Latest News
HOFFMAN ESTATES, IL – Bosch Rexroth AG, parent company of Bosch Rexroth Corp., reported $8.3 billion in 2008 sales, up 9.8% year-over-year.
Sales in the Americas were up nearly 8%. The company anticipates a significantly weaker performance for the current fiscal year, but said it is maintaining its R&D investment.
The Bosch subsidiary spent around $364 million on R&D in 2008, or 4.5% of sales.
The growth experienced last year by the manufacturer of drive and control technologies was led by developments in the German, European and Asian markets.
iNEMI is scheduled to discuss findings at industry venues worldwide, including Apex on Mar. 31 in Las Vegas; SMTA China East on Apr. 21 in Shanghai; at the Astride the Packaging Roadmap seminar, held at TWI Ltd. on Apr. 22 in Cambridge, UK, and at the European Microelectronics & Packaging Conference June 15-18 in Rimini, Italy.
The 2009 Roadmap covers five product sectors and 20 technology and business topics. For additional information, visit http://www.inemi.org/cms/roadmapping/2009_Roadmap.html.
COLORADO SPRINGS, CO – A company that repairs stencil damage has been formed and has applied for a patent on its novel process.
Coinx has reportedly developed a patent-pending repair method that uses similar processes and techniques as for auto body repair.
Repairs can include long creases across the foil’s surface to unsightly dents up to ¼" deep. In most cases these repairs can also be made in the aperture field as well, provided it does not distort the integrity of the openings, says James Bishop, the founder.
Most dents and dings can be removed quickly and effectively by a trained person on your staff at your facility, he adds.
Bishop has been involved in the repair of dented and dinged metal panels for 17 years, primarily serving the auto body industry. Lately, the firm has worked with PhotoStencil to refine the process for stencils used in electronics manufacturing.
EL SEGUNDO, CA – Average pricing for PCBs is expected to decline until the third quarter of this year, in concert with declining costs for a key PCB raw material: copper, says iSuppli Corp.
In Asia, the primary market for PCB production and consumption, pricing for what iSuppli calls “a key product that indicates market trends” began to decrease in October. (The research firm did not identify the product.) Contract pricing for this PCB in the second quarter is expected to fall to 15.3 cents per sq. in., down 8.4% from last October. Pricing is expected to rebound slightly in the third quarter, rising 1.3% to 15.5 cents, and will remain at that level in the fourth quarter, says the research firm.
“Weak demand is negatively impacting PCB demand,” said Jason Ma, director and senior analyst, pricing and competitive analysis for iSuppli. “However, PCB pricing trends now are being dictated by copper costs.”
Ma notes the price of copper reached a peak level of $4.10 per lb. in the second quarter last year, and then began to drop, falling to $1.50 per lb. in February. This drop, combined with falling pricing for another key raw material, laminate, has helped PCB suppliers reduce costs.
PCB demand is expected to rise slightly in the third quarter, boosting pricing, Ma predicts.
Demand for PCBs has fallen significantly since the global economic crisis began. The major applications for PCBs are notebook PCs and consumer-oriented products such as mobile handsets and flat panel displays, all of which have slumped during the downturn.
Overcapacity has forced PCB fabricators to tighten their belts, while banks kept rigid control of their business loans. Moreover, the Chinese government is beginning the process of increasing its tax on corporate profits to 25% in 2012, up from 18% in 2008. China’s government also established environmental protection laws in 2008 that place new burdens on the PCB industry.“This combination of factors is hurting PCB makers in China,” Ma noted. “Companies now must use their own [cash] to buy water recycling equipment, causing many small PCB factories to close. PCB suppliers have been forced to move their facilities to new locations like Vietnam or India.”
The company had net profits of $243,000 for the four-month period ended Jan. 3.
The unusual 16-month reporting year (September 2007 to December 2008) came about because HEI modified its fiscal year to end on the Saturday closest to Dec. 31.
HEI had net income of $857,000 for the 12-month period ended Aug. 30, 2008, versus a net loss of $5.7 million the 12-month period ended Sept. 1, 2007.
In a statement, CEO Mark B. Thomas said HEI reported a 16-month period to save on costs of a separate audit for the original 12-month fiscal year and a subsequent four-month period.
ANKARA, TURKEY -- A massive computer manufacturing plant planned by HP and Foxconn Technology Group is scheduled to commence production by 2010 and will employ about 2,000 workers, the companies said.
M.K. Koo has been appointed as executive chairman and chief financial officer. Koo is a founder of the Nam Tai Group and has served various senior executive positions over the years.
For the year ended Dec. 31, the contract electronics assembler reported net profits of NT$55.13 billion ($1.59 billion) on sales of NT$1.47 trillion ($42.3 billion in today's dollars).
Local television stations are reporting the placement equipment OEM will consolidate its operations in its Conklin headquarters.
TORRANCE, CA – Technical Devices Company has acquired all marketing, sales/distribution, and service rights for the AquaTherm batch cleaner and X-Series vertical stencil cleaner from Austin American Technology of Burnet, TX, effective immediately.
Technical Devices is the exclusive North American distributor of these products.
Under the multiyear exclusive distribution agreement, AAT will no longer manufacture batch and stencil cleaning systems for sale to the public.
No financial terms of the agreement were disclosed.
