Phasium announces the opening of a new, state-of-the-art manufacturing center in the Bangpoo area of central Thailand. Phasium is the premier power brand of Shenzhen Megmeet Electrical Co., Ltd (002851.SZ) and supplies battery, charger and power supply products for medical, commercial and industrial devices to American and European markets. Megmeet is a global company with two major manufacturing centers in China, research and development in China, Malaysia and Sweden, and sales and distribution in San Jose, CA. The new facility will alleviate cost pressure due to trade tariffs on electronic goods manufactured in China as well as provide site risk mitigation and accommodate growth in production. The company has seen an increase in demand across all product lines, and twenty-five percent of the company’s revenue comes from outside the domestic Chinese market. The Thailand Department of Trade Confirmation has approved Phasium to issue a certificate of origin from Thailand for all products manufactured at the facility.
“The opening of the new facility in Thailand is a major growth milestone for Phasium,” said Robert Staub, Executive of Business Development for North America and Europe, “Our first manufacturing facility outside of China will help us better serve our customers in the American and European markets. We will continue to provide batteries, chargers and power supplies of the highest quality at competitive prices.”
The facility began production in the summer of 2020 serving the company’s Medical Business unit. There is a 3000 square meter facility with 150 employees ramping to 300 in the second year. It will support a production volume of about 1.4 million pieces per year for Phasium’s batteries, chargers and power supplies. Employees will include management and quality and manufacturing engineering support in addition to production operators. Production will begin with five assembly lines, IQC, ATE, FCT and in the second year add two SMT lines, an automated insertion line, an NPI line and two additional assembly lines. The facility will utilize Phasium’s established PLM (Product Life Manager), MES (Manufacturing Execution System) and ERP systems. Quality Certificates will include ISO9001, ISO13485 and ISO14001.
Phasium designs and manufactures high-efficiency, smart, medical power products and assemblies. Using advanced conversion techniques, resourceful mechanical design, and conservative design rules, the company’s competitively priced products include standard and custom adapters, power supplies, battery packs, chargers, and docking stations. With an ISO 13485 facility, Phasium is the premier power brand of Megmeet.