News
ANGLETON, TX – Contract manufacturer Benchmark Electronics posted sales of $570 million for the quarter ended Sept. 30, down 7.2% year-over-year on an unexpected drop in its test and instrumentation market segment.
BANNOCKBURN, IL – The electronics manufacturing services market is projected to grow 14.8% globally and 10.2% in North America this year, according to a new IPC study.
BILLINGSTAD, NORWAY – Electronics manufacturing services firm Kitron reported third-quarter 2011 revenue of NOK 352.7 million, up a slight 0.2% year-over-year.
Earnings before interest and tax were NOK 9.2 million, down 17.8% compared to the same period last year.
Net income for the quarter was NOK 5.6 million, up 11.4% year-over-year.
New orders accounted for NOK 391.6 million, and the backlog was NOK 820.8 million, up 17.2% and down 3.2% respectively.
The company opened a factory in China in September. Production has begun, and strong growth is expected during the next 12 to 18 months.
US$1 = NOK 5.4141
