News
Ian deSouza, Universal senior vice president of operations and systems, was promoted to president, effective Aug. 16.
"I also look forward to the prospect of having very little to change. Our customers will notice no difference, except our continuing progress, growth and commitment," deSouza said in a press statement.
During the past three years, deSouza was responsibile for global supply chain, software development and manufacturing activities, including the company's new operations in China.
In a statement, Universal said DeSouza is considered the "right and natural choice" to take the company forward. For over three years he has been McEvoy's deputy.
"I welcome the opportunity to take the reins from an old friend who has distinguished himself well in the role," said deSouza.
McEvoy plans to return to the U.K., where his family resides. He is credited for pulling the company through the 2001-02 recession and returning it to profitability in 2003.
McEvoy and deSouza worked closely for the past 20 years, through prior stints at Domino Printing Science and Cambridge Instruments. They were colloquially known within Universal as the "two Ian's."
The top tier EMS company showed a GAAP net loss of $25.5 million, including a pretax charge of $51.5 million for restructuring. Celestica lost $39.8 million last year.
"Stable end markets, improved operating efficiency and benefits from cost cutting have allowed Celestica to show improvements in its second quarter results," said Steve Delaney, CEO, in a statement. "Our revenue is growing, our margins are improving, our European and Americas operations are profitable again and we are starting to show positive earnings momentum.
Celestica guided for third-quarter sales of $2.25 billion to $2.40 billion and adjusted earnings per share of 11 to 17 cents.
Celestica is continuing its acquisition of another major EMS firm, MSL. In a research note, Deutsche Bank forecast Celestica's internal restructuring, new program ramps and the acquisition of MSL would drive continued sequential operating improvement in the September quarter.Willow Grove, PA —Tyco Electronics' (http://automation.tycoelectronics.com) P350 is an x-y insertion machine for automatic insertion of PCBs.
The fully automatic machine can apply a variety of terminals for PCBs with three product-specific insertion heads. Each head has a rotary insertion finger that allows products to be applied at different angles without rotating the PCB. Conversion kits for different insertion tools are available to allow as production requirements change.
The machine is SMEMA compatible and supplied with PCB transfer belts for inline operation. PCBs are positioned under the insertion head by an x-y table driven by servo motors. A multi-tasking controller controls the entire system by driving the motors and monitoring the insertion process. Operator interface is via icon driven software with a touch screen monitor.
It can insert up to 350 pins per minute, has a maximum insertion area of 600 x 400 mm, and features 0.02 mm repeatability.
Press Releases
- SIA Applauds CHIPS Act Incentives for GlobalWafers Projects in Texas and Missouri
- ROCKA Solutions Continues Expansion in Brazil with New Location in Manaus
- Juki America Announces New Regional Sales Manager for the Southwest Territory
- WittcoSales Welcomes New Team Member to Enhance Customer Experience and Service