News
Ruwel AG and Fuba Printed Circuits, which have joint sales of 270 million euros (about $325 million), say their combined buying power has the potential for "considerable savings" on raw materials. The companies also plan to coordinate sales and production efforts, in order to reverse downward pricing pressure and benefit from economies of scale.
Ruwell operates plants in Goch, Wetter, Grassau, Pfullingen, Nykøbing and and two in Geldern.
Fuba has plants in Gittelde, Dresden, and has JVs in Tunisia and India. The capacity of the Tunisia factory was recently increased by 80,000 m², to 200,000 m² per annum. Additional expansion will take it to 320,000 m² by year-end.
Montreal, Aug. 3 -- Coreco Inc. posted its highest quarterly revenues in three years as second-quarter sales rose 27% to $6.2 million.
Net income almost doubled vs. a year ago, to $552,849. Sales were up 17% sequentially.
Gross margins increased to 61.1% of sales from 58.7% last year and 60.7% last quarter.
Coreco, which makes frame grabbers and other products and software for machine vision equipment, said all major geographic markets saw higher sales, with Asia up 46%, the U.S. up 28% and Europe up 13%. Asia accounted for 30% of total sales, North America for 45% and Europe for 25%.
"Our second quarter continued the surge in results that we reported in the first quarter," said Keith Reuben, CEO, in a press statement. "We are pleased by the renewed strength in all our geographic markets as well as among our core OEM customers in the semiconductor and electronics industries.
"The machine vision market is currently in an expansion phase, particularly in Asia," he said.
During the quarter Coreco opened a sales support office in Japan, its first outside North America.
Indianapolis, IN, Aug. 3 -- Specialty Coating Systems' (scscookson.com) new 1,700 sq. ft. cleanroom in Indianapolis is now operational. The design features ISO Class 7 and Class 6 areas, and an ISO Class 5 area for component fixturing and examination.
The addition allows the SCS Indianapolis coating center to manage products -- including receiving, cleaning, coating, inspecting and repackaging products for shipment -- within an environmentally controlled area. Laminar air flow, gowning and masking, and HEPA filtering control the bioburden, minimizing the sterilization dosage required prior to a medical device's use.
The controlled environment incorporates the company's new deposition system, which was specifically designed for fully automated coating in a cleanroom environment. The deposition system allows for device loading and unloading in the Class 6 room, while the coating system resides in the Class 7 service chase. The coating chamber is optimized for production level quantities of critical items such as medical device components and implantables, semiconductors and other devices.
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