SIEVI, FINLAND – Scanfil reported first quarter profits rose 54.5% to 1.1 million euros on an 8% increase in revenue. During the March quarter, the EMS company totaled sales 47.6 million euros on higher demand from the long-lagging telecom sector.
MINNEAPOLIS -- Nortech Systems today reported net income for its first quarter of to $86,000, down 39% from last year, when the EMS firm received a tax benefit of $70,000. Without the credit, net income was up 21.1%.
SPOKANE VALLEY, WA – ACE Production Technologies will acquire the lead tinning business portfolio of GPD Global, the companies announced today. Financial details were not disclosed.
ST. LOUIS -- Viasystems Group's Assembly segment had sales of $42.6 million, up from $31.9 million a year ago, but the operating loss rose to $3.9 million from $1.1 million last year.
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SINGAPORE -- MicroCare today announced the opening of a distribution center here to serve its customers in the Pacific Rim, and named Jerald Chan to manage the new division.
LAGUNA, PHILIPPINES — Integrated Micro-Electronics today said first-quarter net income surged $5 million from $253,100 a year ago on higher sales in most geographies. Revenues for the period rose 25% to $205.7 million over 2013.
