Swedish Note has won a new customer in China. The customer is a company in cutting and welding where Note will manufacture PCBA for existing and future product generations.
The plan is to start serial production in 2022, a press release reads. The partnership is thought to have a good potential and is estimated to amount to a value of approximately SEK 70 million (EUR 6.7 million) per year within a few years.
Note continues to develop strongly with very high growth and increased profitability. This customer is one of several new customers our plant in China has managed to win in 2022. It is gratifying to see that our latest market investments in China are yielding results”, says Johannes Lind-Widestam, CEO and President.
Manufacturing will initially take place at Note’s plant in China.