News
SANTA FE, NM -- Compass Components will purchase Sparton Technology's Deming, NM, wire harness plant and certain
inventory and equipment, and will begin to rehire laid off employees,
according to Rick Homans, Cabinet Secretary for the New Mexico
Economic Development Department. No financial terms were disclosed.
Compass, which makes cable, harness and electromechanical assemblies, began operations at the facility yesterday. The sale of the building should be finalized by June 29.
Compass, which makes cable, harness and electromechanical assemblies, began operations at the facility yesterday. The sale of the building should be finalized by June 29.
On Jan. 8, Sparton announced it would close the
plant and lay off its 76 employees. Compass will
initially hire up to 12 employees, and officials say they
would like to ramp to 75 or more employees in one to two
years.
TOKYO -- Is Sanyo Electric Co. gearing up to sell its cellphone and digital camera businesses?
The Japanese electronics giant already outsourced its TV and home appliances businesses, part of a strategy to focus on energy and green businesses, and it taking bids on its chip division.
As Seiichiro Sano takes over as company president today, shareholders are telling the company to outsource or spin off its mobile phones and digital cameras units, too.
The Japanese electronics giant already outsourced its TV and home appliances businesses, part of a strategy to focus on energy and green businesses, and it taking bids on its chip division.
As Seiichiro Sano takes over as company president today, shareholders are telling the company to outsource or spin off its mobile phones and digital cameras units, too.
CLINTON, NY - Indium Corp. announced today a surcharge on its Ag- and Sn-containing solder pastes, effective immediately. Since January, tin has increased to $6.25/lb. from $3.36/lb. and silver has increased to $203/lb. from $133/lb. The metal cost for Pb-Free SAC 387 solder alloy rose from approximately $8.27/lb. to $13.68/lb., a 65% increase. Metal costs have been increasing steadily the past year; elevated prices are expected to prevail for the remainder of 2007. The surcharge will be eliminated when prices return to January 2006 levels.
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