMX |
| Founded | Toronto, Ontario (1985) |
| Headquarters |  Markham, Ontario |
| Key people | John E. Caldwell (President and (CEO), Wayne McLeod (Chairman of the Board) |
| Industry | Electronics |
| Products | Electronics manufacturing services |
| Revenue | ▼$228.8 million USD (2005)[1] |
| Net income | ▼($0.1 million) USD (2005)[1] |
| Employees | 1350 (2005)[1] |
| Website | www.smtc.com |
SMTC Manufacturing Corporation of Canada (NASDAQ: SMTX, TSX: SMX) is a mid-size (Tier 2) diversified electronics manufacturing services (EMS) provider based in Toronto, Ontario. Operating in the United States, Canada, Mexico, and China, SMTC serves the computing, networking, industrial, and communications markets.[2] Corporate restructuring between 2001 and 2003 resulted in SMTC consolidating its operations, closing or selling numerous facilities.[3]
SMTC competitors include Celestica, Flextronics, Jabil Circuit, Sanmina-SCI, Solectron, Benchmark Electronics, Pemstar and Plexus, as well as numerous other smaller EMS providers.[1]
[edit] History
- 1985 - Surface Mount founded in Toronto, Ontario
- 1990 - HTM established in Denver, Colorado
- 1997 - acquires Ogden Atlantic Design in Charlotte, North Carolina
- July 1999 - merger of Surface Mount and HTM
- 1999 - purchased Zenith Electronics' facility in Chihuahua, Mexico, SMTC's only site with unionized employees[1]
- September 1999 - acquired W. F. Wood of Boston, Massachusetts
- July 2000 - acquired EMS company, Pensar Electronic Solutions of Appleton, Wisconsin
- July 21, 2000 - IPO
- November 2000 - acquired Qualtron Teoranta of Donegal, Ireland, and subsidiary in Haverhill, Massachusetts
- August 2003 - Sold EMS company, Pensar Electronics Solutions of Appleton, Wisconsin back to the original owners. The original owners decided to buy the company back after hearing plans that SMTC was planning on shutting the plant down.
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