Rakon sells French property for 2.7M euro as manufacturing shifts to India

Wed, 28 Mar 2018

By Sophie Boot March 29 (BusinessDesk) - Rakon has sold its former manufacturing site in France for 2.7 million euros, as it continues to shift its manufacturing focus to India. The company said its Argenteuil property was previously the main operational site for manufacturing discrete oven controlled crystal oscillators (OCXO), though that has moved to Centum Rakon India in recent years. Rakon shifted manufacturing to India in 2012 in an effort to cut costs, although it booked a $3.2 million impairment charge on the Centum joint vent...

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