Deswell Industries Acquires Equipment For Electronics And Plastics Divisions

Deswell Industries Inc DSWL acquired new manufacturing equipment at its electronics and plastics divisions.
It acquired two Panasonic SMT (Surface Mount Technology) placement systems for the electronic division for CNY2.6 million.
It also acquired two HaiTian new generation 800 tons injection molding machines with 2 Star Seiki high-speed five-axis servo robots for the plastic division for CNY2.8 million.
Deswell expects to install the new equipment at the respective manufacturing facilities in August 2021.
Deswell held $20.2 million in cash and equivalents as of Mar. 31, 2021.
Price action: DSWL shares traded lower by 0.48% at $4.77 on the last check Thursday.