SMTC Corporation Announces Plan to Exit China; Provides Updated Guidance for Fiscal 2019 and Provides Initial 2020 Guidance
(WorldNews Canada)

SMTC Corporation Announces Plan to Exit China; Provides Updated Guidance for Fiscal 2019 and Provides Initial 2020 Guidance September 19, 2019 TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) -- SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing services provider and winner of the Frost & Sullivan`s 2019 Best Practices Award for Customer Value Leadership in the Electronics Manufacturing Services Industry, today announced it plans to wind-down its Chinese manufacturing operations when its current Dongguan, China facility lease expires in December 2019. `Customer concerns about uncertainties relating to the prolonged impact of tariffs and macro-economic factors have caused a number of...