SHENZHEN – Foxconn, Huawei, ZTE and more than 300 other companies have formed a local electronics manufacturing alliance, offering preferential policies for its members. It is unclear whether the preferences run afoul of WTO or other trade laws.
CHICAGO – Methode Electronics will slash 700 jobs from its U.S. automotive operations to help the components maker compete, the company said today. The moves are expected to be completed by year-end.
In a press release, the firm said only limited production and support staff would remain at its automotive operations facilities in Carthage and Golden, IL. Production of legacy connectors at its Rolling Meadows, IL, factory would be cut as well.
"As a result of fewer programs remaining for these plants and anticipated continued reduction in customer production volumes, Methode is taking this action to transfer the remaining programs from its U.S. facilities," the company said.
Methode makes a range of connector products, including thick film hybrids and flex circuits. It also owns Trace Laboratories.
SAN JOSE – Sanmina-SCI reported first-quarter revenue of $2.53 billion, up a slight 0.8% sequentially and down almost 9% year-over-year. The results were inline with company guidance.
ELKHART, IN – CTS Corp. will acquire privately held Tusonix Inc. for $12.25 million cash. The deal is expected to close by the end of January. No other terms were disclosed.
Tusonix designs and manufactures ceramic EMI/RFI filters, capacitor assemblies and related components, serving the military, industrial, instrumentation and telecom markets. The company operates from facilities in Tucson, AZ and Nogales, Mexico.
First year sales are estimated at approximately $15 million. The worldwide market for the acquired products is estimated to exceed $100 million.
CTS provides EMS services and builds automotive components.
STOCKHOLM – EMS firm Note will acquire Gloucestershire, U.K.-based EMS company Proqual, the companies announced today. No financial terms of the agreement were disclosed.
Note also announced the sacking of 124 employees in Sweden last week, as the company moves production to China and Poland.
Proqual specializes in prototype and small-run production. The company has annual sales of $7 million and 40 employees.
Note had 2006 sales of $270.9 million, and employs 1,200 worldwide.
SHANGHAI – Zestron Asia/Pacific has relocated to a larger facility in Shanghai.
Located in the Zun Xuan Industrial Park, the facility reportedly contains the largest Asia/Pacific application technology center.
The facility was designed to meet increasing customer demand for qualifying cleaning processes, and to evaluate and compare cleaning performances, Zestron said.
Located in the Zun Xuan Industrial Park, the facility reportedly contains the largest Asia/Pacific application technology center.
The facility was designed to meet increasing customer demand for qualifying cleaning processes, and to evaluate and compare cleaning performances, Zestron said.
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