| Nortech Reports Q4 Sales Up 6% |
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| Thursday, 06 March 2008 09:32 | |||
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MINNEAPOLIS – Nortech Systems reported net sales of $29.3 million for the fourth quarter, up 6% year-over-year. Operating income was $1.1 million, up 47% compared to 2006. Net income totaled $504,112, up 13.8% year-over-year. For 2007, the company reported record net sales of $118.1 million, up 12% year-over-year. Operating income increased 38%, to $3.6 million. Net income was $1.6 million, up 20% compared to 2006. “Last year’s accomplishments were highlighted by a successful acquisition and the launch of our Lean manufacturing initiative,” said Mike Degen, Nortech’s president and CEO. “Our backlog position ended the year strong across our company, positioning us well for the first quarter,” he said. The acquisition of Suntron’s assembly operations in Garner, IA, last February added capabilities and customers in new markets, including agriculture and oil and gas. Nortech’s Lean manufacturing initiative was deployed at its aerospace systems operation last year. Rollouts are planned at other Nortech locations during 2008.
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| Last Updated on Thursday, 06 March 2008 09:33 |
Columns
| Semblant Warms to New Fluoroolymer Conformal Coating |
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Months after hinting at a new conformal coating during a paper session at SMTA International, Semblant has officially launched PlasmaShield. CIRCUITS ASSEMBLY editor in chief Mike Buetow spoke with vice president of worldwide sales and marketing Steve McClure last week. |
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| ECTC in Las Vegas |
What happens in Las Vegas at ECTC, doesn’t stay in Las Vegas, it is shared here. This year’s ECTC, or electronics components technology conference, was held in Las Vegas’ Cosmopolitan, May 28-31. |
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Features
| The Impact of Reel Splicing Kits on Setup and Changeover |
Traditional feeder setup using tape-and-reel can drain time. There’s a quick and better way. |
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| Standard Solar Cells vs. Next-Gen Cells: Which is Winning? |
Overcapacity is stalling the rate of improvement, but only for so long. |
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GÖPEL Upgrades TOM AOI for Conformal Coatings
TOM system (Teachable Optical Measurement) inline AOI has been enhanced for inspection of conformal coating Maximum PCB size 460 x 400mm. Can be adjusted to specific test requirements. Range of...
TOM system (Teachable Optical Measurement) inline AOI has been enhanced for inspection of conformal coating Maximum PCB size 460 x 400mm. Can be adjusted to specific test requirements. Range of...
