News
SINGAPORE – Electronics manufacturing services provider Venture Corp. reported fourth-quarter 2011 revenue of S$632.5 million, down 10.3% year-over-year and up 8.4% sequentially.
Fourth-quarter net profit was S$38 million, down 30% year-over-year and up 7.3% sequentially.
Full-year 2011 sales were S$2.4 billion, down 9.1% year-over-year.
The firm attributes the decline to the depreciation of the Singapore dollar.
2011 net profit was S$156.5 million, down 16.8% compared to 2010.
The company closed 2011 with net cash of S$309.1 million.
Venture anticipates improved traction with several customers in 2012, but is cognizant of the uncertainty of the global economy.
Ed: S$1 = US$0.7966
SAN JOSE – The 90-day moving average of semiconductor equipment orders at North America-based manufacturers was $1.18 billion in January, up moderately over the revised December numbers.
GAINESVILLE, GA – Count On Tools announced another expansion of its manufacturing operations at its headquarters here.
The expansion is in response to demand for SMT nozzles and consumables, as well as precision contract machining services.
The firm said it recently purchased a Haas TL-2 Toolroom Lathe.
Count On Tools provides precision components and SMT spare parts.
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