News
AYLESBURY, ENGLAND -- EMS company TT Electronics has acquired the contract assembly arm of Dage Holdings Ltd. No financial details were made available.
Dage Electronics Integrated Systems has sites in
Suzhou, China, and the
U.K.
TT Electronics called the asset acquisition "complementary," saying
DEIS has strong backplane design and manufacturing capabilities.
MIAMI -- Day two of a conference for electronics hardware OEMs and their EMS suppliers was "relatively neutral," the sponsoring firm said today. One company, Plexus, suggested a possible acquisition in Eastern Europe.
In a report issued today, Deutsche Bank said Celestica CFO Anthony Puppi gave cautious forecast for end-market demand this year.
Celestica and Plexus said the March quarter is running to expectations, despite continuing pricing pressure. At the end of its latest, 15-month restructuring plan, Celestica expects capacity utilization to reach 70%.
Plexus CEO Dean Foate said that the EMS firm's top-line growth this year will be
primarily from new program ramps. The company has restructured several supply-chain agreements, "which should help drive improved working capital management in the March quarter and beyond," DB said.
Plexus also said an acquisition or greenfield expansion in Eastern Europe was a possibility.
The company expects its Penang, Malaysia, plant will reach breakeven by late in the third quarter, DB said..
In a report issued today, Deutsche Bank said Celestica CFO Anthony Puppi gave cautious forecast for end-market demand this year.
Celestica and Plexus said the March quarter is running to expectations, despite continuing pricing pressure. At the end of its latest, 15-month restructuring plan, Celestica expects capacity utilization to reach 70%.
Plexus CEO Dean Foate said that the EMS firm's top-line growth this year will be
primarily from new program ramps. The company has restructured several supply-chain agreements, "which should help drive improved working capital management in the March quarter and beyond," DB said.
Plexus also said an acquisition or greenfield expansion in Eastern Europe was a possibility.
The company expects its Penang, Malaysia, plant will reach breakeven by late in the third quarter, DB said..
GREENVILLE, SC -- The recently resigned chief executive of Kemet Corp. will receive $425,000 in cash plus other benefits as parting gifts, the company reported in an SEC filing.
Graves abruptly resigned from the company effective Jan. 26.
According to an 8-K filing by the firm, Graves, a former chief executive and director , will receive $35,416.67 per month for 12 months, $10,600 toward a car allowance, and various insurance benefits and outplacement services.
Graves is subject to a noncompete provision for the next 12 months.
Graves abruptly resigned from the company effective Jan. 26.
According to an 8-K filing by the firm, Graves, a former chief executive and director , will receive $35,416.67 per month for 12 months, $10,600 toward a car allowance, and various insurance benefits and outplacement services.
Graves is subject to a noncompete provision for the next 12 months.
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