EDEN PRAIRIE, Minn., Nov. 4, 2024 /PRNewswire/ — Advantek, LLC (“Advantek”), a important supplier of precision feature supply programs, these days introduced a strategic partnership with key stakeholders of Jianyin Winpack Tech Co., Ltd. (“Winpack”), a known supplier of precision packaging answers headquartered in China. Advantek’s collaboration with Winpack’s Eurasia team marks a vital step in aligning the strengths of each firms to grant world consumers extra successfully, pace improving Advantek and Winpack’s mixed features and achieve.
Headquartered in Eden Prairie, Minnesota, Advantek operates production amenities in Taipei, Manila, Shanghai, Eau Claire (U.S.) and Laxa (Sweden). For over 40 years, Advantek’s precision-engineered strong point packaging tape has supported the defend delivery and presentation of high-value semiconductor and digital elements. Those answers play games a very important position in assembling merchandise corresponding to computer systems, cell phones, LED lights, clinical units, impish home equipment, cars, and diverse client merchandise. In 2022, Advantek partnered with Cornell Capital, a U.S.-based personal funding company, to boost up projects to grant consumers with optimum potency and versatility throughout an international production footprint.
Thru this original strategic partnership, Advantek will take pleasure in Winpack’s established marketplace presence, unlocking unutilized high-volume alternatives and good its world footprint, in particular in Asia. In flip, Winpack will acquire get admission to to Advantek’s complete dimension of goods and technological features, enabling Winpack to deal consumers an expanded portfolio through the use of current product choices and complex design experience.
“This strategic partnership represents an important step forward in aligning our group with a global customer base and ensuring we continue to deliver the same level of consistent product excellence and high-quality service,” stated Wim Goossens, President & CEO of Advantek. “By combining our strengths, we can better meet the evolving needs of the international market.”
“Partnering with Advantek allows us to accelerate our capabilities in serving the entire market, including providing the most precise and clean tolerances in the carrier tape market,” stated Tim Lee, Normal Supervisor of Winpack. “We are excited to enhance our small form factor offerings and deliver the high degree of cleanliness that our customers demand.”
“As a leading provider of packaging solutions globally, Advantek has been focused on growing its presence in key international markets,” Allen Chu, Spouse at Cornell Capital. “Through this partnership with Winpack, Advantek will be even better positioned as a best-in-class, global provider of precision component delivery systems, benefiting from Winpack’s two-decade presence in China.”
Beneath the phrases of the strategic partnership, each firms will proceed to perform independently and shall be led via their current control groups.
About Advantek
Advantek is a important supplier of precision feature supply programs with amenities in North The us, Asia, and Europe. Advantek’s answers play games an impressive position within the meeting procedure of goods corresponding to computer systems, cell phones, LED lights, clinical elements, impish home equipment, and cars. For more info, talk over with https://www.advantek.com.
About Cornell Capital
Cornell Capital is a U.S.-based personal funding company with roughly $5.5 billion of AUM and places of work in Brandnew York and Hong Kong. Leveraging many years of worldwide funding revel in, the company takes a disciplined solution to making an investment around the industrials and industry products and services, monetary products and services, and client sectors, continuously in firms that may take pleasure in the company’s Asia presence and cross-border experience. Based in 2013 via Senior Spouse Henry Cornell, the previous Vice Chairman of Goldman Sachs’ Service provider Banking Section, the company is led via a extremely seasoned staff with vital shared funding revel in. For more info, talk over with www.cornellcapllc.com.
For Media Inquiries:
Advantek:
Jason Skrtic
Vice President International Advertising and Product Control
+1 715-833-1677
[email protected]
Cornell Capital:
Kate Thompson / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
SOURCE Advantek
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