{"id":445,"date":"2016-07-11T17:00:29","date_gmt":"2016-07-11T09:00:29","guid":{"rendered":"http:\/\/hkmvc.mediazone.com.hk\/?p=445"},"modified":"2017-10-09T04:24:12","modified_gmt":"2017-10-09T04:24:12","slug":"rising-to-the-challenge-surface-mount-technology-ltd","status":"publish","type":"post","link":"https:\/\/www.mediazone.com.hk\/hkmvc\/2016\/07\/11\/rising-to-the-challenge-surface-mount-technology-ltd\/","title":{"rendered":"Rising to the Challenge! | SURFACE MOUNT TECHNOLOGY LTD"},"content":{"rendered":"<h2>Every great success requires some type of worthy struggle to get there. SMT is committed to provide customers with the highest quality, flexible and value added services, says Prof. CHAN of SURFACE MOUNT TECHNOLOGY LTD.<\/h2>\n<hr \/>\n<p><span style=\"color: #000000;\">Surface Mount Technology Limited (SMT) was founded by Professor Chan in 1986. Professor Chan had received first class honors for his studies in the bachelor\u2019s degree in Electrical Engineering, a doctoral degree and an honorary fellowship from Queen Mary and Westfield College, University of London in 1968, 1972 and 1998, respectively. <\/span><\/p>\n<p><span style=\"color: #000000;\">After graduating, he returned to Hong Kong for work and decided it was time to start his own business. He secured his first own career in the distribution of semiconductors and electronic components.<\/span><\/p>\n<p><span style=\"color: #000000;\">In the 1980s, there was a growing demand of electronics contract manufacturing services. Professor Chan has caught up with this demand by establishing his own company \u2013 SMT, mainly for the electronic manufacturing services.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cSince China established its opendoor policy in the late 1970s, the economies of Hong Kong and mainland China have become increasingly interdependent. In Guangdong Province, adjacent to Hong Kong, the Pearl River Delta provides the Hong Kong electronics industry with an abundant supply of cheap land, subsidized factory leases, and low-cost labor. In the 1990s, China has transformed into a \u2018World Factory\u2019. I took advantage of cheaper labour to set up the first manufacturing plant in Dongguan, China in 1992,\u201d says Chan. <\/span><\/p>\n<h3><span style=\"color: #000000;\">Measuring and Questioning <\/span><\/h3>\n<p><span style=\"color: #000000;\">\u201cThe rapid growth of the contract industry occurred in the 1990s. The early 1990s saw OEM\u2019s rapidly installing SMT lines. Throughout the 1990s, the EMS industry continued to outpace the rest of electronics industry. The Asian region is attractive because it is cost competitive, has a strong, well-developed supply base. Many electronics and telecommunications OEMs in Japan, South Korea, USA and Europe make use of contract manufacturers. By the mid-1990s the advantages of the EMS concept became compelling and OEMs began outsourcing printed circuit board assembly (PCBA) in large scale,\u201d Chan explains.<\/span><\/p>\n<p><span style=\"color: #000000;\">Prof Chan has set up factories in China to take advantage of its low-wage manufacturing labor and low overhead costs. <\/span><\/p>\n<p><span style=\"color: #000000;\">Facing pressure from global competition and rising costs of materials, SMT has been adopting the lean and green manufacturing concept and also made the shift to the digital factory that takes advantage of continuous real-time measurements and analysis and in-line quality inspections. The lean, green and digital manufacturing makes SMT more competitive. <\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cOur corporate DNA is &#8211; \u2018Measuring and Questioning\u2019. It is a long-term sustainable strategy. Measuring is not just a system of measurement. It relates with a relative comparison of entity performance of a peer group.\u201d <\/span><\/p>\n<h3><span style=\"color: #000000;\">Market Demands <\/span><\/h3>\n<p><span style=\"color: #000000;\">The global market for electronics contract manufacturing outlook become more challenging due to slow global growth. Outsourcing is still being driven by the needs of high-velocity OEM that seek the lowest cost. SMT provides customers with a total solution that extends far beyond traditional electronics manufacturing services. SMT combined capabilities along with the supply chain providing customers with maximum flexibility.<\/span><\/p>\n<p><span style=\"color: #000000;\">To experience and sustain rapid growth, Professor Chan created the sustainable business model. \u201cThe company must not be left behind and should build the unique characteristics which make it different from the other and to be a business game changer. So, it could be driven revenue and profit growth with innovation.\u201d<\/span><\/p>\n<h3><span style=\"color: #000000;\">Paving the Path <\/span><\/h3>\n<p><span style=\"color: #000000;\">SMT\u2019s success is built on the inspirational mottos,\u201d says Chan. Every great success requires some type of worthy struggle to get there. SMT is committed to provide customers with the highest quality, flexible and value added services.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cFlexibility means we are able to adjust to market demand. For example, before the crisis there were much longer lead times; now the lead-time from order to production has been shortened dramatically. Flexibility also means we are able to cope with market fluctuations. In terms of cost effectiveness, we are undertaking a rigorous and intensive cost reduction program, focusing on energy efficiency, effectiveness, and most importantly, quality,\u201d concludes Chan.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4570\" src=\"http:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2016\/07\/hkmvc17_SMT2-1.jpg\" alt=\"\" width=\"823\" height=\"344\" srcset=\"https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2016\/07\/hkmvc17_SMT2-1.jpg 823w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2016\/07\/hkmvc17_SMT2-1-600x251.jpg 600w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2016\/07\/hkmvc17_SMT2-1-300x125.jpg 300w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2016\/07\/hkmvc17_SMT2-1-768x321.jpg 768w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2016\/07\/hkmvc17_SMT2-1-450x188.jpg 450w\" sizes=\"auto, (max-width: 823px) 100vw, 823px\" \/><\/p>\n<p><span style=\"color: #000000;\">For additional information, please visit <a style=\"color: #000000;\" href=\"http:\/\/www.smthk.com\" target=\"_blank\" rel=\"noopener\"><strong>www.smthk.com<\/strong><\/a><\/span><\/p>\n<hr \/>\n<p>Hong Kong\u2019s Business Leaders share market and interest intelligence in the pages of HKMVC 2017<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every great success requires some type of worthy struggle to get there. SMT is committed to provide customers with the highest quality, flexible and value added services, says Prof. CHAN of SURFACE MOUNT TECHNOLOGY LTD. Surface Mount Technology Limited (SMT) was founded by Professor Chan in 1986. Professor Chan had received first class honors for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[217,120,58,57],"tags":[218,56],"class_list":["post-445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electronics","category-hkmvc-2017","category-hkmvc-awards","category-technology","tag-ems","tag-technology","dropcap-y","no-lazy-placeholder"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rising to the Challenge! | SURFACE MOUNT TECHNOLOGY LTD - Mediazone&#039;s Hong Kong&#039;s Most Valuable Companies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mediazone.com.hk\/hkmvc\/2016\/07\/11\/rising-to-the-challenge-surface-mount-technology-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising to the Challenge! | SURFACE MOUNT TECHNOLOGY LTD - Mediazone&#039;s Hong Kong&#039;s Most Valuable Companies\" \/>\n<meta property=\"og:description\" content=\"Every great success requires some type of worthy struggle to get there. SMT is committed to provide customers with the highest quality, flexible and value added services, says Prof. CHAN of SURFACE MOUNT TECHNOLOGY LTD. Surface Mount Technology Limited (SMT) was founded by Professor Chan in 1986. 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