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January 13, 2020
Simon Payne, CEO, XJTAG
The China tariff dispute has not materially affected our USA business but it has improved opportunities for Thermaltronics in India, Philippines & Vietnam, where we have seen increases in development and production, as a way to circumvent tariffs, imposed by the USA, on China. We are in a technology driven industry, so continuing to be innovative is a key driver in our company philosophy. The award winning solder robots, we have developed, are a testimony to that belief. Yes, we will continue with new product introductions going forward and as well as making improvements in existing products, to ensure compliance with industry 4.0. Our market expansion plans are primarily geographic as manufacturers relocate to more productive and low cost environments. In 2020 we expect growth to be centred around automation and not so much in relation to increases in demand.
Simon Payne
CEO, XJTAG
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