TOKYO Meiko Electronics and Schweizer Electronic will invest about $6.3 million apiece in each other’s PCB companies next month.

Meiko is scheduled to buy a roughly 5% stake in Schweizer, while Schweizer plans to acquire 1.62% of the shares in Meiko.

The move is designed to strengthen PCB manufacturing for such industries as automotive.

The companies have been working together since April 2009.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article