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"We see a lot of customers whose supply chain operations are Asia centric facing hard times in the recent COVID-19 situation," asserts Gates. Continuous disruptions in the geopolitical order have forced many organizations to rethink and re-design their business policies.
Over the years, Keytronic has successfully grown in the contract manufacturing space, catering to hundreds of different customers from several industries. The company offers complete product design, assists in completing designs with their client's engineering group and also provides expertise for re-designing to reduce overall production cost.
Keytronic firmly believes that each of their projects and clients is equally important and valuable. To further illustrate the company's capabilities, Gates highlighted a success story where one of their customers approached them to reduce production cost. The client visited many other companies, including large Tier I contract manufacturers, but couldn't find anyone that could meet their demands to maximize the overall results. Keytronic proposed to the prospective customer a complete re-design of their product, including metal forming and finishing, electronics, and assembly. The company helped its client save almost 40 percent of their current manufacturing cost.
With such capabilities, Keytronic's multiple plants in the U.S. and Mexico are growing rapidly as many of their customers are trying to shift their focus toward Keytronic from their current manufacturing service provider. "We have recently entered into the military aviation market with a couple of big customers. We are excited about it, as these programs are growing at a rapid pace," concludes Gates.
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Company
Keytronic (NASDAQ: KTCC)
Headquarters
Spokane Valley, WA
Management
Craig Gates, CEO
Description
The company offers value-added design and manufacturing services from its facilities in the U.S., Mexico, China, and a new facility in Vietnam. Keytronic was founded in 1969 as a OEM keyboard company and transformed itself in the late 90s into an industry leading EMS provider with a mission to provide a one-stop-shop to its clients for all their EMS needs and deliver superior customer service at a minimal price. Keytronic focuses on accounts with low to medium volumes and higher flexibility requirements and provides the cost benefits of several off-shore locations normally associated only with much larger contract manufacturers