SEOUL – Koh Young Technologies this month will relocate its Seoul headquarters to a larger building.
The new facility has twice the available space as the firm’s original headquarters, said president and CEO Dr. Kwangill Koh.
The firm will occupy two floors, one devoted to development/sales/support, and one to manufacturing.
Koh Young provides solder paste inspection and automated optical inspection systems.
BILLINGSTAD, NORWAY – Kitron, a top 40 global EMS company, reported fourth-quarter revenue of NOK 423.9 million, down 35.3% from the same period last year.
The net profit was NOK 12.9 million, down from 63.5 million a year ago. The current results include a loss from discontinued operations of NOK 2.89 million.
The pretax profit was NOK 12.8 million, down from NOK 59 million. Cash flow from operations was NOK 62.3 million, roughly flat with last year’s NOK 66.5 million. Orders fell 17% to NOK 454.7 million and backlogs dropped 18.1% to NOK 795.8 million.
Defense sales were down 44.1%, data/telecom was down 38.5%, medical equipment was off 15.3% and industrial decreased 40.3%.
“While the activity level in fourth quarter [was] lower, we see a stable trend toward improved market conditions quarter by quarter,” Kitron said. “The slow but steady improvement in the order backlog continued in Q4 and is another sign of the improved market conditions.”
Kitron said it would set up a second operation in China to expand market coverage. The new unit will start manufacturing in the second half of 2010. It also will divest its development department and enter a strategic alliance with a dedicated development company.
TORONTO -- Celestica has invested $2.8 million recently in its healthcare division, adding capabilities and staff.
ANGLETON, TX -- Benchmark Electronics today reported sales of $600 million for the quarter ended Dec. 31, up 3.1% from 2008 and 18% sequentially.
WASHINGTON – US regulators are determining if defective electronic systems played a part in several rapid acceleration incidents of Toyota vehicles, according to a Transportation Department official.
SANTA CLARA, CA – The International Electronics Manufacturing Initiative begins its North American 2011 Roadmap technology working groups this month.
Agilent Technologies will host an iNEMI Roadmap meeting Feb. 23-24 in Santa Clara, CA.
iNEMI is also scheduling a webinar for Mar. 19 to review information from the medical and automotive PEGs with the European market.
iNEMI membership is not required to participate. For more information about this month’s meeting, visit http://www.inemi.org/cms/calendar/2011_RM_NA_Feb10.html.
For information about the March webinar, visit http://www.inemi.org/cms/calendar/2011_RM_Eur_PEG_Mar10.html.
Additional meetings will be scheduled in the coming months, including workshops in Europe, hosted by IMEC in Leuven, Belgium; North America; and Asia, hosted by Taiwan Printed Circuit Association in Taipei, and co-sponsored by the Taiwan Semiconductor Industry Association, Advanced Microsystems and Package Technology Alliance and Surface Mount Technology Association Taiwan.
Final Roadmap chapters are due in September.
SAO PAULO – A new trade show for electronics assemblers in Brazil is planned for the fall.
The Global Electronics Manufacturing Expo Brazil will be held at the Expo Center Norte in São Paulo Oct. 5-7.
The new event will feature a conference program, including IPC training and certification workshops from IPC registered training specialists; advanced training workshops from a range of international experts; training workshops from exhibitor and local training companies, and a vendor conference program.
For more information, visit www.gemexpobrazil.com.
EINDHOVEN, THE NETHERLANDS – Assembléon has started a research project to develop a new generation of sustainable pick-and-place solutions for the electronics assembly industry.
The new generation aims to minimize the environmental impact of the machine during the design phase.
Assembléon’s activity is part of an overall development project called SUPREME (SUstainable PRoduction EquipMEnt).
Other partners in this project are firms and institutions from the high-tech Dutch Brainport Region, including the Technical University of Eindhoven, research institute TNO, Xycarb Ceramics, Tegema Group and Fiberworx.
SenterNovem, the sustainability office of the Dutch ministry of economical affairs, and the Dutch Organization for Scientific Research have provided a substantial subsidy for the project.
LAGUNA, PHILIPPINES – Integrated Microelectronics Inc. said it would close a business unit and lay off 405 staff as a result of a client ceasing orders.