Polymatech completes ₹1,000 cr PCB plant in Estonia; eyes defence, high-end mobile segments
Polymatech Electronics
has commissioned its
printed circuit board
manufacturing facility in Estonia, Europe, that entails an investment of 100 million euros (around ₹1,000 crore), the company said on Monday.
The new facility has around 10,000 square feet of cleanroom equipped with cutting-edge machinery, capable of producing up to 50,000 square meters of multi-layer High-Density Interconnect (HDI) PCBs annually for use in high-end
electronic products
like telecom equipment, smartphones, wearables, aerospace, etc.
"Our European-made PCBs, crafted with European expertise and adhering to the highest quality standards, are in high demand across various high-end applications. This facility underscores our commitment to innovation, quality, and precision, positioning us to deliver tailored, engineered solutions to some of the most demanding industries," Polymatech Electronics CEO Eswara Rao Nandam said in a statement.
The Tamil Nadu-based company's Estonian arm was incorporated on November 18, 2024, and commenced operations on August 8.
Nandam said that the company has earmarked an investment of 100 million euros in the plant by 2027.
"With meticulously maintained equipment and a highly skilled team, we are poised to deliver rapid, sustainable PCB solutions and foster strategic partnerships across Europe," Polymatech Electronics, Director and Head of PCB Business, Tarja Rapala said.
Leveraging advanced European technology, the facility claims to meet the stringent industry standards demanded by premium mobile phone manufacturers and critical sectors, including defence, aerospace, automotive electronics, semiconductor manufacturing, telecommunications infrastructure, industrial electronics, and security.
Polymatech Electronics Chief Innovation Officer Allen Nejah said that it can deliver sophisticated PCB solutions for Europe's technological and defence sectors.
"PCB is the mother of electronic equipment and this facility enables Polymatech transformation from component manufacturer to product manufacturer, this will be a paradigm shift in Polymatech's business profile and help us to release products faster in the market.
"This facility portfolio includes high-speed PCBs, advanced HDI PCBs, high-frequency PCBs, and multi-layer configurations-up to 48 layers-designed for high-end electronics," Nejah said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
17 minutes ago
- Business Standard
Tesco to set up distribution hub, create 15,000 jobs: K'taka Industries Min
UK-based retail giant Tesco plans to set up a new distribution centre in Karnataka, creating 15,000 additional jobs, Large and Medium Industries Minister M B Patil said on Wednesday. UK engineering major Rolls-Royce is also exploring fresh investments in the state, he said, adding that the government would expedite all necessary processes to facilitate the company's plans, his office said in a release. Patil made the announcement while addressing a reception hosted on Tuesday by the British Deputy High Commission to mark the signing of the IndiaUnited Kingdom Free Trade Agreement (FTA). The pact is projected to boost bilateral trade by about Euro 25 billion annually and help double trade volumes to nearly Euro 90 billion by 2030. The FTA would pave the way for duty-free access for 99 per cent of India's exports to the UK and 90 per cent of UK exports to India. This would mean more affordable products, greater market access for businesses, and a surge in commerce benefiting consumers and industries in both countries, he said. Patil noted that leading British firms such as Rolls-Royce, BAE Systems, Tesco, ARM, HSBC, and Aviva already have a strong presence in Bengaluru and across Karnataka, collectively employing nearly 30,000 people in the state. He said the FTA would enable UK companies to scale up investments in Karnataka and urged them to leverage the state's technology capabilities, infrastructure, and industry-friendly policies. The government will respond proactively to those keen on investing, he assured. According to the minister's office, the event was attended by Harjinder Singh, UK Trade Commissioner; Chandru Iyer, British Deputy High Commissioner; and other dignitaries.
&w=3840&q=100)
Business Standard
17 minutes ago
- Business Standard
Kalpataru posts Rs 49 crore loss in Q1 FY26 despite strong pre-sales
Mumbai-based real estate developer Kalpataru reported a widening of losses to Rs 49.43 crore in the first quarter of FY26, compared with Rs 0.69 crore in Q1 FY25. Revenue from operations stood at Rs 443.2 crore, down 16.45 per cent year-on-year (Y-o-Y), while total expenses fell 5.18 per cent Y-o-Y to Rs 512.23 crore. The company follows the project completion method (PCM) for recognising revenue from projects launched after April 2022. Under this method, revenue is recorded only upon receipt of the occupation certificate (OC), whereas expenses such as marketing and corporate overheads are booked in the same quarter they are incurred. As of Q1 FY26, the majority of recognised revenue came from projects under PCM. Of its 24 ongoing projects, Kalpataru applies PCM to 13; however, costs associated with these projects are fully charged to the profit and loss account during the reporting period. Pre-sales rose 83 per cent Y-o-Y to Rs 1,249 crore, while collections increased 37 per cent YoY to Rs 1,147 crore. However, the area sold fell 9 per cent Y-o-Y to 0.56 million square feet. Average sales realisation during the quarter surged 101 per cent Y-o-Y to Rs 22,476 per square foot. The company has guided pre-sales of Rs 7,000 crore for FY26, up from Rs 4,531 crore in FY25. It is targeting collections of Rs 5,700 crore, compared with Rs 3,659 crore in the previous financial year. Debt reduction focus Net debt as of June 30, 2025, stood at Rs 7,939 crore. The net debt-to-equity ratio improved to 2.0x from 3.8x as of March 31, 2025. Kalpataru aims to reduce its debt to Rs 7,300 crore by the end of FY26. 'The company has utilised Rs 1,192.5 crore from IPO proceeds towards debt repayment, in line with the objects of the issue, and remains committed to further strengthening the balance sheet through continued debt reduction efforts,' said Parag Munot, Managing Director, Kalpataru. On a sequential basis, revenue declined 26 per cent. The company had posted a profit of Rs 14.05 crore in Q4 FY25, compared with a loss in the current quarter. Kalpataru shares closed at Rs 406.30 on the BSE on Tuesday.
&w=3840&q=100)
Business Standard
17 minutes ago
- Business Standard
Trump warns of severe consequences if Putin doesn't stop war after summit
US President Donald Trump said on Wednesday that if his meeting with Russian President Vladimir Putin goes well, he would like to have a quick second meeting with Putin, Ukrainian President Volodymyr Zelenskiy, and himself. "If the first one goes okay, we'll have a quick second one," Trump told reporters. "I would like to do it almost immediately, and we'll have a quick second meeting between President Putin and President Zelenskiy and myself, if they'd like to have me there." Trump did not provide a timeframe for a second meeting. He is to meet Putin in Anchorage, Alaska on Friday. "Yes, they will," he said. He did not spell out the consequences but he has warned of stiff economic sanctions if no breakthrough can be achieved. Trump spoke after holding talks via telephone with European leaders and Zelenskiy about his meeting with Putin.
