TEMPE, AZ, Jan. 7 -- Three-Five Systems Inc., a provider of electronics manufacturing services, sold its headquarters here in a deal worth more than $11 million.
TFS sold the building, located at 1600 N. Desert Dr., as well as its lease-hold interest in the ground sublease to Papago Paragon Partners, an unaffiliated company.
TFS received $9.35 million in cash plus a $2 million promissory note. The deal closed Dec. 30.
PHOENIX, Jan. 5 -- EMS provider Suntron Corp. has signed a five-year lease to expand its footprint in Mexico as more business migrates to lower-cost regions.
The company said it will expand its plant in Tijuana to 110,000 sq. ft. The plant is currently 35,000 sq. ft.
"This expansion is critical to being able to continue to provide world class service in a low cost region as we continue to migrate more and more of our customers' high labor content products to our Tijuana facility," said Jim Bass, president and CEO, in a statement.
ANGLETON, TX, Jan. 6 -- Benchmark Electronics Inc. today reaffirmed fourth quarter revenue targets of $505 million to $530 million, with corresponding diluted earnings per share of $0.41 to $0.45. The guidance is in line with analysts' consensus of revenues of $521.6 million and earnings per share of $0.44, and at the upper end of guidance provided Oct. 21.
Benchmark will announce fourth-quarter results on Feb. 8.
SAN JOSE, Jan. 6 -- Three-Five Systems has deployed product lifecycle management software from Agile Softwareacross its worldwide electronics manufacturing sites, Agile said today.
In a press release, TFS said the software cut engineering change order cycle times by 90% and improved communication at its design centers.
Agile is currently deployed in seven TFS locations.
Henkel will make a cash donation of $677,000 (500,000 euros) plus clothing and hygiene products valued at $677,000 (500,000 euros).
"Henkel has endeavored to respond to this catastrophe by providing aid and assistance to the victims in as rapid and as unbureaucratic a manner as possible," said Knut Weinke, executive vice president, human resources.
Henkel is a provider of consumer and industrial brands like Loctite adhesives, Dial soap, Duck duct tape.
The 53,000 sq. ft. facility will house R&D and applications engineering for the company's die attach, semiconductor underfill, encapsulant and semiconductor mold compound products.
The company's electronics assembly materials headquarters will also move to the site.
"Combining the research and development operation with applications engineering has many benefits," says Dr. Larry Crane, global director of semiconductor research, development and engineering, in a press statement. "This shared expertise gives us the ability to enhance the coordination of customer projects, streamline product introductions, build and test parts for customers and bring advanced materials to market more quickly."
The facility houses a cutting-edge R&D lab, including an analytical and failure analysis lab. It boasts a 5,000 sq. ft. Class 10,000 cleanroom, for semiconductor applications, and a 2,000 sq. ft. surface mount production line.
Henkel said it plans several new facilities worldwide.
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