BILLINGSTAD, NORWAY – EMS firm Kitron reported second-quarter 2010 revenue of NOK 425.7 million, up 1.3% compared to the same quarter last year on higher medical demand.
Profit before tax and discontinued operations was NOK 1.7 million, down 37% year-over-year.
CHICAGO – The rebound in orders in the EMS sector has brought with it an uptick in M&A activity.
TAIPEI -- Foxconn Electronics reported July revenues of NT$196.17 billion ($6.16 billion), down a tick sequentially but up 53% year-over-year.
MINNEAPOLIS -- Nortech Systems swung to a net profit of $147,000 for its second quarter ended June 30. The EMS firm took a net loss of $1.5 million in the year ago period.
RONKONKOMA, NY -- API Technologies Corp. today reported record fiscal fourth-quarter revenue of $30.1 million, up 378% from 2009 on higher sales and acquisitions.
NEENAH, WI -- Electronics manufacturing services provider Plexus will temporarily suspend operations in one of its Oradea, Romania, plants after a fire broke out after hours.
TEKIRDAG, TURKEY – Foxconn Technology Group said it would invest some $60 million to construct a plant here to produce desktop computers.
WESTLAKE, OH -- Nordson Corp. has combined its Dage and Yestech subsidiaries into a single test and inspection group under the direction of Dage chief executive Stephen Kew.
ST. LOUIS -- Viasystems Group reported second-quarter sales in its Assembly segment were $43.7 million, up 21.3% sequentially, on strong demand in telecommunications.
PLZEN, CZECH REPUBLIC – Specialty Coating Systems has opened a 12,000 sq. ft. facility here to manufacture conformal coating, its tenth facility worldwide.
PALO ALTO, CA -- Hewlett-Packard chief executive and president Mark Hurd, credited by many for the computer giant's turnaround, has resigned after an in-house investigation found violations of company conduct standards.
DUSSELDORF, GERMANY -- Henkel said second-quarter sales increased 11.6% to 3.89 billion euros. Organic sales, after adjusting for foreign currency exchange and acquisitions and divestments, were up 6.8% sequentially.