WEST CHICAGO, IL -- Sales of connectors for electronics products reached $35.4 billion this year, according to Bishop & Associates research firm.
By region, North America was the largest region, at $9.34 billion, or 26.4%, edging out Europe, at $9.12 billion (25.8%).
Japan was third at $6.11 billion (17.3%), followed by China ($4.74 billion, 13.4%), and the rest of Asia ($4 billion, 11.4%) .
By region, North America was the largest region, at $9.34 billion, or 26.4%, edging out Europe, at $9.12 billion (25.8%).
Japan was third at $6.11 billion (17.3%), followed by China ($4.74 billion, 13.4%), and the rest of Asia ($4 billion, 11.4%) .
New York -- Air freight markets throughout Asia are being hit with a range of market conditions that are fueling rates and fuel surcharges and curtailing lift availability.
Following the weeklong China Holiday celebration, the marketplace experienced a sudden surge of shipments, according to freight forwarder Trans Global Logistics. Electronics and hardgoods manufacturers in Northern Asia have had a significant impact on the market, and in Korea absorbed 70% of the lift out of Incheon Airport. Adding to the scramble for available lift, Microsoft is rumored to be making plans to move 2,700 tons of cargo by mid-November.
All Asian and Indian Subcontinent regions are reporting longer transit times. Shipments moving through the primary regional hubs of Singapore, Seoul, Tokyo and Taipei can take an extra four to five days to connect, says TGL.
In Southeast Asia and India, space availability is tight, but rates are relatively stable. Meanwhile, in Shanghai carriers are signaling another rate increase of 10% in late November and rates in Taiwan will increase 13-15%, the country’s third rate increase since September.
Following the weeklong China Holiday celebration, the marketplace experienced a sudden surge of shipments, according to freight forwarder Trans Global Logistics. Electronics and hardgoods manufacturers in Northern Asia have had a significant impact on the market, and in Korea absorbed 70% of the lift out of Incheon Airport. Adding to the scramble for available lift, Microsoft is rumored to be making plans to move 2,700 tons of cargo by mid-November.
All Asian and Indian Subcontinent regions are reporting longer transit times. Shipments moving through the primary regional hubs of Singapore, Seoul, Tokyo and Taipei can take an extra four to five days to connect, says TGL.
In Southeast Asia and India, space availability is tight, but rates are relatively stable. Meanwhile, in Shanghai carriers are signaling another rate increase of 10% in late November and rates in Taiwan will increase 13-15%, the country’s third rate increase since September.
In Hong Kong, demand for space is outpacing supply and carriers are responding slowly to demands for more capacity. The situation to Europe is worse: Air freight rates to key gateways are higher than to the U.S., and the cost of charter craft is being bid upwards of $400,000.
DOWNERS GROVE, IL, and INDIANAPOLIS — Made2Manage Systems has paid $5 million cash to acquire Capri Corp., parent company of ERP software provider Cimnet Systems.
M2M president and CEO Jeff Tognioni said in a press release that the acquisition should help the company expand geographically and strengthen its presence in the PCB manufacturing sector.
Mehul Davé, president of Capri Corp., added that Cimnet customers should not experience any disruption in service delivery, customer support or training during the transition.
The Boards of both companies have approved the transaction, which is expected to close by the end of 2005.
Made2Manage Systems provides ERP solutions for manufacturers across multiple manufacturing industries in the U.S., Canada and UK.
M2M president and CEO Jeff Tognioni said in a press release that the acquisition should help the company expand geographically and strengthen its presence in the PCB manufacturing sector.
Mehul Davé, president of Capri Corp., added that Cimnet customers should not experience any disruption in service delivery, customer support or training during the transition.
The Boards of both companies have approved the transaction, which is expected to close by the end of 2005.
Made2Manage Systems provides ERP solutions for manufacturers across multiple manufacturing industries in the U.S., Canada and UK.
NEENAH, WI -- Plexus Corp. reported fourth-quarter
sales rose 18% to $322.2 million and net income of $10.5 million, reversing a net loss of $37 million last year.
For the fiscal year ended Oct. 1, the EMS firm showed a net loss of $12.4 million on revenues of $1.23 billion. Last year, Plexus reported and a net loss of $31.6 million on revenues of $1.04 billion.
For the fiscal year ended Oct. 1, the EMS firm showed a net loss of $12.4 million on revenues of $1.23 billion. Last year, Plexus reported and a net loss of $31.6 million on revenues of $1.04 billion.
SAN JOSE -- Sanmina-SCI
Corp.'s fourth-quarter profit grew to $15.1
million, despite a revenue slide of 16% to $2.77 billion over last year.
The company took $18.3 million in one-time charges for the quarter.
GREENVILLE, SC -- James P. McClintock resigned as head of business units and new business development of passives components maker Kemet Corp., effective Nov. 1.
The company did not disclose a reason in a press release issued Oct. 31.
On Oct. 26, Kemet reported a narrower quarterly loss.
McClintock is a former president and chief operating officer of the company. McClintock will receive separation pay of $320,000, a car allowance worth $6000, and health, life and disability insurance benefits for six months subject to certain terms and final agreement.
The company did not disclose a reason in a press release issued Oct. 31.
On Oct. 26, Kemet reported a narrower quarterly loss.
McClintock is a former president and chief operating officer of the company. McClintock will receive separation pay of $320,000, a car allowance worth $6000, and health, life and disability insurance benefits for six months subject to certain terms and final agreement.
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