Ficosa reorganizes its activity in China after deal with Canadian company

From http://www.expansion.com/2012/12/04/catalunya/1354636661.html (in Spanish) and http://globenewswire.com/news-release/2012/12/04/509418/10014509/en/SMTC-and-FICOSA-Announce-Strategic-Arrangement.html (in English)

SMTC Corporation, a Canadian global electronics manufacturing services provider, and Ficosa International S.A., a global leader in automotive systems and parts, have signed a strategic manufacturing agreement. Founded in 1949, Ficosa has its headquarters in Barcelona and has an operating presence in 19 other countries across the globe. Under this agreement, Ficosa will transition the manufacturing of selected programs to SMTC's Suzhou plant in China, including production engineering, system integration and logistic services, among others. The Catalan company will benefit from SMTC experience in the control services of the supply chain, whereas SMTC is expected to grow as provider of  automotive industry.