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September 5, 2012
18:20 EDTVIASViasystems announces fire at manufacturing facility in China
Viasystems Group announced that early on the morning of September 5, it experienced a fire contained to a part of one building on the campus of its printed circuit board manufacturing facility in Guangzhou City, China. There were no injuries resulting from the fire. Viasystems said it is assessing the detailed property damage that was caused by the fire, but believes that it has adequate insurance coverage. Further, Viasystems does not believe there will be any negative environmental impact resulting from the fire. Based on the preliminary review, Viasystems anticipates a portion of the plant will be out of service for a period of at least four to six weeks. Plans are being put in place to shift production to its other existing printed circuit board facilities to manage its customers’ needs, the company added.
News For VIAS From The Last 14 Days
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May 20, 2015
09:14 EDTVIASTTM Technologies' Viasystems acquisition cleared by FTC
The investigation of TTM Technologies' (TTMI) proposed acquisition of Viasystems (VIAS) by the Federal Trade Commission has been closed and the parties are free to complete the transaction. TTM intends to close the transaction on or about May 31.

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