STOCKHOLM -- Mycronic updated its financial targets for the period from 2027 through 2030, with the SMT equipment OEM now forecasting net sales of SEK10 billion ($924.9 million). EBIT will exceed SEK2 billion, the company added.

Mycronic also said it will reduce its own CO₂ emissions by 50% by the end of the forecast period.

“After having successfully reached our previous financial targets, we have now set new ambitious growth and profitability targets," said Anders Lindqvist, president and CEO, Mycronic. "In addition, we present the sustainability target alongside the financial targets. We will double net sales and EBIT and in parallel halve our own CO2 emissions. The Group’s EBIT margin shall be above 20%, the individual divisions’ EBIT margin shall be above 10% and we will commit to setting science-based targets.”

PCB West: The leading technical conference and exhibition for electronics engineers. Coming Oct. 4-7 to the Santa Clara (CA) Convention Center. pcbwest.com

SAINT-HERBLAIN, FRANCE -- Lacroix reported second quarter revenue of €173.2 million, up 36.2% from 2021, driven by the integration of Firstronic and higher selling costs for components.

WROCLAW, POLAND -- Jabil is investing $3 million in a new design center here, scheduled to open in October.

MINNEAPOLIS -- Nortech Systems announced this week that the US Patent Office has issued a patent for the company’s Flex Faraday Xtreme, a flexible printed circuit for transmitting high frequency signals while precisely controlling both crosstalk and impedance, minimizing electromagnetic interference, improving parallel transmission alignment, and increasing data density.

BANNOCKBURN, IL — North American electronics manufacturing services shipments in July were up 22.7% versus a year ago, but fell 3.2% sequentially, IPC announced today.

BANNOCKBURN, IL — Total North American PCB shipments in July were up 4.5% compared to the same month last year.

INCHEON, KOREA - Henkel Korea announced the completion of its state-of-the-art Songdo Plant within the Songdo High-tech Industrial Cluster in Incheon, which will become the Asia-Pacific production hub for high-impact electronics solutions of the Adhesive Technologies business unit.

WESTLAKE, OH -- Nordson said its Advanced Technology Solutions unit's sales increased 7% from a year ago to $321 million in its fiscal third quarter.

LYNCHBURG, VA -- Electronic Design and Manufacturing held a groundbreaking ceremony on Aug. 22 to mark the commencement of construction on an 11,400 sq. ft. expansion of its manufacturing facility.

PEACHTREE CITY, GA – AUGUST 8, 2022 – Printed circuit engineers are ready to get back to face-to-face events, and the PCB West technical conference has all the reasons they need to make their return to live interaction more than worth their time.

BANNOCKBURN, IL – Current conditions for the electronics supply chain remain challenging, with 86% of electronics manufacturers experiencing rising material costs, while 76% indicate labor costs are increasing, says IPC's August report measuring global sentiment of the electronics supply chain.

NEVADA CITY, CA – The worldwide electronics assembly market consisted of approximately $1.45 trillion in terms of cost of goods sold (COGS) as of 2021, a new report says.