News
EIGHTY FOUR, PA – Ametek Specialty Metal Products named Peter Hoctor regional sales manager for Europe, responsible for sales and marketing the company’s full line of products. He has 15 years’ experience in the sales and marketing of specialty metals.
Hoctor is currently sales manager, Europe, for Reading Alloys, which was acquired by Ametek in April. Hoctor will retain his position with Reading Alloys, while assuming additional responsibilities for Ametek.
Europe accounted for the greatest portion of the company’s international sales, which topped more than $1 billion for the first time in 2007. Ametek has plants in Austria, Czech Republic, Denmark, France, Germany and the UK.
Hoctor is currently sales manager, Europe, for Reading Alloys, which was acquired by Ametek in April. Hoctor will retain his position with Reading Alloys, while assuming additional responsibilities for Ametek.
Europe accounted for the greatest portion of the company’s international sales, which topped more than $1 billion for the first time in 2007. Ametek has plants in Austria, Czech Republic, Denmark, France, Germany and the UK.
TEMPE, AZ -- Manufacturing failed to grow for the third consecutive month in April as the PMI registered 48.6%, flat with March.
The good news: Backlogs grew, breaking six consecutive months of decline, and new export orders showed continued strength. Customers inventories dropped. The Computer and Electronic Products sector reported growth in April.
HELSINKI, FINLAND – Industry reports indicate Elcoteq is in final talks to acquire Taiwan's Arima Communications, which manufactures mobile handsets for Sony and LG Electronics, among others.
Industry sources claim an announcement can be expected once terms are finalized. However, Arima has denied a possible acquisition.
Stephen Hung, spokesman for Arima, said no talks were going on between the two companies, and Elcoteq spokeswoman Minna Aila reportedly declined comment, citing company policy not to comment on market rumors.
EMS provider Elcoteq, which builds for Nokia, among others, is reportedly interested in increasing its ODM capabilities. Arima has an R&D staff in its Taiwan and China locations.
Industry sources claim an announcement can be expected once terms are finalized. However, Arima has denied a possible acquisition.
Stephen Hung, spokesman for Arima, said no talks were going on between the two companies, and Elcoteq spokeswoman Minna Aila reportedly declined comment, citing company policy not to comment on market rumors.
EMS provider Elcoteq, which builds for Nokia, among others, is reportedly interested in increasing its ODM capabilities. Arima has an R&D staff in its Taiwan and China locations.
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