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    AGM Updates of Polymatech

    30 November 2024

    1. Expansion in Next-Gen Connectivity: The company is planning to contribute to the establishment of 5G and 6G infrastructure across India, aligning with the nation’s digital transformation goals.

    2. Strategic Integration to Address Supply Chain Challenges: Efforts are underway for both forward and backward integration to strengthen supply chain resilience and reduce dependency on external factors.

    3. Global Manufacturing Expansion: To counter supply chain disruptions, Polymatech is setting up manufacturing facilities in multiple countries, ensuring a more robust global footprint.

    4. Focus on Innovation and Automation: The R&D team is prioritizing technology assimilation. The company is also progressing towards automating manufacturing processes to achieve a zero-manpower production environment across some processes.

    5. International Collaboration: Polymatech is partnering with the 50-year-old French firm ECM Group to establish a joint venture focused on semiconductor wafer fabrication in Grenoble, France. Operations are expected to commence by 2026, representing a major milestone in global collaboration and technological progress.

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