YAVNE, ISRAEL -- Orbotech Ltd. today released a statement saying the company is "actively engaged in negotiations" with Fin.Pro S.p.A over the sale of its European and American
assembly AOI business.
Orbotech's chief executive said the company hopes a sale can be reached quickly "to minimize disruption to our existing client base, while providing a clear path for our customers to continue to receive best-in-class solutions and professional service in the future.”
Orbotech's chief executive said the company hopes a sale can be reached quickly "to minimize disruption to our existing client base, while providing a clear path for our customers to continue to receive best-in-class solutions and professional service in the future.”
BREDA, HOLLAND – On Nov. 15, Cobar Europe (Cobar BV) marked its 25th anniversary.
Cobar Europe is part of Cobar Group, which includes Cobar Solder Products Inc. in the US, plus joint ventures and licensed manufacturing partnerships globally.
The Cobar Group is part of Balver Zinn.
Cobar Europe is part of Cobar Group, which includes Cobar Solder Products Inc. in the US, plus joint ventures and licensed manufacturing partnerships globally.
The Cobar Group is part of Balver Zinn.
SIOUX FALLS, SD – Raven Industries Inc. reported third-quarter Electronic Systems division sales of $17.9 million, down 12% year-over-year. Operating income was down 49% to $1.8 million.
However, strong demand for flow controls division products lifted revenues and earnings to new highs for the third quarter and year-to-date ended Oct. 31. Third-quarter sales grew 22% year-over-year to $75.5 million. Net income was $8.4 million, up 13% compared to the same quarter last year.
For the nine months, sales of $220 million represented a 25% improvement over the same period in 2007, while net income expanded 20% to $26.1 million.
For the quarter, sales at the flow controls division expanded 61% from a year ago, to $25.9 million. Year-to-date revenues were up 75%, reaching $83.5 million.
Electronics Systems’ sales for the nine-month period were down 11%, to $45.9 million, and operating income was $3.7 million, down 56% year-over-year.
However, strong demand for flow controls division products lifted revenues and earnings to new highs for the third quarter and year-to-date ended Oct. 31. Third-quarter sales grew 22% year-over-year to $75.5 million. Net income was $8.4 million, up 13% compared to the same quarter last year.
For the nine months, sales of $220 million represented a 25% improvement over the same period in 2007, while net income expanded 20% to $26.1 million.
For the quarter, sales at the flow controls division expanded 61% from a year ago, to $25.9 million. Year-to-date revenues were up 75%, reaching $83.5 million.
Electronics Systems’ sales for the nine-month period were down 11%, to $45.9 million, and operating income was $3.7 million, down 56% year-over-year.
HIALEAH, FL – Simclar Inc. reported sharp revenue drops for its past two quarters, citing the telecommunications infrastructure sector, which accounts for some 60% of the company's business, and production problems in its Mexico facility.
SAN JOSE – Global sales of semiconductors will fall 2.2% in 2009, according to a revised forecast by the World Semiconductor Trade Statistics group, citing the overall economy.
MINNEAPOLIS – DfR Solutions, provider of quality, reliability, and durability solutions, has hired Dr. Randy Schueller, an expert in component packaging and Pb-free.
Dr. Schueller will head the firm’s newly established Minneapolis office.
Prior to joining DfR, Dr. Schueller held management and leadership positions in component engineering, Pb-Free transition, and packaging at 3M, Extreme Devices and Dell.
Dr. Schueller will head the firm’s newly established Minneapolis office.
Prior to joining DfR, Dr. Schueller held management and leadership positions in component engineering, Pb-Free transition, and packaging at 3M, Extreme Devices and Dell.
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