Deswell Industries Acquires Equipment For Electronics And Plastics Divisions

  • Deswell Industries Inc DSWL acquired new manufacturing equipment at its electronics and plastics divisions.
  • It acquired two Panasonic SMT (Surface Mount Technology) placement systems for the electronic division for CNY2.6 million.
  • It also acquired two HaiTian new generation 800 tons injection molding machines with 2 Star Seiki high-speed five-axis servo robots for the plastic division for CNY2.8 million.
  • Deswell expects to install the new equipment at the respective manufacturing facilities in August 2021.
  • Deswell held $20.2 million in cash and equivalents as of Mar. 31, 2021.
  • Price action: DSWL shares traded lower by 0.48% at $4.77 on the last check Thursday.
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