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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.

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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.

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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.

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