News
EL SEGUNDO, CA – iSuppli Corp. will host a free Webinar, IP/Networked Video Surveillance: Equipment and Semiconductors, on May 15 at 8:30 a.m. PST. Mark Kirstein, vice president, multimedia content & services, will discuss the current market for video surveillance systems; market sizes and trends for surveillance equipment; trends for surveillance semiconductors, and new technologies enabling fresh areas of growth.
The Webinar will also answer such questions as who the leaders in video surveillance are; why networked DVRs have replaced regular digital recorders in modern surveillance systems; what the fastest growing segment of the video surveillance market is, and where opportunities and challenges reside for equipment and technology providers in this market.
For more information, please visit: http://www.isuppli.com/events/default.asp?EventCode=WB.
CAPE TOWN, SOUTH AFRICA – In March Tellumat acquired Pertec Ltd.’s EMS subsidiary Rhomco. No financial terms were announced.
Rhomco’s operations will transfer from Diep River to Cape Town, where Tellumat is located. The addition will add about 40% to Tellumat’s capacity, said CEO Rasheed Hargey.
Tellumat’s EMS group builds for the telecom and medical markets.
HO CHI MINH CITY – Jabil Circuit Inc. has reported an initial investment of $30 million in a facility in Ho Chi Minh City, Vietnam, which is scheduled to be operational next month.
Located in Saigon Hi-Tech Park, the 55,000 sq. ft. facility (expandable to 120,000 sq. ft.) is the first plant in the country for Jabil.
WESTLAKE, OH – Nordson Corporation today announced that it has acquired YESTech Inc. and PICO Dosiertechnik (Picodostec) in two separate transactions totaling $53 million. Both companies will become part of Nordson's Advanced Technology Systems segment.
YESTech provides AOI and x-ray inspection systems and will be integrated into Nordson's Dage Holdings subsidiary. YESTech employs 23 people and is headquartered in San Clemente, CA.
Picodostec manufactures piezoelectric technology dispensing systems. The company is headquartered near Munich and employs 12 people; it will operate as part of Nordson's Asymtek subsidiary.
Together, YESTech and Picodostec had 2006 revenues of approximately $20 million. From 2004 to 2006, revenues grew at an average of 57% per year.
TAOYUAN, TAIWAN – Five BenQ executives have been indicted on embezzlement, money laundering and forgery charges, causing shares in the Taiwan company to fall sharply today.
A spokesman for the Taoyuan District Prosecutor's Office said BenQ chairman KY Lee, president Sheaffer Lee, and senior vice president Eric Yu were among those charged and face minimum jail terms of seven years. The three allegedly violated securities laws in the sale of $24 million of shares designated for employee stock options in 2003.
Financial officer Alex Liou and accounting manager DW Liu were also indicted. All five are also suspected of using employees as a front to sell shares shortly before BenQ disclosed heavy losses in March 2006 from its takeover of the mobile phone operations of Siemens AG.
BenQ calls the indictment "unacceptable,” but has hope for a fair trial.
The company today also announced $10 billion in revenue for April, down 8% from the same month last year. In the first quarter of 2007, BenQ’s 37- and 42-inch LCD TVs ranked number one, and overall LCD TV products ranked third in the Taiwan market.
MINNEAPOLIS – EMS provider Nortech Systems Inc. today reported net sales of $28 million for the first quarter of 2007, up 8% over the $26 million reported for the same period last year.
Operating income was $651,379 for the first quarter, compared with $600,970 year-over-year. Net income totaled $286,894, versus $263,948 for the first quarter of 2006.
TOKYO – Japan's TDK Corp. will invest about $416 million on an electronics component factory, according to a Bloomberg report.
A TDK spokesman said the factory in Yurihonjo will increase the company's manufacturing capacity of ceramic capacitors by 40%. The company will begin building the factory in June, and production will start in the second quarter next year.
SAN JOSE, CA — EMS companies showed strong year-over-year first-quarter growth on the whole, says market research firm Gartner Inc.
Nine top EMS companies showed growth of 16% in the first quarter compared to 2006, according to the research firm.
SPOKANE, WA – EMS provider Key Tronic Corporation will begin providing product assembly for Imation Corp’s tape-based data storage cartridges in July.
The agreement is expected to contribute $20 million to Key Tronic’s annual revenue.
The agreement is expected to contribute $20 million to Key Tronic’s annual revenue.
Assembly operations will take place in its primary manufacturing facility in Juarez, Mexico.
BANNOCKBURN, IL – IPC’s Executive Market & Technology Forum has issued requests for proposals for two new research studies.
One study will cover Microelectronics: The Future of Miniaturization and its Impact on Electronics Manufacturing; the second will address Geographic Strategies for Global Expansion in the Electronics Interconnect Industry: Where to Invest for Long-Term Business Growth.
Proposals are due by May 18; commissions will be announced in early June. IPC anticipates publishing the studies in September.
More information about IPC’s market research programs, including the Executive Market & Technology Forum, is available on the Market Research page at www.ipc.org.
MANKATO, MN – Winland Electronics, Inc., designer and manufacturer of custom electronic control products and systems, reported first-quarter revenues of $9.3 million.
This was an increase of 13.4% compared to $8.2 million reported for the same period last year. The increase was the result of a 16.4% increase in sales for OEM customers, partially offset by a 12.5% decrease in sales of the company's proprietary line of products.
Gross profit was $1.2 million, 13% of sales, down from $1.7 million in sales for the first quarter of 2006.
Total operating expenses increased 34.1% to $1.5 million when compared to $1.2 million year-over-year.
YAVNE, ISRAEL – Orbotech Ltd., maker of automated inspection systems for PCBs and flat panel displays, has cut its 2007 revenue outlook and posted a lower-than-expected first-quarter profit of $5.6 million, compared with earnings of $14.1 million year-over-year. The company cites the delay in pick up of the flat panel display market.
Revenue in the first quarter fell to $86.1 million from $101.4 million a year ago. The company now expects 2007 revenue of about $380 to $390 million, chief executive Rani Cohen said – $10 to $20 million less than previously projected. However, the company expects second-quarter revenue to increase slightly from the first quarter.
Sales of equipment to the PCB industry fell to $35.5 million from $40.8 million year-over-year, while sales of flat panel display inspection equipment slipped to $19.1 million from $30 million, said Orbotech.
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