SOLON, OH -- EMS firm Techtron Industries plans to invest $5 million in a new 70,000 sq. ft. factory here, aided by a city grant worth up to $48,000 per year.
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BANGKOK – SVI Public Co. reported second-quarter recorded net profit of $8.6 million, up 44% and a new company record.
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LUXEMBOURG -- Elcoteq’s chief executive resigned today following a dispute with its top lenders.
SAN JOSE -- Second-quarter worldwide silicon wafer area shipments rose 5% sequentially, the SEMI Silicon Manufacturers Group reported.
HONG KONG – SMT Holdings will undergo a reorganization ordered by its board in an attempt to turn around the electronics manufacturing services company.
The EMS company has entered exclusive negotiations with a potential investor for a restructuring proposal. The investor has not been disclosed, and SMT Holdings said it would withhold further comment until an agreement has been reached.
SMT Holdings is a Top 50 contract assembler per the CIRCUITS ASSEMBLY Top 50, but its sales dropped dramatically from 2008 to 2009, and even a rebound in 2010 hasn’t stemmed the losses. It was placed on the Singapore Exchange watch list, and its market capitalization slid to about S$5 million.
The company operates four SMT plants in China.
BANNOCKBURN, IL – IPC will begin development of a data exchange standard to help the electronics manufacturing industry comply with forthcoming US Securities and Exchange Commission regulations on conflict minerals.
JASPER, IN -- Top 20 EMS firm Kimball International today reported fiscal fourth-quarter sales in its EMS segment fell 13% year-over-year to $163 million on lower demand for automotive products.
NORTH BILLERICA, MA – BTU International reported second-quarter net sales of $19 million, down 25.2% sequentially, and up 5.6% year-over-year.
TAICHUNG CITY, TAIWAN -- Hon Hai reportedly plans to extend its foray into a one-stop supply chain, announcing an NT$100 billion industrial park in where it would build machine tool, automatic equipment and robots.
HILLSBORO, OR – Quality Production Limited has been named among the 2011 Fastest-Growing Private 100 Companies by the Portland Business Journal.
The annual winners are determined by percentage of revenue growth over three years (2008 - 2010). QPL ranked 59th among the Private 100, having posted a growth rate of 44% during that period.
Founded in 1995, QPL specializes in turnkey manufacturing of high mix, high complexity products for military, avionics, industrial, medical, and energy management markets. The firm provides lifecycle product management from prototype development to design-for-manufacturing, design-for-test, production, and aftermarket support.
ATLANTA – Beginning today, CIRCUITS ASSEMBLY seeks participants for its annual Service Excellence Awards (SEAs) for EMS providers and electronics assembly equipment, material and software suppliers.
Now in its 20th year, the SEAs honor companies in electronics manufacturing for excelling in the critical area of customer service, permitting participants to benchmark customer service against their peers. It is the only industry awards program that uses direct customer feedback to determine best-in-class.
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