News
PECS, HUNGARY – Elcoteq has pledged to soon employ 7,000 workers here again, following a meeting with government officials in Budapest, say published reports.
Elcoteq announced early last month it would let 700 workers go at the end of September. It currently employs about 4,000 at the site.
But after meeting with top Elcoteq leaders, a leading Socialist Party official said the cuts are temporary. “Founder of Elcoteq Antii Piippo and chairman CEO Jouni Hartikainen assured us that Elcoteq made a strategic decision when it set up its European production centre in Pécs,” said Socialist Party member Endre Bókay, according to reports.
SHENZHEN -- SMTA China last week presented awards for seven papers for its annual SMTA South China technical conference.
TEMPE, AZ -- Manufacturing economic activity expanded in August for the first time in 19 months and the overall economy grew for the fourth consecutive month, according to the latest survey of US supply executives.
WATERLOO, ONTARIO – Terepac Corp. has begun shipping samples of its ultra-thin, flexible, silicon-based products from its plant here, says CEO Ric Asselstine.
Following four years of development, the company is entering into pilot scale production of Microscale Circuit Cluster products.
Terepac is beginning with HF/NFC and UHF embedded electronic products, and has signed agreements with two customers. It will progress into wirelessly networked sensors.
The company has signed a collaboration contract with a research institute to fabricate and commercialize a flexible medical monitoring system.
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