Tekmart Completes TTM Technologies Global Asset Redeployment Project
Jan 10, 2017
Tekmart International, a global capital asset management firm catering to the world’s top EMS and OEM companies, has successfully completed an 8-month engagement with TTM Technologies managing the complete transfer and redeployment of its Juarez, Mexico, manufacturing capacity across multiple US and China plant locations.
Following the merger of TTM Technologies, a global leader in advanced PCB products, with rival Viasystems beginning in 2015, the subsequent restructuring plan called for the transfer of the TTM’s Juarez site’s production to TTM locations in Connecticut, Illinois, Wisconsin and two locations in China. The resulting TTM factory redeployment project was awarded to Tekmart in Q2 2016 following cessation of the Juarez plant operation which was formerly TTM’s largest manufacturing centre in North America.
Tekmart worked closely with TTM’s Tony Princiotta, President of the multinational’s electro-mechanical solutions division, and lent its two decades of commercial expertise in international logistics, customs negotiation, and engineering competencies to ensure TTM’s assets were delivered safely, on schedule and within budget to their 5 respective destinations across the US and China.
“It was critical while the restructuring was in process that TTM continued to offer its clients uninterrupted service. In a project like this you need a partner with engineering expertise, international logistics depth, reliability and the highest standards of quality in project management. Tekmart played an important role in the comprehensive amalgamation plan by allowing TTM to focus their energy on their customers, rather than the burden of transitioning thousands of factory assets around the globe”, said Tekmart’s senior project manager, Kai Chang, who lead a dedicated, multilingual and multi-disciplinary team spanning three countries to provide an end-to-end factory transfer service to TTM.
“When we bid on this contract our distinct advantage in gaining TTM’s confidence came from the fact that none of the other competing vendors could offer the same level of firsthand expertise across the various deliverables all under one roof. We take great pride in being selected by a market leading multi-billion dollar customer like TTM for this assignment and our regional teams in Mexico, USA and China rose to the challenges involved in providing the tailored solution TTM required.”
Chang went on to describe the tasks involved, “Our team catalogued, audited and appraised thousands of capital assets. Our engineers decommissioned the production equipment and packaged these assets for specialized export which included SMT production lines and oversized metal working plant machinery. In addition to the physical preparations involved, this project also leveraged our deep experience in navigating the complexities of Mexico Maquiladora export procedures as well as the lengthy China Customs compliance processes on the import of pre-owned manufacturing machinery.
These activities are not new to Tekmart which has played a role in multiple technology transfer and surplus asset management projects since the late 1990’s. “We count Sony, Microsoft, Foxconn, Toshiba, and General Motors among many of our satisfied clients”, said Chang, who also managed the company’s acquisition of Nokia’s Korea factory in 2014.
While Tekmart has previously supported hundreds of clients with isolated asset management services in previous years, the comprehensive TTM project reinforces the scope of major projects it is capable of undertaking at the international level. With the successful conclusion of this large scale TTM project, Tekmart will be offering similar complete turnkey plant transfer solutions to its broader customer base of multinational industrial manufacturers moving forward in 2017.