News
OSLO – Electronics manufacturing services firm Kitron reported first-quarter revenue of NOK 450.4 million, up 4.8% year-over-year.
EBIT was NOK 21.5 million, up nearly 94% compared to the same period last year. EBITDA was NOK 30.4 million, up 62% year-over-year.
Orders for the quarter were NOK 448.1 million, while the order backlog was NOK 797 million, up 9.2% and down 2.5% respectively.
Kitron ranked 45th on this year's CIRCUITS ASSEMBLY Top 50.
NOK 1 = US$0.1744
TOKYO – DuPont-Toray has filed a lawsuit in Tokyo District Court against Ube Industries for allegedly infringing a Japanese patent related to formulation and properties of polyimide film used in chip-on-flex circuits.
In its court filing, DuPont-Toray alleges Ube has infringed patent no. 4777471 covering Kapton polyimide film.
The firm says Ube manufactured and sold polyimide film graded as UPILEX SGAV1.
VELDHOVEN, THE NETHERLANDS – Assembléon is transferring to a new CEO and management, one year after spinning off from Royal Philips.
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