Tag: Advantek

Advantek Acquires LKTT Plastic Technology in Malaysia

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Industry News

Transaction Expands Advantek’s Manufacturing Footprint to Support ASEAN Region

EDEN PRAIRIE, Minn. and PENANG, Malaysia, JANUARY 16, 2023 – Advantek, LLC (“Advantek”), a leading provider of highly engineered carrier tape and precision component packaging, today announced the acquisition of LKTT Plastic Technology Sdn. Bhd. (“LKTT”), a provider of complementary precision packaging based in Malaysia. Financial terms of the transaction were not disclosed.

Advantek is headquartered in Eden Prairie, Minnesota, and has manufacturing facilities around the world. For more than 40 years, Advantek’s highly engineered specialty packaging tape has enabled the world’s foremost providers of high-value semiconductor and other electronic components to safely transport and present products for assembly, including computers, mobile phones, LED lighting, medical components, smart appliances, automobiles, and other consumer products.

Advantek is committed to providing customers with a comprehensive suite of precision packaging materials across a global manufacturing footprint that provides clients with optimal efficiency and flexibility. During 2022, Advantek partnered with Cornell Capital, a U.S.-based private investment firm, to accelerate these initiatives.

LKTT has more than a decade of experience in carrier tape manufacturing with a focus on complex designs for connectors, shields, and other highly sensitive form factors. LKTT has strong customer relationships across the ASEAN region and will expand Advantek’s capabilities to support customers in Malaysia, Thailand, and Vietnam.

“Customer service, including local manufacturing capabilities, is a key component of Advantek’s long-term value-add proposition. Establishing a manufacturing footprint in Malaysia is an important step as we continue executing our strategic plans,” said Wim Goossens, Chief Executive Officer and President of Advantek. “I’m certain that by acquiring LKTT, we’ve expanded our team to include a group who shares our values of innovation and continuous improvement, while always prioritizing customers.”

“The acquisition of LKTT is an important milestone as Advantek looks to continue to expand its market-leading position by offering the highest quality product suite across the most comprehensive global footprint in the industry,” said Allen Chu, Partner at Cornell Capital.

 

About Advantek

Advantek is a leading provider of precision component delivery systems with facilities in North America, Asia and Europe. Advantek’s solutions play an important role in the assembly process of products such as computers, mobile phones, LED lighting, medical components, smart appliances and automobiles. For more information, visit www.advantek.com.

About LKTT

LKTT Plastic Technology is a manufacturer of embossed carrier tape used for transporting components in the capacitor, LED, metal shield, and semiconductors industries. LKTT serves as a one-stop-shop provider of carrier tape requirements like plastic reel, cover tape, and tape and reel operations. Based in Penang, Malaysia, LKTT was formed in 2010, following a spin out from LKT Plastic Technology. LKTT’s mission is to be the preferred carrier tape supplier in southeast Asia.

About Cornell Capital

Cornell Capital LLC is a U.S.-based private equity firm with ~$6 billion of AUM and offices in New York and Hong Kong. Leveraging decades of global investment experience, the firm focuses on North American middle market buyouts across the consumer, financial services, and industrials/business services sectors, often in companies that can benefit from global expansion through the firm’s Asia presence and cross-border expertise. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. Since inception, Cornell has built a team dna partnership that are among the most diverse in the private equity industry. For more information, visit www.cornellcapllc.com.

 

Contacts:

Advantek
Jason Skrtic
Vice President Global Marketing and Product Management
+1 715-833-1677
jason.skrtic@advantek.com

Cornell Capital
Jon Keehner / Kate Thompson / Woomi Yun
Joele Frank, Wilkinson Brimmer Katcher
+1 212-355-4449

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For more information, visit www.advantek.com

Visit us at SMTconnect 2022

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SMTconnect Logo

Advantek will exhibit at SMTconnect in Nürnberg, Germany on May 10-12, 2022.

“SMTconnect is the only trade fair for electronic production in Europe that brings people and technologies from the areas of development, production, services, and the applications of microelectronic assemblies and systems together in an inspiring work atmosphere.”

Visit us at booth 345 in Hall 4 to learn more about our advanced line of carrier tape, cover tape, reels, and more.

Join us at SEMICON Taiwan 2021: Forward as One

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SEMICON Taiwan logo

Join Advantek and other semiconductor leaders from December 28-30 at SEMICON Taiwan 2021 at the Taipei Nangang Exhibition Center.

“Featuring more than 550 exhibitors in over 2,000 booths and chip industry leaders, SEMICON Taiwan 2021 – themed Forward as One – will showcase cutting-edge advances and solutions in critical semiconductor industry areas including heterogeneous integration, green manufacturing, smart and advanced manufacturing, advanced testing, strategic materials, and MEMS and sensors.”

Be sure to stop by our booth #M0552 on the 4th floor, we would love to see you!

Productronica 2021 Information

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Advantek will be exhibiting at productronica 2021 in Munich, Germany on 16-19 November, 2021.

Visit us in Hall A2 Booth 362 to discuss our full line of carrier tape solutions; including high precision tapes for chip scale packages and bare die, wide and deep tapes for electro-mechanical components, Surftape®, cover tape, reels, and more.

PCBs, semiconductors, sensors, connectors or displays: Productronica is the best place to find out first which components, systems and applications are made possible by the latest developments. Hundreds of exhibitors from across the world come together to showcase a complete range of technologies, products and solutions in the entire electronics industry. Join renowned experts and exhibitors as they discuss the latest topics and challenges facing electronics and its applications.

Learn more about productronica 2021.

Industry News: Chip shortage continues

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Advantek Industry News Logo

As the chip shortage continues to impact the global electronics market, there has been a steady flow of articles describing the situation and how we got here. One of the best articles we have found is from Bloomberg. It provides excellent information on the evolving demand for chips, supply chain issues, the manufactures, and the end markets factors. To read all about it, visit:

www.bloomberg.com/graphics/2021-semiconductors-chips-shortage/

Industry News: Automobile Manufacturers are being hit hard

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Advantek Industry News Logo

This surprise shortage in semiconductors has severely impacted the automotive industry. This chip shortage has disrupted supply chains and operations around the world, resulting in temporary plant closures and employee furloughs at the industry’s largest automakers. One of the major factors causing these shortages is the high demands for chips in other consumer markets. Please read the following links for more details:

2020 SMTConnect Show Update!

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Due to the increasing spread of covid-19 in Europe, Mesago Messe Frankfurt GmbH has decided to postpone the SMTconnect from 5 – 7 May 2020 to 28 – 30 July 2020. The venue remains the Nuremberg Exhibition Centre. Visitor tickets already purchased are valid for the new date.

 

2020 SMT Connect Trade Show

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Advantek will exhibit again at SMTconnect Trade Show in Nurembuerg, Germany on 5 – 7 May 2020.

SMTconnect organizes over 400 exhibitors from 30 different countries. Join Advantek alongside some of the world’s leading experts in the electronic manufacturing industry. The event brings together experts to exchange ideas and discuss technologies in the areas of development, production, services, and applications in connection with microelectronic assemblies and systems.

 

Visit us at booth 226 in Hall 4 to learn more about our advanced technologies for carrier tape packaging; including high precision tape for bare die, cover tape, reels, and more.

To read more about SMTconnect 2202, visit here.

Advantek Releases New Moisture Barrier Bag: DRYLOK® 3200

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Advantek Drylok Static Shielding/Moisture Barrier Bag

Advantek, Inc. recently released an improved static-shielding, moisture barrier bag, named DRYLOK® 3200. The enhanced static-shielding bag replaces earlier generations with improved puncture resistance, significantly increased durability, and a sharpened appearance.

Advantek’s wide array of moisture barrier and static-shielding bags are specifically designed for the safe packaging of static, dust, and moisture sensitive devices. The construction of each vacuum-sealed bag prevents punctures and safeguards devices against electro-static shock and/or moisture during transportation and storage. The bags are available in a variety of sizes and strengths to address a range of applications–tailored to protect every type of reel, tube, or tray to its final destination.

DRYLOK® 3200 brings competitive durability and an excellent value point to the market. The new bag’s rough four mil, advanced multi-layer construction promises to protect its contents while offering a professional look for customers. The bag is available in custom sizes, or in several industry standard sizes, designed for 13-inch reels, matrix trays, and tubes.

“We are very happy to introduce this new product and expand our advanced line of bags,” says Linger Liu, Product Manager. “We are always looking to provide the highest quality products for our customers, and with industry-leading performance.”

For more information on DRYLOK® 3200, visit here.

SMT Hybrid Packaging Conference – 2018 (Voucher Redemption)

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Advantek will exhibit at the SMT Hybrid Packaging Conference in Nuremberg, Germany on 5-7 June 2018.

If you received a show voucher from Advantek, please click the link at the bottom of this announcement for your registration to SMT Hybrid Packaging 2018. Visit us at booth 226 in hall 4 to learn more about our advanced line of carrier tape, including high precision tape for bare die, cover tape, reels, and more. If you would like to receive a voucher, please contact your Advantek sales office.

Reedem Voucher

Advantek Taiwan Gives Back to Families in Need

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Advantek Corporate Social Responsibility Logo

In today’s global economy, it’s becoming increasingly important for businesses to be present in the communities where they operate. In 2017, as part of Advantek Taiwan’s Corporate Social Responsibility program, the company committed to giving back to help drive social and environmental change.

Last summer, Advantek Taiwan decided to reach out into their surrounding communities in a meaningful way. The branch joined forces with United Way of Taiwan. United Way is a national Social Welfare Group. They work on building communities by engaging all who need help, especially families living in the countryside, that might be overlooked.

With the help of the organization, Advantek Taiwan reached out to approximately 40 families with children who could benefit from the help of United Way’s resources and assistance.

Depending on each family’s needs, Advantek Taiwan Human Resources prepared packages that contained daily necessities and supplies that Advantek staff personally delivered to each family. Due to summer vacation from school, most of the families were not able to look after their children during the day and could not afford childcare. United Way offered each family childcare and Advantek funded daily lunches for the children. As a final activity, Advantek volunteers took the children to the Taipei Children’s Amusement Park for a one-day outing–a very special treat for children from low-income families.

“The purpose of this project was to assist families materially and spiritually,” says Brenda Feng, Human Resources Manager for Advantek Taiwan. “We wanted to instill hope, increase confidence, and help the families remain positive in the face of major challenges. We wanted to share the principles of Advantek and help–from the outside and the inside, too.”

For more information, contact Josie Parker at josie.parker@advantek.com.

Advantek Releases Newly Enhanced Trimline LOKREEL®

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Packaging Reels Logo

EDEN PRAIRIE, Minnesota, USA. 19 April 2018—Advantek, Inc., the world’s leading provider of precision component packaging systems, recently added an enhanced packaging reel to their advanced line of products. The new reel is economical and stronger than the previous generation—confidently designed to package and protect all types of components.

The newly released product is an improved 13-inch Trimline LOKREEL®. The reel is an enhanced version of Advantek’s previous Trimline reel—offering a variety of new features.

This new Trimline LOKREEL® balances strength and cost. It contains larger and stronger bridges—providing increased strength and solidity. The durability promises to protect every component it carries. In additional to strength, the new Trimline LOKREEL® comes at a more affordable cost compared to other reels in the company’s collection.

“The new 13-inch Trimline LOKREEL® is an exceptional choice when price is a key concern,” says Linger Lui, Manager of Product Development at Advantek. “It offers an excellent balance between structural integrity, lower weight, and lower cost.”

The new reel joins Advantek’s broad collection of reels designed to meet to their customer’s needs. It joins the company’s large offering of 7”, 13”, 15” and 22” packaging reels. Keeping a wide array of growing customers in mind, the company continues to research options that fit all kinds of packaging needs.

“We are always improving our products and technologies,” says Tim Hemken, Director of Business Development at Advantek. “We work hard to meet all of our customer’s current needs, but we understand their markets and demands are always changing. We are excited to provide new solutions for their future product needs.”

For more information, contact:

Linger Liu, Manager, Product Development, Advantek, Inc.
+86 21 50484588 ext.220 – linger.liu@advantek.com

Tim Hemken, Director, Business Development, Advantek, Inc.
+1-952-988-8551- tim.hemken@advantek.com

About Advantek, Inc.

Advantek carrier tape safeguards the delivery of delicate components for computers, mobile phones, LED applications, medical devices, smart appliances, automotive systems and other technological products.

Advantek is a wholly-owned subsidiary of Robert Family Holdings (RFH) since 1992. RFH is a privately-held, family business with origins dating to 1946. RFH is focused on growth management and acquisition of high-value manufacturing companies. Identification of growth opportunities, technological development, and commitment to customers are the core elements of the RFH strategy.

Productronica 2017 (Voucher Redemption)

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Advantek will be exhibiting at productronica 2017 in Munich; November 14 – 17. If you have received a show voucher from Advantek, please click the link at the bottom of this announcement for your registration to productronica.  Come see us at Hall A2 booth 400 to discuss our full line of carrier tape solutions for your technical requirements. If you would like to receive a voucher, please contact your Advantek sales office.

Reed Voucher

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