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Written by Mike Buetow
LOS ANGELES -
P. Kay Metal announced the
opening of its Shenzhen, China office – its first in Asia
Dr. Erik Severin will
head the office, supporting the market development efforts of Wong's Kong King
and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past
seven years. He has a Ph.D. in chemistry from the California Institute of
Technology.
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Written by Mike Buetow
FORT WORTH,
TX -- Berkshire
Hathaway Inc., the investment fund of Warren Buffett, will buy component distributor
TTI Inc. Terms were not disclosed and the deal is expected to close during the first quarter of 2007.
The deal includes TTI subsidiary
Mouser Electronics. TTI is the world's fifth largest electronics components distributor, with reported sales of $835 million in 2005.
MANKATO, MN – EMS firm
Winland Electronics has signed a one-year agreement to manufacture a line of digital imaging products.
The company shipped $1.1 million of digital imaging products in the fourth quarter and has received a purchase order for an additional $1.1 million scheduled for shipment in early 2007.
The firm said it anticipates additional orders. The supply agreement is renewable in one-year terms.
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Written by Mike Buetow
MILPITAS -- Top tier electronics manufacturing services provider
Solectron reported November quarter sales of $2.99 billion, up 22% from the same quarter 2005. In its 10Q form, Solectron said its gross profit was up 10% to $149.4 million, while income from continuing operations fell sharply to $6.6 million from $20.2 million a year ago.
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Written by Mike Buetow
QINGDAO, CHINA -- Home appliance manufacturer
Haier Group, one of China's largest OEMs, will purchase PC maker
Founder Group, a deal that will make Haier the second-largest seller of PCs in China.
Founder reported sales of 7.39 billion yuan (roughly $92 million) in 2005. Haier had sales of 103.4 billion ($12.9 billion) yuan.