Nam Tai Electronics, Inc. - Introduction

Introduction

15/F., China Merchants Tower
Shun Tak Centre
168-200 Connaught Road Central
Hong Kong
Telephone: (852) 2341-0273
Fax: (852) 2263-1223
Web site: http://www.namtai.com

Public Company
Incorporated: 1975
Employees: 4,274
Sales: $406.3 million (2003)
Stock Exchanges: New York
Ticker Symbol: NTE
NAIC: 334412 Printed Circuit Board Manufacturing; 334111 Electronic Computer Manufacturing; 334419 Other Electronic Component Manufacturing

From its early days as a simple calculator manufacturer, Nam Tai Electronics, Inc. has developed into a supplier of components for a variety of large electronics companies. Since its founding in 1975, the company's business has grown as more and more manufacturers have begun outsourcing parts of the production process. Nam Tai's major customers, so-called "original equipment manufacturers" (OEMs) like Epson Precision, Texas Instruments, Canon, and Hitachi, retain responsibility for brand name promotion, product design, and marketing, while Nam Tai supplies components and subassemblies from its plant in Shenzhen, China. The company's major products include liquid crystal display monitors (LCDs) and radiofrequency modules for mobile phones, as well as LCD panels for a variety of other electronic products, flexible printed circuit assemblies, and finished products such as calculators, personal digital assistants, and electronic dictionaries. Although the company's manufacturing activities take place in southern China, Nam Tai was founded in Hong Kong, is incorporated in the British Virgin Islands, is traded on the New York Stock Exchange, has affiliated administrative offices in Vancouver, and counts many transplants from the Japanese electronics industry among its top executives.