Asset Management
Technology Transfer
In 2009, we learned Sony planned to liquidate their LCD TV plant in Mexicali, Mexico. Several auctioneers and liquidators were already negotiating, meaning we were late to the table. We presented Sony with our specialized EMS expertise, global reach, and the financial advantages of a consignment program.
Sony awarded us the consignment of the entire plant — including 30 SMT lines — on a 90-day contract. Just 30 days later, Sony’s sister plant in Tijuana was acquired by Foxconn as part of their decision to end TV manufacturing in North America.
Consignment
Sony invoked a contract clause requesting we purchase the equipment we had been handling on consignment, requiring us to finance the deal at short notice. We had already begun discussions with the Indian conglomerate Videocon, who were seeking to establish an LCD TV plant to serve India’s rapidly expanding middle class. Much of the equipment was placed with Videocon as part of a larger technology transfer program.
Experts
Tekmart assembled a team of former Sony employees alongside our own engineers, technicians, and logistics experts. This team was contracted to Videocon for six months to set up the new plant in Aurangabad, India.
Results
The combined expertise accelerated Videocon’s time to market by rapidly implementing production lines, quality assurance systems, supply chains, and training programs. Their smooth market entry secured a foothold in a booming industry, while we earned a strong and timely return on our investment.