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MUNICH - Siemens announced that its fourth-quarter profits rose eightfold, in part because of higher earnings in its automation units.
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YAVNE, ISRAELValor Computerized Systems reported third-quarter revenues of $9.2 million, flat with a year ago. The net profit rose 640% to $754,000 year-over-year.  For the quarter, earnings before income taxes was $714,000, up from $68,000.  

A call for papers has been issued for “The Trends and Future Requirements in Automotive Electronics,” an international symposium organized by Munich Trade Fairs International. In conjunction with electronica and ProductronicaChina, this event will be held Mar. 22 and 23 at the Shanghai New International Trade Fair Center.
 
Symposium topics are to include power train; sensors; fuel cell and hybrid; vehicle networks; electric power steering; infotainment, and simulation and test.
 
Abstracts should contain title of paper, author’s contact information, and between 250 to 400 words of text describing presentation.
 
Deadline for submitting topic proposals is Dec. 15. Send abstracts to epc1@mmi-shanghai.com.
NEW YORK – Illinois Tool Works Inc. continued its one-company consolidation spree, acquiring electronics manufacturing equipment supplier Speedline Technologies. Financial terms of the transaction were not disclosed and the deal is expected to be completed this quarter.

Speedline has been owned by KPS Special Situations Funds, a private equity group which bought the company from Cookson for roughly $10 million in 2003. Its brands include MPM, Electrovert, Accel and Camelot.
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CIUDAD JUAREZ, MEXICO -- Flextronics has completed the first phase of its planned 1.9 million sq. ft. facility in here, the company said today.

The site, as previously reported by Circuits Assembly, will perform build-to-order services, electronics assembly, metal stamping, plastic injection, repair and distribution. It will employ 4,000 employees within five years, the company said.

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TORONTO -- Electronics manufacturing services provider SMTC Corp. has expanded its San Jose footprint to accommodate more manufacturing and configure-to-order capacity, as part of its strategy on developing opportunities in the Western U.S. SMTC San Jose offers fully integrated manufacturing services ranging from assembly, testing, box-build to final product integration and customer logistics.



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