Circuits Assembly Online Magazine - Current Issue

News

CHICAGO -- In its annual world outlook for commercial airplanes, Boeing predicts a 6.1% annual increase in air cargo traffic over the next 20 years. Coupled with higher fuel costs, that suggests cargo rates will continue to fly higher in coming years.

The world's largest maker of planes also predicts passenger traffic to increase 4.9% a year through 2025.

The company said worldwide air freighter fleet will nearly double over the next 20 years to 3,560 airplanes, from 1,790.

TAIPEI -- Hon Hai Precision Industry, the trading name of Foxconn, reported second-quarter earnings rose 32% over a year ago and 18% sequentially, according to media reports.

The company showed a net profit of $388 million (T$12.77 billion) for the quarter ended June, according to Reuters. That compares to a profit of roughly $328 million (T$9.98 billion) in the March quarter.

LOUISVILLE -- A federal bankruptcy judge turned down Sypris Solutions' request for quick decision by its top customer on whether to continue its supply contracts with Sypris.

Dana Corp., which makes auto parts, is said to be Sypris' largest customer, having purchased more than $120 million in parts in 2005.

The company filed for Chapter 11 bankruptcy protection in March, however, and Sypris was seeking for the court to order Dana to render a decision on whether to keep the supply contracts by Oct. 3.

According to the ruling, by contract Sypris can prevent Dana from buying those parts from another manufacturer through 2014.