News
JENA, GERMANY – Goepel Electronic, a test equipment hardware and software manufacturer, recently restructured its U.S. organization to combine automotive test and JTAG/boundary scan divisions.
Goepel will now sell products directly using a combination of direct sales and manufacturers’ representatives. This means Huntron Inc. will no longer be sole distributor for Goepel in the U.S., the company said. According to Heiko Ehrenberg, vice president of the U.S. boundary scan operations, the companies “will continue to do some joint projects in the future.”
The company also hired Raj Puri as vice president of sales and marketing.
GLENVIEW, IL – Illinois Tool Works Inc. today reported operating revenue rose 16.3% for the quarter ended July 31.
Operating revenues consisted of a 10.9% increase from acquisitions net of divestitures, 2.4% growth from base revenues, and a 3% contribution from translation and other items, reports ITW.
ITW, with $14.1 billion in revenue, is a manufacturer of components and industrial systems and consumables. The company consists of approximately 750 business units in 49 countries and employs some 55,000 people.
ITW's operating companies include Speedline Technologies, Kester, Chemtronics and Simco. ITW did not break out sales for those units.
TAIPEI — Leading ODM Compal Electronics reported second-quarter revenue of NT98.9 million, up 2% sequentially. Net income was up 25% to NT3.3 million.
Gross margins were flat, at 4.8%.
The company said it would invest $30 million in a notebook PC plant in Vietnam, with mass production scheduled for the end of 2009. With more than 85% of notebooks PCs coming from the Shanghai area, Compal president Ray Chen said investment in Vietnam could spread risk for its customers.
The company expects its Vietnam plant will produce 300,000 to 500,000 notebooks monthly, reported DigiTimes, with costs around 3 to 5% lower compared to its Shanghai plant.
The ODM also plans to invest up to NT$ 1.5 billion in Wah Yuen Technology Holding in exchange for a 71% stake in Hong-Ya Technology and JuRong Hauye New Technology, a pair of magnesium alloy casing manufacturers. Compal says the investment will strengthen its vertical integration.
Gross margins were flat, at 4.8%.
The company said it would invest $30 million in a notebook PC plant in Vietnam, with mass production scheduled for the end of 2009. With more than 85% of notebooks PCs coming from the Shanghai area, Compal president Ray Chen said investment in Vietnam could spread risk for its customers.
The company expects its Vietnam plant will produce 300,000 to 500,000 notebooks monthly, reported DigiTimes, with costs around 3 to 5% lower compared to its Shanghai plant.
The ODM also plans to invest up to NT$ 1.5 billion in Wah Yuen Technology Holding in exchange for a 71% stake in Hong-Ya Technology and JuRong Hauye New Technology, a pair of magnesium alloy casing manufacturers. Compal says the investment will strengthen its vertical integration.
Press Releases
- Altus Helps to Enhance Nexperia's Production Capabilities with Essemtec Fox MFC
- AIM to Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA Long Island Expo & Tech Forum
- BTU International Announces Strategic Partnership with Repstronics to Enhance Presence in Mexico and Central America
- High-Performance TIMs: Beyond Traditional TIM Materials