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A contract manufacturer (CM) is a manufacturer that contracts with a firm for components or products (in which case it is a turnkey supplier). It is a form of outsourcing . A contract manufacturer performing packaging operations is called copacker or a contract packager .
A contract manufacturing organization (CMO), more recently referred to (and more commonly used now) as a contract development and manufacturing organization (CDMO) to avoid the acronym confusion of Chief Medical Officer or Clinical Monitoring Organization in the pharma industry, is a company that serves other companies in the pharmaceutical ...
Feb 1, 2023 · A contract manufacturer makes merchandise under contracts for different corporations.4 min read updated on February 01, 2023. What Is a Contract Manufacturer? A contract manufacturer is a manufacturer that works with a business to make particular merchandise.
Hon Hai Precision Industry Co., Ltd., trading as Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New Taipei City, Taiwan. In 2021, the company's annual revenue reached 6.83 trillion New Taiwan dollars ( US ...
- 20 February 1974; 49 years ago (as Hon Hai Precision Industry Co., Ltd.)
- NT$ 6.626 trillion (2022) ~US$213.90 billion
- 767,062 (2022) (Taiwan employee data only)
Contract manufacturing is a business model where a firm hires a third-party organization, known as a contract manufacturer, to produce components or complete products on its behalf.
Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. The manufacturing process begins with the product design , and materials specification .
