Business Advisory Services


Through HANZA’s MIG analysis, Silva has drastically reduced its manufacturing costs.

Our mission

The outdoor company Silva produces and sells compasses and head lamps for outdoor sports and activities. When Silva looked to make their manufacturing more efficient and also maintain profitability, they embarked on a collaboration with HANZA.

“It feels great to have HANZA as a partner! HANZA has guided us through the manufacturing process, as it’s not our core competency. Our new strategy is to focus on developing new products and open new customer markets.”

Richard Jägrud, CEO Silva

Silva previously owned a factory in Shenzhen, China, where they manufactured their products. It was this operation that HANZA was commissioned to evaluate. Could Silva lower their manufacturing costs by outsourcing production to an external party?

A MIG analysis initiated the collaboration

HANZA started the collaboration with a so-called MIG analysis, a process that pointed to possibilities of less tied-up capital, lowered costs and increased flexibility. Silva then chose to let HANZA manage all manufacturing, which was transferred to HANZA’s manufacturing cluster in Suzhou, China.

With the help of HANZA, we can now produce with more resource-efficiency, minimal waste and fewer transports. It has also enabled a production that lives up to high standards in terms of sustainability.

Richard Jägrud, CEO Silva

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