SAN JOSE -- SMTC expects to complete the shutdown of its EMS plant in Suzhou by the end of the current quarter, company executives said this week.

The company has been undergoing a global restructuring to bring costs in line with its lower revenue, which has fallen from over $200 million annually to a run rate of around $135 million. About 180 employees have been laid off in the transition.

"The closure of our Suzhou facility is expected to be substantially completed during the third quarter. The process of closing Suzhou facility included the transfer of customers to our other manufacturing facilities. The final production extended into July; however, this transition has been executed by our team effectively, and I do not anticipate any subsequent delays," said SMTC president and chief executive Eddie Smith.

"The company has engaged with several manufacturing representative firms in different regions, which represents an additional sales channel to accelerate our growth with limited up-front fixed costs. These relationships have already resulted in new quotes and new customers, which we anticipate will generate revenue by the end of 2017.... While I do not expect substantial change in revenue next quarter, I do expect to be EBITDA-positive. I'm excited about the prospects in expanding our sales funnel with both new and existing customers."

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