Company History

Europtronic Group Ltd was formed in 2001 as it was preparing for IPO on the Singapore Stock Exchange in 2002. Founded in 1977 as a trading company of electronic devices, Europtronic has since expanded into consumer electronics, information technology and industrial sectors. To tap into the Chinese market, Europtronic set up a logistic hub in Hong Kong to serve its customers in the PRC. In 1999, it established its first manufacturing facility in Shenzhen Free Trade Zone. In 2001, the second production base in Suzhou was set up to boost its production capacity and better connect with its customer base in northern China. In the same year, Europtronic acquired a distribution company in Singapore to sell specialized passive components to customers in the medical devices industry.

In April 2002, Europtronic listed on the Singapore Stock Exchange. That same year, it acquired its second distribution business in Singapore and China that had an exclusive arrangement with a Switzerland based crystal manufacturer to sell crystals to the mobile phone, digital watch and other smart application devices. To envision a one-stop components solution to its customers, Europtronic undertook several efforts to increase its product range, including an acquisition of a factory in Taiwan in 2006 to add inductors to its product portfolio; and set up a R&D center in Suzhou to design film capacitors for the automotive and industrial markets. In addition, Europtronic secured a long-term OEM contract with a renowned US based passive components manufacturer.

Owing to Europtronic’s exponential growth in revenue and profits, it was ranked 12th in “50 fastest growing companies in Singapore” in 2006. It was also a winner of “Singapore 1000 Awards” from 2006 to 2008.

In 2015, concerns were expressed on the continuity in the factory operations, as Europtronic’s major partnering banks were withdrawing banking facilities due to their prudence in reducing exposure in certain sectors, as well as the shrinkage of overall banking facility in the market. This had severe impact on Europtronic’s cash flow situations and caused stress on obtaining critical raw materials for its production. The distribution business had been profitable, but not enough to cover corporate overheads and support the manufacturing business. Research and development investment in manufacturing was low, which impacted Europtronic’s agility to meet market changes.

Subsequently in July 2016, a strategic decision was made to sell the majority of Europtronic’s manufacturing business to a public company in China. After which, Europtronic streamlined its business to distributing electronic components and investment. In Sep 2018, Europtronic was delisted from Singapore Mainboard. After the de-listing, Europtronic has been stepping up its efforts to consolidate its business and be selective in its product portfolios. The new and updated product ranges are more focused to target at specific market segments. In line with this transformation, Europtronic continues to divest its none-core assets and optimize operations to focus on new business and investments.

Timeline

Founded in Taiwan.

Relocation of corporate headquarters to Singapore.

Set up a logistics hub in Hong Kong.

Shenzhen factory began production.

Set up UK rep office.

Received AVX Kyocera franchise in Singapore.

Suzhou factory began production.

Acquired UPT Component.

Received Sharp franchise.

Publicly-listed on SGX, raising S$16.9 million.

Raised S$15 million via private placement.

Established UPT Component Shanghai office.

Acquired Crypson Electronics.

Received Micro C franchise in China.

Associated Company: Eucon Holding Limited listed on SGX.

Acquired 77.6% of Housing Technology Corp.

Winner of "50 Fastest Growing Companies".

Winner of "Singapore 1000 Company" Awards. (2006 – 2008)

Incorporated Europtronic Green Energy.

UPT Crypson Component Shanghai received ISO 9001.

Received Samsung distributorship.

Raised S$8.3 million via Rights Issue exercise.

Suzhou factory attained ISO/TS 16949 Certification.

Suzhou factory attained QC 080000 Certification.

Incorporated Europtronic South East Asia Co., Ltd in Thailand.

Included in Deloitte Technology Fast 500 Asia Pacific 2011 Ranking Programme.

Investment Company: Tecstar Technology Co., Ltd filed for IPO on TWSE.

Divest distribution business in SEA.

Consolidate product lines in PRC.

Europtronic Group Ltd successfully issued 157,288,000 new shares and raised SGD 2.98m.

Europtronic Group Ltd entered sales & purchase agreement with Nantong Jianghai Capacitor Co., Ltd

In January, Europtronic transferred its Suzhou factory Nantong Jianghai Capacitor Co., Ltd

In Sep, Europtronic Group Ltd delisted from Singapore Stock Exchange Mainboard.

Europtronic Group Ltd continues to divest its none-core assets and operations and focus on new business and investments.