News
TORONTO – EMS provider SMTC Corp. reported 2008 fourth-quarter revenue of $61.1 million, up 1.6% sequentially and down 8.5% year-over-year.
EL SEGUNDO, CA — After years of singlehandedly powering the robust growth of the global electronics manufacturing services business, Foxconn (Hon Hai) grew marginally in 2008, and the top-tier EMS market contracted, according to preliminary market-share results from iSuppli Corp.
LONDON – Despite a lackluster fourth quarter, the Cookson Group reported its 2008 revenue climbed 23% to ₤2.203 billion ($3.04 billion).
The company, the parent of Alpha Metals and Enthone, reported trading profits up 11% to ₤216.3 million ($298.3 million), and pre-tax profits climbed 18% to ₤176.3 million ($243.1 million).
The electronics division saw a year-over-year revenue increase of 11% to ₤620 million ($854.9 million) at reported exchange rates.
For the year, assembly materials sales fell 10% to ₤382 million (US$526.8 million) on an increase in metal prices, especially tin and silver. Chemistry sales dropped 9% to ₤238 million (US$328.2 million) on the sharp decline in the electronics and automotive markets.
Nevertheless, the fourth-quarter slide has continued into the first quarter, and Cookson plans to reduce its overhead by $55.2 million.
The company, the parent of Alpha Metals and Enthone, reported trading profits up 11% to ₤216.3 million ($298.3 million), and pre-tax profits climbed 18% to ₤176.3 million ($243.1 million).
The electronics division saw a year-over-year revenue increase of 11% to ₤620 million ($854.9 million) at reported exchange rates.
For the year, assembly materials sales fell 10% to ₤382 million (US$526.8 million) on an increase in metal prices, especially tin and silver. Chemistry sales dropped 9% to ₤238 million (US$328.2 million) on the sharp decline in the electronics and automotive markets.
Nevertheless, the fourth-quarter slide has continued into the first quarter, and Cookson plans to reduce its overhead by $55.2 million.
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