JACKSON, MI -- Sparton Corp. will idle its London, Ontario, Canada, facility this week, and will shutter the site by April 30, the company said today, citing economic conditions.
TORONTO -- EMS firm Adeptron Technologies today fourth quarter sales rose 31% year-over-year to $13 million. Gross profit rose 40% to $1.9 million. Net income swung to a $600,000 profit, versus a net loss of approximately $5.9 million a year ago.
LOUISVILLE, KY -- Sypris Solutions today reported revenue of $94.5 million for the fourth quarter compared to $103.7 million for the prior year period. The company reported a net loss of $10.6 million before special charges and non-cash impairments for the period ended Dec. 31, compared to a net loss of $2.2 million a year ago.
EL SEGUNDO, CA — Global shipments of HD set-top boxes, camcorders, DVD players and video-game consoles are expected to triple from 2008 to 2012, as HD becomes the ubiquitous video standard worldwide, according to iSuppli Corp.
EL SEGUNDO, CA – Nokia’s decision to move production in-house will rob the EMS industry of more than $5 billion in revenues, according to iSuppli.
HORTEN, NORWAY -- Top 40 EMS firm Kitron will close its plant here and lay off 15 employees, according to published reports.
TWEEDBANK, SCOTLAND -- Plexus will open a 25,000 sq. ft. manufacturing site here and with a staff of up to 50 once the plant goes live later this year.
MONTREAL -- The global market for electronics manufacturing services will grow at an 8.5% CAGR through 2014, according to new market research.