The worldwide contract manufacturing industry grew substantially in the first half of 2011 - an estimated 22% compared to 2010, according to The Worldwide EMS Market Quarterly, published by New Venture Research Corp. (newventureresearch.com). This is surprising because the industry just came off a spectacular year of approximately 37% growth, after several years of slowing growth. Most industry pundits expected a decline in growth in 2011, but apparently continued demand for new products bursting on the scene in 2010 (such as iPads, e-readers and smartphones) has spurred this trend. Foxconn, the largest EMS company in the world, experienced one of the highest growth rates during this period (38%), outpacing it closest competitor (Flextronics), which grew 17% during the period.
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