Latest News
SHANGHAI CITY – Foxconn said it would begin construction of its China headquarters here May 10, say reports.
The site will serve as the electronics manufacturer’s mainland operational center, its R & D center in the Yangtze River Delta region, and an e-commerce center.
The building is expected to be completed in 2015.
NEWARK, NY -- IEC Electronics reported fiscal second-quarter net income rose 49% year-over-year to $2.61 million.
LOS ANGELES -- Ducommun last night reported a big first-quarter jump on sales, primarily the result of its acquisition of LaBarge.
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BANGKOK – Fabrinet reported third-quarter fiscal 2012 revenue of $139 million, down 28.7% year-over-year.
MINNEAPOLIS – HEI reported first-quarter sales of $9.1 million, down 6.2% year-over-year.
The firm generated a net loss of $157,000 for the period, compared to net income of $185,000 in the first quarter of 2011.
“Our first-quarter results were negatively impacted by a design contract postponed until late in 2012 by one of our customers in our Boulder operation, which generated an unexpected loss for the Boulder division,” said CEO Mark B. Thomas.
“For our Victoria operation, we succeeded in securing two contracts in April that we have been working on for the past three years, providing components to two government contractors in support of the Joint Tactical Radio Systems or JTRS program for the US military.”
HEI designs and manufactures microelectronics, substrates and software solutions.
SUZHOU, CHINA -- Panasonic Factory Solutions Suzhou has begun operations at its new 376,000 sq. ft. factory here, where it will build SMT placement equipment and peripherals.
LAGUNA, PHILIPPINES – Integrated Micro-Electronics Inc. reported net income rose 128% year-over-year to $853,900 on regional improvements and lower operating expenses.
HELSINKI -- Scanfil EMS Oy reported net profits of EUR 1.2 million ($1.57 million) despite weak demand for telecommunications, offset in part by strong demand for professional electronics products.
HELSINKI, FINLAND -- PKC Group reported first quarter net sales grew 149.7% year-over-year on acquisitions and demand for wiring harnesses. Sales for the period ended March 31 were 242 million euros.
BANNOCKBURN, IL – IPC is surveying members to measure the impact of “onshoring”: the migration of manufacturing operations back to the Americas from overseas in the electronics industry.
The survey will compile data to quantify onshoring (also known as reshoring) in terms of both location of operations and sourcing. Companies and suppliers in the electronics manufacturing industry in the Americas that wish to participate may do so until May 25 by visiting www.ipc.org/on-shoring.
The study looks at onshoring from three perspectives: electronics manufacturing operations moving back to the Americas, new operations that companies choose to build in the Americas, and whether electronics companies are changing suppliers to source more materials from their home region.
IPC’s study is designed to measure the changes that have taken place since 2008, identify where and in what product segments onshoring is occurring, explain why onshoring is occurring, quantify the impact on revenue and jobs in the Americas, and assess the current business environment, as well as the future outlook of onshoring.
The results will be published in June.
Press Releases
- Robert C. Donovan Joins DISTRON CORPORATION, Marking the Third Generation in Family Leadership
- Incap UK Invests in SMT Technology as Part of Long-Term Operational Development
- Evolve Manufacturing Celebrates 100 Years of Combined Leadership in Medical Device Manufacturing; Noreen King Comments
- STI Celebrates Christy Hill’s 20 Years of Dedicated Service; David Raby Comments