Elektrotryck, said to be the largest PCB fabricator in Sweden, has declared bankruptcy. The company said a large increase in orders wasn't enough to avoid the filing.

"To survive through the summer holidays we needed a larger billing that we now have managed therefore we now have to take this step", Elektrotryck's owner and CEO Anders Björsell reportedly told an online journal. "Hopefully a solution can be found that would lead to that the business will continue which would be great for the Swedish industry."

Elektrotryck suppliers telecom equipment to Nordic OEMs. The company is said to supply about 25% of Sweden's bare boards. The company was founded 40- years ago.

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