EIGHTY FOUR, PA – Ametek Specialty Metal Products named Peter Hoctor regional sales manager for Europe, responsible for sales and marketing the company’s full line of products. He has 15 years’ experience in the sales and marketing of specialty metals.
Hoctor is currently sales manager, Europe, for Reading Alloys, which was acquired by Ametek in April. Hoctor will retain his position with Reading Alloys, while assuming additional responsibilities for Ametek.
Europe accounted for the greatest portion of the company’s international sales, which topped more than $1 billion for the first time in 2007. Ametek has plants in Austria, Czech Republic, Denmark, France, Germany and the UK.
Hoctor is currently sales manager, Europe, for Reading Alloys, which was acquired by Ametek in April. Hoctor will retain his position with Reading Alloys, while assuming additional responsibilities for Ametek.
Europe accounted for the greatest portion of the company’s international sales, which topped more than $1 billion for the first time in 2007. Ametek has plants in Austria, Czech Republic, Denmark, France, Germany and the UK.
TEMPE, AZ -- Manufacturing failed to grow for the third consecutive month in April as the PMI registered 48.6%, flat with March.
The good news: Backlogs grew, breaking six consecutive months of decline, and new export orders showed continued strength. Customers inventories dropped. The Computer and Electronic Products sector reported growth in April.
HELSINKI, FINLAND – Industry reports indicate Elcoteq is in final talks to acquire Taiwan's Arima Communications, which manufactures mobile handsets for Sony and LG Electronics, among others.
Industry sources claim an announcement can be expected once terms are finalized. However, Arima has denied a possible acquisition.
Stephen Hung, spokesman for Arima, said no talks were going on between the two companies, and Elcoteq spokeswoman Minna Aila reportedly declined comment, citing company policy not to comment on market rumors.
EMS provider Elcoteq, which builds for Nokia, among others, is reportedly interested in increasing its ODM capabilities. Arima has an R&D staff in its Taiwan and China locations.
Industry sources claim an announcement can be expected once terms are finalized. However, Arima has denied a possible acquisition.
Stephen Hung, spokesman for Arima, said no talks were going on between the two companies, and Elcoteq spokeswoman Minna Aila reportedly declined comment, citing company policy not to comment on market rumors.
EMS provider Elcoteq, which builds for Nokia, among others, is reportedly interested in increasing its ODM capabilities. Arima has an R&D staff in its Taiwan and China locations.
SALT LAKE CITY – CirTran Corp. has issued a promissory note for $315,000, the EMS company's second in the past month.
Under the terms of the April 7 note, the company received proceeds of $300,000 from Albert Hagar, to whom it will repay an aggregate of $315,000 within 30 days after demand is made for payment. CirTran president Iehab Hawatmeh gave a personal guarantee for the note.
It is the second time in a month the company has issued a $315,000 note. On March 31, CirTran issued five promissory notes for an aggregate indebtedness of $315,000 to five individuals.
For its 2007 fiscal year, CirTran reported a net loss of $7.2 million on revenues of $12.4 million.
TAIPEI – Foxconn Electronics reported first-quarter net profits rose 2.9% year-over-year to NT$16.07 billion (US$528.6 million), despite sales growth of more than 20%.
MONTREAL – Aim Solder named Michael Burgess strategic account manager, responsible for the company’s line of solder assembly materials. He will manage and coordinate all promotional, sales and customer support activities.
Burgess holds a degree in engineering and brings more than 17 years of industry experience, including stints at Cookson and PhotoStencil. He is based in Monument, CO.
Montreal-based Aim is a global manufacturer of assembly materials.
Burgess holds a degree in engineering and brings more than 17 years of industry experience, including stints at Cookson and PhotoStencil. He is based in Monument, CO.
Montreal-based Aim is a global manufacturer of assembly materials.
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