Citation
(2002), "PCB007: record transaction of $19 Million USD", Circuit World, Vol. 28 No. 4. https://doi.org/10.1108/cw.2002.21728dab.018
Publisher
:Emerald Group Publishing Limited
Copyright © 2002, MCB UP Limited
PCB007: record transaction of $19 Million USD
PCB007 has announced a record transaction of $19 Million USD being conducted on its web site. Olivier Cadic CEO of Info-Elec Ltd owners of PCB007 stated "This places the company on target to achieve its predicted liquidity level of $100 Million USD in 2002"'.
Businesses' take up of e-commerce to procure their PCB needs has been very slow as companies fought to stay competitive/alive in an electronics global market that has been in recession for the last twelve months, and in addition to come to terms with doing business via the Internet.
This transaction by one of the worlds largest EMS (Electronic Manufacturing Services) companies for high layer count PCBs, proves that e-commerce is now emerging as one of the most cost effective ways of doing business in today's turbulent global market place. Purchasing via the Internet helps companies to achieve their aims of: increasing market reach, speeding up business transactions, and importantly in today's challenging market reducing costs.
The transaction conducted on www.pcb007.com is the direct result of the successful launch and implementation of its Key Partner Programme (KPP) in May last year, specifically designed to assist the major companies to embrace e-commerce as the 21st centuries way of doing business.
This record transaction proves that e-commerce is back on track as industry begins to embrace this new way of doing business, a ramp up is predicted during 2002.