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Frost & Sullivan Anticipates Slovakian Electronics Manufacturing Market to Sustain Rapid Growth Despite the Economic Slowdown - The current economic crisis and the imminent adoption of the Euro in 2009 by Slovakia are set to impact electronics manufacturing in the country
Frost & Sullivan Anticipates Slovakian Electronics Manufacturing Market to Sustain Rapid Growth Despite the Economic Slowdown

 

PRZOOM - /newswire/ - London, United Kingdom, 2009/04/02 - The current economic crisis and the imminent adoption of the Euro in 2009 by Slovakia are set to impact electronics manufacturing in the country.

   
 
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However, its strategic location, an economical labour force and robust national growth rates will support the continued expansion of the Slovakian electronics manufacturing market.

New analysis from Frost & Sullivan (smt.frost.com), Slovakian Electronics Manufacturing Market, finds that the market earned revenues of $4.13 billion in 2008 and estimates this to reach $6.14 billion in 2015.

"The global economic slowdown, which has spread to emerging markets in Central and Eastern Europe (CEE), has had a sizeable impact on foreign direct investment (FDI) flowing into the country in the electronics manufacturing segment," observes Frost & Sullivan Research Analyst Harish Natesan. "Further, with Slovakia adopting the Euro in 2009, manufacturers and suppliers alike are keeping their fingers crossed as to what impact this transition will have on the country's electronics manufacturing sector."

Slovakia, with its rapid economic growth rates and low labour costs, has become a preferred location for many original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) companies operating in Central Europe. Low competition coupled with Slovakia's strategic proximity to Western Europe has also given the country an edge over other rival destinations in Central Europe.

Slovakia has been significantly affected by the economic slowdown, which spread to Europe in 2008. Decreasing demand from key end-user segments has negatively impacted market revenues since 2008. This trend threatens to continue in 2009 as well.

"Thus, market growth rates are expected to fall appreciably in 2009," cautions Natesan. "Further, the adoption of the Euro in 2009 is expected to result in an increase in operating expenses, motivating electronics assemblers to downsize labour and volumes to save on operating expenses and maintain profitability."

Slovakia is increasingly becoming a manufacturing hub for liquid crystal display (LCD), with many OEMs finding the low competition favourable for investment. Further, closeness to Western European markets and shorter supply chains has made Slovakia an irresistible location for industrial EMS participants.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by email.

Slovakian Electronics Manufacturing Markets is part of the Surface Mount Technologies Growth Partnership Service programme, which also includes research in the following markets: Hungarian Electronics Manufacturing Markets, Polish Electronics Manufacturing Markets and Romanian Electronics Manufacturing Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents.

GIL 2009: Europe

Frost & Sullivan has expanded its flagship Global Congress on Corporate Growth - GIL Global - into several major cities around the world including London. For the first time ever in Europe, Frost & Sullivan will be hosting the Growth, Innovation and Leadership Congress 'GIL 2009: Europe' on 19-20 May, at the Sofitel St James in London. GIL Global is the industry's only event designed to support senior executives in their efforts to achieve sustainable, top-line growth. To register, obtain a programme agenda, explore sponsorship opportunities, or attend as a member of the media for GIL 2009: Europe, please contact Joanna Lewandowska, Corporate Communications for Frost & Sullivan in Europe, at Joanna.lewandowska[.]frost.com. One-on-One interviews with Frost & Sullivan senior growth consultants are also being scheduled. For more information you can also visit frost.com/gilglobal

Slovakian Electronics Manufacturing Markets / M355-28

 
 
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Frost & Sullivan Anticipates Slovakian Electronics Manufacturing Market to Sustain Rapid Growth Despite the Economic Slowdown

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Contact: Joanna Lewandowska 
+48 22 390 41 46 joanna.lewandowska[.]frost.com
 
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