GLENVIEW, IL – Illinois Tool Works’ power systems and electronics group reported sales rose 6.1% year-over-year for the period ended Feb. 29. Meanwhile, speculation abounds over a possible acquisition of a leading soldering equipment OEM.

 

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LONDON -- EMS provider TT Electronics reported earnings rose 7% last year on a 1% hike in sales for the year ended Dec. 31.

Pre-tax profits from continuing operations were up 6.7% to £33.3 million, before one-time profits in 2006. Sales hit £544.9 million.

The company cautioned for the 2008 outlook. “While current trading is expected to remain overall similar to 2007, the further reorganization of operations, difficulties in the credit markets and concerns as to the effect on the global economy causes the board to take a cautious view for the current year,” said executive chairman John Newman.

During the year, TT's pension fund deficit was reduced to £17.4 million from £72.6 million a year ago.

SCHAUMBURG, IL -- Misumi USA will conduct a series of configuration technical seminars in Texas next month. The four-hour seminars are on designing machines faster with configurable components and are designed to help engineers overcome time and performance pressures typically associated with custom machine builds.

The series takes place April 1, at the Hilton Houston Southwest; April 2, at the Hilton Austin Airport; and April 3, at the Hilton Arlington.

Misumi manager of product development Mike Melone, an experienced engineer of configurable components, will present.

To register visit www.misumiusa.com/techseminars.aspx.

MANCHESTER, NH – EMS firm EPM is closing its sole US factory and laying off 50 workers.

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