Circuits Assembly Online Magazine - Current Issue

News

TORTOLA, BRITISH VIRGIN ISLANDS -- Bonso Electronics International, a maker of sensor and communications products, reported net sales rose 29.7% to $20.7 million for the three month period ended Sept. 30. Net income rose 98% to $483,000 during that time.

Prices for oil, raw material and labor cut the gross profit margin from 19.7% to 18.9% in the quarter.

PHOENIX -- Electronics manufacturing solutions provider Suntron Corp. today reported an operating loss of $2.6 million on net sales of $70.6 million for its third quarter. The net loss increased $2.2 million to $3.7 million.

The results include $1.2 million of professional fees related to outstanding litigation and $1.1 million of restructuring charges related to severance, retention and lease exit costs tied to the closure of two U.S. manufacturing operations.

TORONTO -- Celestica Inc. will form a joint venture with IT services provider HCL Technologies Ltd. to provide concept-to-manufacturing solutions.

The companies said the JV will integrate the supply chain including product concept, design, engineering, manufacturing, fulfillment, sustaining engineering, reverse logistics and after-market services.

Celestica and HCL have had a three-year relationship during which they have supplied integrated solutions to telecom, enterprise, consumer, medical, aerospace and semiconductor customers. HCL's software is in use in Celestica's Solutions Accelerator platforms for server blades, WiMAX, ATCA and storage equipment.

"Our customers are increasingly being challenged to compress their concept-to-manufacturing schedule," said Dave Tiley, Senior Vice President, Global Services, Celestica. "This exciting joint venture between two world-class companies creates a highly integrated, flexible offering that enables OEMs to focus on IP generation while Celestica and HCL focus on time-to-market and total cost of ownership."