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BEIJINGEnics will invest several million euros to increase the capacity of its plant here, a move that could mean 50% more employees.

The EMS firm said customer orders have grown significantly for the past 12 months.

The manufacturing area expansion would permit the head count to rise to 900, if needed, from the current 600. SMT capacity will increase by 100%, the firm said.

“Our market situation has developed positively during the first half of the year and this has lead us to decide to increase the capacity at Beijing plant. The growth has been possible through strong customer focus and drive for continuous improvement by the whole Enics Beijing Team,” said Ari Räisänen, senior vice president, operations.
 
The capacity increase project will be made in several phases beginning in the September quarter and ending by December.

ELK GROVE VILLAGE, IL – EMS firm SigmaTron International Inc. today reported fourth-quarter revenues were $35 million, up 29% compared to the same quarter last year.

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TAIPEIFoxconn Electronics (Hon Hai) reported non-consolidated revenues of $6.15 billion for June, up 20.9% sequentially and 54.2% year-over-year on strong consumer electronics and PC shipments.

The mark set a company monthly high.

The firm’s revenues in the first half of the year were nearly $29 billion, up 57% compared to the same period in 2009.

With consumer electronics demand expected to remain strong in the third quarter, some forecasts predict Foxconn’s revenues could hit $6.2 billion in July.

MILTON, NYSono-Tek Corp. reported first-quarter sales of $2.3 million, up 56% year-over-year.
 
The firm had net income of $94,752 for the quarter, compared to a net loss of $169,427 for the prior year period. 

During the quarter, sales of most products increased, in particular fluxer units, widetrack units and solder recovery systems when compared to the prior year, the firm says. Sono-Tek also increased its spending for engineering and market development.

The second quarter is expected to be as strong or stronger than the first quarter.

Sono-Tek develops and manufactures liquid spray products based on ultrasonic nozzle technology.

NEW YORK -- Macroeconomic issues will temper revenue and earnings growth among contract electronics manufacturers over the next few quarters, a leading industry analyst said last night.

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NEW YORK -- Pressures to reduce costs will be the primary drivers of decisions by aerospace and defense companies to use external engineering services during the next two to three years, according to Accenture research released today.

 

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