-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
HansaMatrix Receives €10M Financing from EIB
December 6, 2018 | Globe NewswireEstimated reading time: 2 minutes
The EIB has signed a EUR 10 million financing agreement with AS HansaMatrix of Latvia, to expand its manufacturing capacity and build a more all-round business model. The facility is made possible by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, and was supported in the initial stages by Latvian investment agency ALTUM.
The financing will support HansaMatrix’ ongoing growth strategy and the ongoing shift from manufacturing towards offering a full range of services, including value added design, engineering and aftermarket services. The financing will also help the company boost its research and development activities, as well as advance its “LightSpace Technologies” 3D-image display technology. All investments will be located in Latvia, at the company's existing sites near Riga, Pārogre and Ventspils.
“Today is a great day as we’re financing the first private sector project in Latvia with the support of the Juncker Plan, which I also think is a great signal about - and towards - the market. For the Bank, innovation has been a top priority for some time now, and it’s great to see yet another example of cutting-edge technology business coming from a Baltic country,” said EIB’s Vice President Alexander Stubb.
"I'm pleased to see that the financing under the Juncker Plan is going now also to the private companies of the manufacturing sector. I hope that more Latvian companies follow the same example soon, as the Juncker Plan represents an opportunity for businesses to get access to much needed finance, launch new products and expand beyond their local markets," commented European Commission Vice-President Valdis Dombrovskis.
“Our long voyage with the EIB team reaches completion today with this excellent event – the signing of a financing agreement. We are proud to be recognized by the EIB for being innovative and worthwhile to invest in. The results that made this possible are due to the motivated work of the whole HansaMatrix team, with a contribution from every team member. And I wish today to say thank you to every single HansaMatrix employee,” HansaMatrix CEO Ilmars Osmanis added.
Latvia currently ranks sixth in the EU in terms of investments triggered by the EFSI relative to GDP, with already a number of deals signed with financial intermediaries or public bodies. This investment is the first EFSI financing to a corporate company in the country.
The investment project is expected to contribute to the further development of Latvian industrial sector and the creation of skilled jobs. As the EIB financing can only cover up to 50% of any project, the funding is to be complemented with AS HansaMatrix own capital, commercial bank lending and EU funds grants.
Suggested Items
Real Time with… IPC APEX EXPO 2024: Tools, Training, and Trends in Manufacturing Engineering
04/25/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and Product Specialist Erik Bateham of Polar Instruments discuss Polar's latest technology, including their role in aiding manufacturing engineers. They highlight the advanced capabilities of Polar's tools and the critical role of signal integrity analysis, as well as the importance of accurate modeling in board manufacturing. Polar's unique training approach and demonstration contact details are also explored.
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.