Circuits Assembly Online Magazine - News

Latest News

MINNEAPOLIS -- Nortech Systems reported net sales fell 38% to $19.9 million for the period ended June 30.

ARLINGTON, VA -- "The worldwide components market appears to be steadying and poised for modest growth beginning in the fall/early winter time frame."

MANKATO, MN -- Winland Electronics reported second-quarter net sales of $5.7 million, down 16.5% from last year.

BILLINGSTAD, NORWAY -- Kitron today reported second-quarter revenue fell 25.4% from last year to NOK 427 million ($70 million) on weaker defense and industrial sales.

BRUSSELS – IPTE reported sales fell 23.6% year-over-year to 44 million euros as EMS sales fell 29.7% from last year.

TAIPEI -- Foxconn Electronics (Hon Hai) today reported July revenues fell 1.62% year-over-year to NT$128.16 billion ($3.91 billion).

BANNOCKBURN, IL -- The industry continues to do battle over a proposed standard governing limits of chlorine and bromine in electronics assemblies, with opponents continuing to vote against publishing the pending document until verifiable test methods are developed.

VERNON HILLS, IL -- Zebra Technologies will outsource 90% of its printer production to Jabil, up from 59%, the company said last week.

OXFORDSHIRE, UK – The Smart Group has finalized the program for its 25th Anniversary Seminar, to be held here Oct. 22.

Two speakers from Rockwell Collins will present the keynote, titled Manufacturing Wrong: Case Studies in Non Conformance.

Other presentations cover reliability, business and environment issues.

For more information, visit http://www.smartgroup.org/images/stories/events/25thAnniversarySeminar.pdf.

LUXEMBOURG -- Elcoteq today said it would lay off about 18% -- some 700 workers -- of its staff at its manufacturing unit in Pecs, Hungary, in response to falling demand.

DUSSELDORF – Today Henkel reported second-quarter sales fell 5% year-over-year to 3.49 billion euros.

Adjusted operating profit decreased 17.2% to 308 million euros. Net earnings for the quarter rose 257%, to 150 million euros.

Organic sales in the adhesive technologies business sector declined 15.4% year-over-year, but improved compared to the first quarter. Laundry and home care and cosmetics/toiletries had organic growth rates of 6.3% and 3.5%, respectively.

“Again in the second quarter of 2009, Henkel felt the effects of the continuing world economic recession,” said Kasper Rorsted, chairman of the Henkel management board. “Our laundry and home care business sector actually surpassed the good results of the first quarter, while cosmetics/toiletries again showed a very positive performance. Compared to the first quarter, we also registered an improvement at adhesive technologies.”

Henkel expects the difficult market conditions will persist through 2009. For the third quarter, the firm expects its consumer businesses to continue to perform well, with a degree of deceleration. The company expects the adhesive technologies business will develop similarly or slightly better than the second quarter. The firm’s outlook for the fourth quarter is unclear.

1 euro = US $1.4168

NEW YORK – New analysis of communications supply chains shows inventories are falling across the board.

According to Barron's, inventory at OEM and EMS companies fell 10 days sequentially in the second quarter.

The financial publication reported combined inventories dropped to 77 days, based on data from major communications companies like Cisco and their suppliers.