News
HARTLEPOOL, UK -- Stadium Group has purchased neighboring electronics manufacturer Zirkon Ltd. in a deal worth $4 million.
LIMERICK, IRELAND -- Flextronics plans to lay off at least 100 workers at the Raheen Industrial Estate here, according to published reports.
Flextronics employs 290 people at its warehousing operations in Limerick, where it supplies Dell and other local companies, the Limerick Leader newspaper said.
Flextronics employs 290 people at its warehousing operations in Limerick, where it supplies Dell and other local companies, the Limerick Leader newspaper said.
SINGAPORE – Surface Mount Technology reported September quarter revenue of $146.8 million, and a loss of $1.3 million. In the June quarter, the EMS company reported a loss of $900,000.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
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