Strategic alliance with Siward
SIWARD was found in 1988 and is one of the world leading manufacturers in crystals and oscillators industry.
Siward Crystal Technology Group (Taiwan) and Jauch Quartz Group (Germany) have reached a strategic alliance agreement to set up a joint venture company in Singapore, Jauch & Siward Holdings Pte. Ltd., in order to handle the future development needs of both companies.
Jauch Quartz has been in business for over 50 years. Its annual sales in 2009 exceeded 50 million US dollars and they are one of the largest suppliers for quartz crystal devices in Europe. In addition to a fully automatic inventory control and distribution system, Jauch Quartz has established a Limited production capacity facility in Germany for timely delivery of samples to customers. The company is also equipped with a professional FAE team to offer local technical services and support. Industrial companies and automotive makers are the two major customer groups of Jauch Quartz in Europe and America.
Today, Jauch Quartz has its own production factories in Surabaya, Indonesia and Suzhou, China. The production factories in both countries conform to the TS-16949 standard required for the manufacturing of automotive parts. In view of Siward's advantage in new product development as well as in the operation and management of production factories, the two companies plan to integrate Jauch Quartz factory in Indonesia with Siward's factory in WuXi, China into the Jauch Suzhou factory as one production site for effective cost reduction in manufacturing and operation.
The strategic alliance agreement would further drive the business between the two companies to a new high in the coming years. Jauch Quartz expects to double its sale for Siward products within three years by reaching and selling to more customers in Europe through the support of Siward products.
In anticipation of the increasing demands in the domestic and international markets, Siward placed orders in late 2009 to purchase 7 million US dollars of production equipment to expand capacity. Some of the production equipment has already arrived in the Siward factory in Taiwan and more equipment is on the way. This additional capacity is expected to be ready for full production by the end of Q1, 2010.
Initially, Jauch Quartz and Siward will cooperate jointly under the framework of the strategic alliance agreement. In the future, as the market situation develops the two companies may pursue a wider scope of integration for better and stronger competitiveness. For more understanding about Siward, access to Siward website at http://www.siward.com is recommended.