HONG KONG – SMT Holdings will undergo a reorganization ordered by its board in an attempt to turn around the electronics manufacturing services company.
 
The EMS company has entered exclusive negotiations with a potential investor for a restructuring proposal. The investor has not been disclosed, and SMT Holdings said it would withhold further comment until an agreement has been reached.
 
SMT Holdings is a Top 50 contract assembler per the CIRCUITS ASSEMBLY Top 50, but its sales dropped dramatically from 2008 to 2009, and even a rebound in 2010 hasn’t stemmed the losses. It was placed on the Singapore Exchange watch list, and its market capitalization slid to about S$5 million.
 
The company operates four SMT plants in China.

BANNOCKBURN, IL – IPC will begin development of a data exchange standard to help the electronics manufacturing industry comply with forthcoming US Securities and Exchange Commission regulations on conflict minerals.

JASPER, IN -- Top 20 EMS firm Kimball International today reported fiscal fourth-quarter sales in its EMS segment fell 13% year-over-year to $163 million on lower demand for automotive products.