News
CAMARILLO, CA – Power supplies OEM Red Rocket Inc. has established an Electronic Manufacturing and Engineering Services Division to support growing customer demand for electrical and electronic production and engineering services at the company’s India-based subsidiary.
The privately held company also unveiled plans to seek private placement equity from partners, customers and other investors.
In a press release, James B. Schultz, Red Rocket president and CEO, said, “EMESD positions our company to partake in the rapid growth from $5 billion today to estimated over $18 billion by 2012 in India electronics and electrical product manufacturing for export."
CPIPL, Red Rocket’s wholly owned subsidiary, includes a 100,000 sq. ft. facility in Mumbai. The company purchased the site from Jabil Circuit last year.
The privately held company also unveiled plans to seek private placement equity from partners, customers and other investors.
In a press release, James B. Schultz, Red Rocket president and CEO, said, “EMESD positions our company to partake in the rapid growth from $5 billion today to estimated over $18 billion by 2012 in India electronics and electrical product manufacturing for export."
CPIPL, Red Rocket’s wholly owned subsidiary, includes a 100,000 sq. ft. facility in Mumbai. The company purchased the site from Jabil Circuit last year.
SAN JOSE -- Flextronics has reportedly laid off about 70 workers in Taiwan and additional cuts are possible, according to a local newspaper report.
The Apply Daily, citing company sources, said most
of laid off workers are from the company's notebook and server operations.
SALO, FINLAND -- Salcomp, a top ODM of cellphone charges, has named Jari Saarinen chief financial officer, effective Jan. 25, 2009. Saarinen previously was CFO of Solifer Group, and has worked for Kone Corp. and MacGregor Group, and was CFO and CEO at Biotie Therapies Corp.
Also, Salcomp promoted Pekka Kyyriäinen to vice president, global operations, superseding Osmo Oja, who is retiring. He was general manager of Salcomp's plant in China since 2006.
Salcomp employs more than 10,000 workers and has 2007 revenues of $356 million.
Also, Salcomp promoted Pekka Kyyriäinen to vice president, global operations, superseding Osmo Oja, who is retiring. He was general manager of Salcomp's plant in China since 2006.
Salcomp employs more than 10,000 workers and has 2007 revenues of $356 million.
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