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Thinfilm Picks Hong Kong for Supply Chain Support

The Norwegian hi-tech company set up a supply chain management (SCM) support office in Hong Kong to serve the APAC region

Thin Film Electronics ASA (“Thinfilm”) is a global leader in the development and commercialisation of printed electronics and smart systems. The company’s product line includes four core product offerings: printed rewritable memory, EAS (electronic article surveillance), NFC (near field communication) solutions and smart sensors.

The company was established in late 1990s and went through a major restructuring in 2005. It is a public Norwegian company listed on the Oslo Stock Exchange and also trades in the OTCQX Marketplace. Headquartered in Oslo, Norway, Thinfilm has a number of other offices around the globe – product development and production in Linköping, Sweden; product development, production, and business development in San Jose, California, US; and sales and support offices in the US, Hong Kong, and Singapore.

Thinfilm Picks Hong Kong for Supply Chain Support

An Ideal Base to Serve APAC Customers

As a large percentage of the company’s assembly operation is outsourced to Asia, Thinfilm decided in 2015 to set up a logistics support office in Asia to coordinate various functions along the supply chain. These functions range from sourcing materials to customer order fulfilment. As a result, Thin Film Electronics HK Ltd was established in mid 2015 and now operates with three full-time employees. It will expand to support Thinfilm’s manufacturing business in the Asia-Pacific region as necessary.

When selecting a location, Thinfilm decided that Hong Kong best met its needs. “Geographically, its close proximity to many Asian countries is an advantage. It also has very good infrastructure, especially in information and communications technology (ICT), which facilitates fast, high-quality communication with our other offices around the world. Financial systems, such as inter-banking, e-banking and various credit card solutions, are also well developed.

A large percentage of the working population in Hong Kong is bilingual, which facilitates effective business communication and leads to enhanced productivity,” Achim Neu, Managing Director and VP Global SCM, Thin Film Electronics ASA, said.

“For an emerging technology company like Thinfilm, Hong Kong provides a solid foundation on which to build and grow,” he added.

InvestHK’s Support

“InvestHK provides quality professional services that suit the needs of an emerging technology company like Thinfilm,” Neu said. “I have found InvestHK’s services very useful, such as assistance with company registration and office setup, personal help with schooling and housing while relocating my family, introduction to accounting services, the provision for office services outsourcing, and initial support with networking opportunities. They also helped me in filling out application forms for my work visa.”

Friday, May 13, 2016

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Fast Facts

  • A subsidiary of Thin Film Electronics ASA
  • Provides critical engineering and supply chain support to the company’s Asia-based manufacturing partners

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