TT Electronics in Chinese venture for precision resistors
TT UR Precision Resistors will address increasing technology and costs demands in resistor production by combining TT’s design engineering with UniRoyal’s high volume manufacturing in China. It wlll focus on thick-film, thin-film and metal-based resistors, will be registered in the UK and owned equally by both partners.
Manufacturing will be based at UniRoyal’s established site in Kunshan, China, for low cost volume production. The two companies have successfully cooperated for more than a decade, producing high-quality resistors for specific target markets such as automotive, industrial automation and white goods. The new joint venture will initially produce proven, higher-volume resistors currently supplied by UR to TT, and develop new products for strategic opportunities.
A range of new precision resistors, in thick-film, thin-film, and metal technologies is planned, with the first new products being available in 2019. These will be distributed by both companies.
“Our partner, UniRoyal, has complementary design and manufacturing strengths, and is well established in strategically important Asian markets,” said Tim Roberts EVP Sensors and Specialist Components at TT Electronics. “With the added value of TT’s advanced technical capabilities and worldwide distribution channels, we expect TT UR Precision Resistors to quickly become a leading supplier to global markets.”
“Building on our record of successful flourishing collaboration, this new joint venture combines our two companies’ best competencies more strongly than ever before,” said Tao Hao, CEO, UniRoyal. “Leveraging proven technical capabilities, organisational strengths and distribution infrastructures we will bring forward a range of superior-performing products, targeting exciting market opportunities.”
www.ttelectronics.com; www.uni-royal.cn
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