United Kingdom

Profile: Highway Holdings Ltd (HIHO.OQ)

HIHO.OQ on NASDAQ Stock Exchange Capital Market

16 Mar 2018
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Highway Holdings Limited, incorporated on July 20, 1990, is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company's customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components. The Company operates in two segments: the metal stamping and mechanical OEM segment, and the electric OEM segment. The metal stamping and mechanical OEM segment focuses on the manufacture and sale of metal parts and components, whereas the electric OEM segment focuses on the manufacture and sale of plastic and electronic parts, components and machines. As part of its manufacturing operations, the Company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process and provides various other manufacturing and engineering services.

The Company's manufacturing services include metal stamping, screen printing, plastic injection molding, pad printing and electronic assembly services. The Company conducts all of its operations through approximately six subsidiaries that carry out the Company's business from Hong Kong, the Company's principal manufacturing factory in Shenzhen, China, and from assembly facility in Yangon, Myanmar. The Company's manufacturing business consists of various stages, such as tooling design and production; manufacturing parts made by metal stamping and plastic injection molding; mechanical and/or electric/electronic assemblies, and finishing, packaging and shipping. The Company uses various computer controlled manufacturing equipment to produce tools designed to produce a product. The Company's electronic assembly manufacturing consists of chip on board assembly, integrated circuit (IC)-bonding and Surface-mount technology (SMT).

The primary raw materials used by the Company to manufacture its metal stamped parts are various types of steel, including pre-painted steel sheet, electrolytic zinc plated steel sheet, polyvinyl chloride (PVC) laminated steel sheet and cold roll steel sheet. The parts, components and products manufactured by the Company may include various plastic injected and metal stamped components, as well as integrated circuits, electronic components and paper packaging products. The Company manufactures many of these products, but also purchases components that it uses in its products.

Company Address

Highway Holdings Ltd

Level 18 Landmark N 39 Lung Sum
Ste 1801
NA     00000

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