ICAPE Group Diversifies Its Supply Sources and Invests in Its Factory Network
March 23 2023 - 1:10PM
Business Wire
Regulatory News:
ICAPE Group (ISIN code: FR001400A3Q3 - Ticker: ALICA)
(Paris:ALICA), a global technology distributor of printed circuit
boards ("PCB"), presents its sourcing strategy outside China, based
on the diversification of supply sources and the development of the
industrial assets.
Sourcing is one of the major strengths developed by ICAPE Group
over the years. With a network of Chinese factories composed of
more than 80 partners and a local service office with 250 employees
dedicated to the follow-up of its orders, quality control and
logistics, the Group is able to propose to its clients a global
support for the sourcing of all types of PCB technologies and
technical parts.
In a complex economic and geopolitical context, ensuring the
continuity of the supply chain, guaranteeing the prices and
controlling the deadlines requires excellent anticipation
abilities. Facing these challenges, ICAPE Group chose to adopt a
strategy of diversification of its supply sources. The first part
of this strategy involves the Group's sourcing department, in
charge of the research and approval of new factories outside China.
New production sites recently joined the list of vendors approved
by the Group, whether in South Korea, Taiwan, Thailand or even
Europe.
The second part of this strategy is based on the M&A policy
aiming at strengthening the internal offer of the ICAPE Group.
Three production factories have been acquired by the Group since
2021:
- Trax, located in Cape Town, South Africa. With a monthly
production capacity of 550m2, competitive pricing and 40 years of
industry experience; the factory offers a solid alternative for
orders in prototyping and in small series with tight deadlines; -
the MMAB Group factory, acquired in 2022, located in Malm�, Sweden.
Founded in 1970, the factory is recognized for its production
quality in the Scandinavian region with monthly capacities of up to
500m2 for quality certified rigid multilayer technologies; - the
FIMOR Electronics production factory, acquired in 2023 and located
in France, is specialized in the manufacturing of membrane
keyboards, front panels, prototypes and small series. It will
strengthen the offer of CIPEM, the Group subsidiary dedicated to
the supply of technical parts.
Cyril CALVIGNAC, ICAPE Group’s CEO, stated: " Sourcing is
a major issue in our industry and it is essential that we secure
local alternatives to better adapt to our customers' expectations.
By selecting new partners outside China and investing in our own
production factories, using our existing resources, we will be able
to respond more quickly to the demands of the many sectors we
address. Beyond the strength of our partnerships in China, we are
also proud to be able to rely on our new factories in Europe and
Africa to secure and diversify our supply sources. "
About ICAPE Group
Founded in 1999, ICAPE Group acts as a key technological expert
in the PCB supply chain. With a global network of 36 subsidiaries
and a major presence in China, where most of the world’s PCB
production is done, the Group is a one-stop-shop provider for the
products and services which are essentials for customers. As of
December 31, 2022, ICAPE Group recorded a consolidated revenue of
nearly €220 million.
For more information: icape-group.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230323005632/en/
ICAPE Group CFO Shora Rokni Tel: +33 1 58 18 39 10
investor@icape.fr
Investor Relations NewCap Nicolas Fossiez
Louis-Victor Delouvrier Tel: +33 1 44 71 94 98 icape@newcap.eu
Media relations NewCap Arthur Rouillé Antoine
Pacquier Tel: +33 01 44 71 94 94 icape@newcap.eu
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