NEPCON Manufacturing Technologies Launches Electronic Packaging Plant in Romania - Neprom Technology
Yavne, Israel (PRWEB) October 17, 2007 -- Israel-based NEPCON Manufacturing Technologies, a leading prime contractor of Electronic Manufacturing Services for OEMs, announced it has recently completed the construction of a new manufacturing facility in Romania, as a joint venture with Electortel, a local company.
NEPCON, which specializes in contract manufacturing and TK solutions for the high-tech and electronics industries, invested $1 million in setting up the advanced 1,500 square meter plant, located in the city of Alexandria, south of Bucharest and close to the border with Bulgaria. The Company intends this new facility to spearhead its European operations and to help facilitate its entry into new markets in the region. The plant will employ 50 workers during its first year of operation, bringing much needed high-tech jobs to the area.
Eastern Europe is rapidly becoming an important manufacturing location for Electronic Manufacturing Services (EMS) providers. With electronic system production revenues expected to rise at a compound annual growth rate (CAGR) of 10.2% from 2005 through 2010, compared to a negative 2.4% CAGR for the rest of Europe during the same period, according to market researcher iSuppli, many leading EMS suppliers are moving key operations to the region.
EMS companies have been operating in countries like Poland, the Czech Republic and Hungary for several years, however lower labor costs are drawing many of them to Romania, where labor costs are 70% less than in other European countries.
NEPCON CEO Shimon Cohen says the decision to invest in Romania was due to the country's recent accession to the European Union, its high-quality well-educated work force, and its competitive wage levels, which together make Romania an ideal entry point into Europe. NEPCON is confident in the success of the new plant and in its contribution to the Company's European operations, Cohen added.
Headquartered in Yavne, Israel, NEPCON Manufacturing Technologies is a leading contract manufacturer offering TK solutions to its clientele comprised of leading technology companies in the fields of electronics, digital print, electro-optics, mechanics and the defense industry. For more information about NEPCON Manufacturing Technologies visit http://www.nepcon.co.il
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