News
PHUC DIEN INDUSTRIAL ZONE, VIETNAM -- A subsidiary of Brother Industries Ltd., the maker of printers and other communications devices, will invest $40 million in a new manufacturing plant in the Hai Duong Province of Vietnam.
Brother Industries Vietnam Ltd. will build printers, faxes and other multifunctional gear for export at the plant, which is due to come online in April 2007. The plant will employ 500 workers and produce about 30,000 units will be produced per month, Brother said.
Brother Industries Vietnam Ltd. will build printers, faxes and other multifunctional gear for export at the plant, which is due to come online in April 2007. The plant will employ 500 workers and produce about 30,000 units will be produced per month, Brother said.
ARLINGTON, VA -- Factory sales of consumer electronics will reach a new high of $135.4 billion in 2006, according to the Consumer Electronics Association. The trade group issued its forecast ahead of the annual International Consumer Electronics Show, the world's largest consumer technology trade show.
Glen Cove, NY – Photocircuits Corp. received the Milspec 31032 and 55110 Qualification from DSCC in Columbus, OH.
The company sees this qualification as an important step in its transformation to a significant producer of high reliability PCBs for communications, computer, industrial and now military markets.
“As our volume business continues to transition to our PC Asia factory in Kunshan, China, our New York operations will become predominately a proto, quick turn, high mix and military manufacturer of circuit boards,” said Rick McNamee, CEO.
“With the Milspec Qualification in place we expect to be able to ramp up our military business, both production and protos” said Alan Abbate, director of sales. “We have been involved in a number of military programs for over a year supporting several customers.”
Military products are expected to grow significantly over the next few years to represent a significant portion of the company’s domestic business. Photocircuits now has Milspec, Proto/Quick Turn and standard high mix production capabilities in the U.S. as well as PC Asia in China.
The company sees this qualification as an important step in its transformation to a significant producer of high reliability PCBs for communications, computer, industrial and now military markets.
“As our volume business continues to transition to our PC Asia factory in Kunshan, China, our New York operations will become predominately a proto, quick turn, high mix and military manufacturer of circuit boards,” said Rick McNamee, CEO.
“With the Milspec Qualification in place we expect to be able to ramp up our military business, both production and protos” said Alan Abbate, director of sales. “We have been involved in a number of military programs for over a year supporting several customers.”
Military products are expected to grow significantly over the next few years to represent a significant portion of the company’s domestic business. Photocircuits now has Milspec, Proto/Quick Turn and standard high mix production capabilities in the U.S. as well as PC Asia in China.
JERSEY CITY, NJ – Cookson Group PLC sold its conformal coating business unit to an investment bank for $55.5 million in cash.
Bunker Hill Capital purchased Specialty Coating Systems for an immediate cash payment of $54 million, with the balance due upon closing of the sale of the SCS China business in early 2006.
HONG KONG -- Foxconn International Holding, the world's sixth largest handset maker, said its 2006 sales should grow at least 30%, according to a news report today.
Analysts estimate that FIH, a subsidiary of Foxconn Electronics, had revenues of $5 billion to $6 billion in 2005, the report said.
MINNEAPOLIS -- EMS provider Nortech Systems has signed an agreement to purchase Telex Communications' 140,000-sq. ft. manufacturing facility in Blue Earth, MN, in a move to bolster its aerospace systems business.
The sale is scheduled to close on June 30; terms were not announced.
The sale is scheduled to close on June 30; terms were not announced.
SAN FRANCISCO -- A December poll of the nation's CIOs revealed IT
budgets will grow 8% over the next 12 months, up from 6% in November.
Spending projections were up in most categories month over month with modest declines in security software and telecom equipment, said Chris Whitmore, an analyst at Deutsche Bank, which cosponsors the monthly poll.
Spending projections were up in most categories month over month with modest declines in security software and telecom equipment, said Chris Whitmore, an analyst at Deutsche Bank, which cosponsors the monthly poll.
SINGAPORE -- Singapore's manufacturing output rose 22.4% in November year-over-year, the nation's Economic Development Board said last week. Electronics grew 19.9% year-on-year, driven by demand for semiconductors,
computer peripherals and data storage.
The three-month moving average growth was 20.6% for total manufacturing, the EDB reported. The seasonally adjusted month-on-month manufacturing output growth was up 1.5%.
Through November, total manufacturing output rose 9.9% over last year. Electronics was up 7.5% over that period.
Semiconductor production spiked 42% in November, computer peripherals were up 24.4% and storage was up 10.4%.
Telecom and consumer electronics fell 4.2% as lower demand for mobile products offset increased production of PCs and consumer items.
The three-month moving average growth was 20.6% for total manufacturing, the EDB reported. The seasonally adjusted month-on-month manufacturing output growth was up 1.5%.
Through November, total manufacturing output rose 9.9% over last year. Electronics was up 7.5% over that period.
Semiconductor production spiked 42% in November, computer peripherals were up 24.4% and storage was up 10.4%.
Telecom and consumer electronics fell 4.2% as lower demand for mobile products offset increased production of PCs and consumer items.
TEMPE, AZ -- The PMI index of U.S. manufacturing dipped in
December but grew overall for the 31st straight month. The December PMI was 54.2%,
down 3.9 points from November, according to the latest Institute for Supply
Management poll. A score over 50% shows
expansion.
Fayetteville, AR -- The University of Arkansas will host an organizational workshop for its International Research Consortium for Packaging, Manufacturing and Reliability for Low-Cost RFID and related Integrated SMART Tag Systems. The workshop will be held Jan. 24-26 in Fayetteville.
A part of the University’s RFID Research Center, the consortium aims to enable development of infrastructure, design and modeling tools and manufacturing processes to support low-cost RFID tags and systems for reliable performance.
Any commercial, non-profit, government or academic organization interested in attending should contact Claudia Cochrane at U of A: 479-575-3605 or Becky Travelstead at TechSearch International: 512-372-8887 or becky@techsearchinc.com.
SAN JOSE – Worldwide sales of semiconductors continued on a record pace, reaching $20.4 billion in November, according to SIA. Worldwide semiconductor sales rose 7.2% from last year and were up 1.7% sequentially.
FRAMINGHAM, MA – The appeal of low-cost and portable PCs will continue to drive double-digit growth of the PC market in 2006, despite fewer replacements and slower economic growth, according to IDC.
Following third-quarter growth of more than 17% year-on-year, worldwide PC shipments are now expected to grow by nearly 15% in the fourth quarter, boosting annual growth a half point ahead of the 15.3% rate in 2004 to 15.8% in 2005 and raising the outlook for growth in 2006 to 10.5%.
Following third-quarter growth of more than 17% year-on-year, worldwide PC shipments are now expected to grow by nearly 15% in the fourth quarter, boosting annual growth a half point ahead of the 15.3% rate in 2004 to 15.8% in 2005 and raising the outlook for growth in 2006 to 10.5%.
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