News
TORONTO -- Electronics manufacturing services provider SMTC Corp. has expanded its San Jose footprint to accommodate more manufacturing and configure-to-order capacity, as part of its strategy on developing opportunities in the Western U.S. SMTC San Jose offers fully integrated manufacturing services ranging from assembly, testing, box-build to final product integration and customer logistics.
NEWARK, NY -- IEC Electronics' fourth-quarter revenue rose 95 % and net Income increased 577% over last year .
For the quarter ended Sept. 30, the EMS firm's revenues increased to $8.1 million, operating Income was up 671% to $447,000 (5.5% of sales), and net Income was $352,000.
It was the company's highest level of quarterly sales in over three years. Backlog is also at its highest point in three years. Since June the firm has added more than 100 employees.
W. Barry Gilbert, Chairman of the Board and CEO, said, "Barring unforeseen events we expect sales and profitability to continue to show quarterly improvements over the same period from the previous year. "
IEC has renegotiated its loan agreement with Keltic Financial LLC to increase borrowing capacity and to reduce associated borrowing costs.
For the quarter ended Sept. 30, the EMS firm's revenues increased to $8.1 million, operating Income was up 671% to $447,000 (5.5% of sales), and net Income was $352,000.
It was the company's highest level of quarterly sales in over three years. Backlog is also at its highest point in three years. Since June the firm has added more than 100 employees.
W. Barry Gilbert, Chairman of the Board and CEO, said, "Barring unforeseen events we expect sales and profitability to continue to show quarterly improvements over the same period from the previous year. "
IEC has renegotiated its loan agreement with Keltic Financial LLC to increase borrowing capacity and to reduce associated borrowing costs.
FORT WASHINGTON, PA — Kulicke & Soffa Industries Inc. today closed the previously announced purchase of die bonder equipment maker Alphasem.
K&S paid a $27.1 million in cash for the former Dover Technologies unit.
K&S chairman and chief executive Scott Kulicke said, “We had identified die bonding equipment as a natural growth path for K&S. The Alphasem purchase is the most attractive way for us to enter that market.
According to the most recent VLSI Research market data report, Alphasem held a 10% share of the $520 million die bonder market in calendar 2005. Alphasem had sales of approximately $60 million in 2005 for die bonders, related materials and services, and employs 260 workers.
K&S paid a $27.1 million in cash for the former Dover Technologies unit.
K&S chairman and chief executive Scott Kulicke said, “We had identified die bonding equipment as a natural growth path for K&S. The Alphasem purchase is the most attractive way for us to enter that market.
According to the most recent VLSI Research market data report, Alphasem held a 10% share of the $520 million die bonder market in calendar 2005. Alphasem had sales of approximately $60 million in 2005 for die bonders, related materials and services, and employs 260 workers.
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