SHENZHEN -- Nam Tai today reported fourth-quarter net income of $9.2 million, down 74.7% from a year ago. The company said it will exit the EMS business following the wind down of orders for LCMs at its Shenzhen facility.
TURGI, SWITZERLAND -- Enics has begun administrative procedures as part of a planned layoff of 25 workers here in response to lower industry demand, the EMS company announced. The layoffs will begin in mid February, following completion of the local consultation procedures.
Nepcon Japan is Asia’s largest electronics packaging trade show. The three-day trade show was held Jan. 14-16 at the Tokyo Big Sight convention center. Lighting Japan 2014 and Automotive World 2014 are two other trade shows held concurrently with Nepcon Japan.