Product category:
Electronics Manufacturing Services
News Release from: Celestica
Edited by the Electronicstalk Editorial
Team on 17 November 2006
Alliance runs from concept to
manufacturing
HCL Technologies and Celestica have entered into an agreement to form a joint venture to provide complete concept-to-manufacturing (C2M) solutions for original equipment manufacturers.
HCL Technologies and Celestica have entered into an agreement to form a joint venture to provide complete concept-to-manufacturing (C2M) solutions for original equipment manufacturers Through this collaborative venture, the two companies are driving change in an increasingly competitive market by offering seamlessly integrated design, manufacturing and supply chain solutions
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
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This is the first joint venture of this kind in the electronics industry.
Historically outsourcing has often involved multiple suppliers handling various aspects of the product lifecycle.
This joint venture will provide a fully integrated product lifecycle solution to OEM customers - including product concept, design, engineering, manufacturing, fulfillment, sustaining engineering, reverse logistics and after-market services.
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HCL's broad and scalable design engineering capabilities combined with Celestica's existing strengths in hardware design for manufacturability and supply chain integration create an exciting new alternative for OEMs seeking time to market and total cost advantages.
This joint venture cements an existing three-year relationship between the two companies, through which HCL and Celestica have successfully provided integrated solutions to customers across the telecom, enterprise, consumer, medical, aerospace and semiconductor sectors.
HCL's strength in software development complements Celestica's hardware focus and is already being leveraged in Celestica's existing Solutions Accelerator platforms for server blades, WiMAX, ATCA and storage equipment.
"By recognising the increasing complexity of the marketplace, including rapidly changing customer demand, and the difficulties of managing multiple partners at different stages of the product lifecycle, a new market is being created through this joint venture".
"It removes a level of complexity, allowing OEM customers to focus on their core business and strategic initiatives", said Vineet Nayar, President, HCL Technologies.
"Our customers are increasingly being challenged to compress their concept-to-manufacturing schedule", said Dave Tiley, Senior Vice President, Global Services, Celestica.
"This exciting joint venture between two world-class companies creates a highly integrated, flexible offering that enables OEMs to focus on IP generation while Celestica and HCL focus on time to market and total cost of ownership".
The venture is aligned with HCL's blue ocean strategy to create uncontested market spaces and create additional value for its customers, as well as Celestica's strategic mandate to continually bring cost and time to market benefits to customers through its integrated global services and solutions.
This strategic alignment will provide a unique proposition of a single point of contact for OEM customers - from concept to manufacturing - leveraging the strength of both industry leaders.
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