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Schrader Electronics: Sharp drop in turnover for Antrim firm due to global shortage of semi-conductors

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Schrader Electronics is a subsidiary of Sensata Technologies, headquartered in Antrim

Schrader Electronics is a subsidiary of Sensata Technologies, headquartered in Antrim

Schrader Electronics is a subsidiary of Sensata Technologies, headquartered in Antrim

A global shortage of semi-conductors, which has impacted the wider automotive industry, has led to a sharp drop in turnover for locally-based component manufacturer, Schrader Electronics.

But despite turnover dropping by approximately $80m (£60m) in 2020, the company reported an overall increase in before tax profit of a similar amount, largely due to the sale of investments and litigation costs factored into the previous year’s financials.


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