Circuits Assembly Online Magazine - Current Issue

News

TAIPEI – Hon Hai Precision Industry, the parent company of Foxconn Electronics, reported 2007 revenues rose 42.5% year-over-year, hitting a record $38 billion.

PENANG, MALAYSIA - Plexus earned more than $350 million in revenue from its Penang operations in fiscal year 2007, some 23% of the EMS firm's $1.5 billion revenue for the year. And the site is front and center at the company's strategy to double in size over the next few years.

“We aim in the next four to five years to double our revenue to $3 billion, and anticipate a growth rate of 15% to 18% (during that period),” CEO Dean Foate said in a press conference.

Foate said Plexus has invested $79 million in its Penang operations over the past six years, according to a published report in the The Star Online. The site includes three plants and its new Asia Technology Center.

LOHJA, FINLAND – Electronics manufacturing OEM Photonium Oy purchased a 55% stake in Mikkeli, Finland-based Akseli Lahtinen Oy. The companies did not disclose other financial information.

The deal called for Laskentaneliö Ky, Tuomo Honkanen and Rauno Suoniemi to each sell 18% of their holdings to Photonium. Photonium holds an option to purchase the remaining shares within the next three years.

Photonium designs and manufactures lines for optical fiber manufacturing and electronics manufacturing automation.

Akseli Lahtinen designs and manufactures automation products.