Circuits Assembly Online Magazine - Features

BREDA, HOLLAND – Cobar Europe has promoted Manfred Bult to chief operating officer, effective immediately.

Bult will report to Stan Renals, who has been promoted to chief executive officer.

Bult has been with Cobar BV since 1995, where he has served as director of order processing and procurement since 2003.

Cobar Europe, part of the Balver Zinn Group, is a global supplier of solder, solder paste, solder fluxes and related materials.

COLORADO SPRINGS, CO — Fine Line Stencil, a leading manufacturer of stencil products, has opened a stencil manufacturing facility in Memphis, the company said today.

The site will meet demand for quickturn stencils, and gives the company the ability to ship stencils up to midnight Central time.

“The quickturn demands on the contract manufacturing industry are increasing rapidly and our Memphis facility gives us the ability to accept and ship stencil orders much later in the day,” said Robert Dervaes, vice president of technology and engineering, in a press release.

Fine Line Stencil is a division of FCT Assembly.

SINGAPORE– Venture Corp. Ltd., the world's 15th largest EMS company, reported third-quarter revenue rose 3.2% year-over-year to S$965.6 million. In US dollar terms, revenues were up 13.8% to $698 million for the quarter ended Sept. 30.

DUSSELDORF, GERMANY -- Henkel's third-quarter sales rose 12% to 3,760 million euros on solid organic growth and the acquisition of certain National Starch businesses. The currency-adjusted growth was 15.8%. Net earnings fell to 107 million euros.

During the quarter, EBIT fell to 191 million euros as the company took restructuring charges of 181 million euros. The adjusted EBIT rose 6.3% to 391 million euros.

Henkel CEO Kasper Rorsted said, "All our business sectors contributed to this growth, each outperforming its relevant markets. Once again, it was particularly our businesses in the growth regions that supported this positive development. The integration of the National Starch businesses, which were major contributors to the substantial rise in total sales, continues on schedule."

Adhesive Technologies sales rose 31.8% to 1.86 million euros after adjusting for currency exchange, due to the acquisition of National Starch's Adhesives and Electronic Materials businesses. Organic growth was 3.6%. The operating profit rose to 169 million euros, up 8.1% after currency exchanges.

Henkel guided for full-year organic sales growth (after adjusting for foreign exchange and acquisitions/divestments) of 3 to 5%, and net operating profit growth of 10%.