SigmaTron International, Inc. through its subsidiaries, operates as an independent provider of electronic manufacturing services (EMS) and provides manufacturing and assembly services ranging from the assembly of individual components to the assembly and testing of box-build electronic products.
The company operates in one reportable segment, the EMS segment. The EMS segment includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electron...
SigmaTron International, Inc. through its subsidiaries, operates as an independent provider of electronic manufacturing services (EMS) and provides manufacturing and assembly services ranging from the assembly of individual components to the assembly and testing of box-build electronic products.
The company operates in one reportable segment, the EMS segment. The EMS segment includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products.
The company has the ability to produce assemblies requiring mechanical as well as electronic capabilities. This includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products. The products assembled by the company is then incorporated into finished products sold in various industries, particularly industrial electronics, consumer electronics and medical/life sciences. In some instances, the company manufactures and assembles the completed finished product for its customers.
In connection with the production of assembled products, the company provides services to its customers, including (1) automatic and manual assembly and testing of products; (2) material sourcing and procurement; (3) manufacturing and test engineering support; (4) design services; (5) warehousing and distribution services; (6) assistance in obtaining product approval from governmental and other regulatory bodies; and (7) compliance reporting. The company provides these manufacturing services through an international network of facilities located in the United States, Mexico, China, Vietnam and Taiwan.
The company has manufacturing facilities in Union City, California, U.S.; Acuna, Coahuila, Mexico; Chihuahua, Chihuahua, Mexico; and Tijuana, Baja California, Mexico; Suzhou, Jiangsu Province, China; and Bien Hoa City, Dong Nai Province, Vietnam. In addition, the company maintains an International Procurement Office and Compliance and Sustainability Center (IPO) in Taipei, Taiwan. The company also provides design services in its Elk Grove Village location and warehousing services in Del Rio, Texas, the U.S.; El Paso, Texas, the U.S.; its Elk Grove Village location; and San Diego, California, the U.S. The company has an information technology office in Taichung, Taiwan.
The company’s international footprint provides its customers with flexibility within the company to manufacture in China, Mexico, Vietnam or the U.S.
Products and Services
The company provides a broad range of electronic and electromechanical manufacturing related outsourcing solutions for its customers. These solutions incorporate the company’s knowledge and expertise in the EMS industry to provide its customers with an international network of manufacturing facilities, advanced manufacturing technologies, complete supply chain management, responsive and flexible customer service, as well as product design, test and engineering support. The company’s EMS solutions are available from inception of product concept through the ultimate delivery of a finished product. Such technologies and services include the following:
Manufacturing and Testing Services: The company’s core business is the assembly and testing of all types of electronic printed circuit board assemblies (PCBA) and often incorporating these PCBAs into electronic modules used in all types of devices and products that depend on electronics for their operation. This assembly work utilizes state of the art manufacturing and test equipment to deliver highly reliable products to the company’s customers. The company supports new product introduction (NPI), low volume/high mix as well as high volume/low mix assembly work at all levels of assembly and test complexity. From simple component assembly through the most complicated industry testing, the company offers services required to build the vast majority of electronic devices commercially required in the market today.
Design Services: To complement the manufacturing services it offers its customers, the company also offers design for manufacturability (DFM), and design for test (DFT) review services to help customers ensure that the products they have designed are optimized for production and testing. The company also offers complete product design services for certain markets.
Supply Chain Management: The company provides complete supply chain management for the procurement of components needed to build customers’ products. This includes the procurement and management of all types of electronic components and related mechanical parts such as plastics and metal. The company’s resources supporting this activity are provided both on a plant specific basis, as well as globally through its IPO in Taipei, Taiwan. Each of its sites is linked together using the same Enterprise Resource Planning (ERP) system and custom Iscore software tools with real-time on-line visibility for customer access. The company procures material from major manufacturers and distributors of electronic parts all over the world.
Warehousing and Distribution: The company provides both in-house and third-party warehousing, including in-bond warehouses, shipping, and customs brokerage for certain border crossings as part of its service offering. This includes international shipping, drop shipments to the end customer, as well as support of inventory optimization activities, such as kanban and consignment.
Government Compliance, Green, Sustainability, and Social Responsible Initiatives: The company supports initiatives that promote sustainability, green environment and social responsibility. The company helps its customers in achieving effective compliance. Those include, but are not limited to, Restrictions of Hazardous Substances (RoHS), Restriction of Chemicals (REACH) and Conflict Minerals regulations.
Manufacturing Locations and Certifications: The company’s manufacturing locations are strategically located to support its customers with locations in Elk Grove Village, Illinois U.S.; Union City, California U.S.; Acuna, Chihuahua and Tijuana, Mexico; Suzhou, China; and Bien Hoa City, Vietnam. Manufacturing certifications and registrations are location specific, and include ISO 9001:2015, ISO 14001:2004, ISO 14001:2015, IATF 16949:2016, Medical ISO 13485:2016 and FDB Certification and International Traffic in Arms Regulations (ITAR) certifications.
In addition, the company provided products, design and manufacturing services to the pet technology market through its former subsidiary, Wagz. Wagz offered electronic products such as the Freedom Smart Dog Collar, a wireless, geo-mapped fence, and wellness system, and apparel and accessories. It also sold its products online. The company sold a majority of its interest in Wagz on April 28, 2023, effective as of April 1, 2023. The company still owns a 19% interest in Wagz as a passive investment as of April 30, 2024. However, the company determined that due to financial uncertainty of Wagz after the company’s sale, the 19% ownership interest was fully reserved as of April 30, 2023.
The company sold its Elgin, Illinois property in February 2024, and moved all operations from Elgin to Elk Grove Village, Illinois.
Markets and Customers
The company’s customers are in the industrial electronics, consumer electronics and medical/life sciences industries. As of April 30, 2024, the company had approximately 130 active customers ranging from Fortune 500 companies to small, privately held enterprises.
For the fiscal year ended April 30, 2024, the company’s largest customer accounted for 13.1% of the company’s net sales.
As of April 30, 2024, approximately 43% of the total assets of the company is located in foreign jurisdictions outside the United States, 31% and 10% of the total assets were located in Mexico and China, respectively, and 2% in other foreign locations.
Sales and Marketing
Many of the members of the company’s senior management are actively involved in sales and marketing efforts, and the company has direct sales employees. The company also markets its services through independent manufacturers’ representative organizations that employ sales personnel in the United States and Canada. In addition, the company markets itself through its website and tradeshows. Wagz sold its products primarily online.
Governmental Regulations
The Company’s operations are subject to certain foreign government, the U.S. federal, state and local regulatory requirements relating to, among others, environmental, waste management, consumer, labor and health and safety matters. The company’s business is operated in compliance with all such regulations, which include European regulations known as Restriction of Hazardous Substances (“RoHS”) and Registration, Evaluation, Authorization and Restriction of Chemicals (“REACH”). From time-to-time the company's customers request REACH required information and certifications on the assemblies the Company manufactures for them.
History
SigmaTron International, Inc. was founded in 1993. The company was incorporated in 1993.
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