CLINTON, NY — Indium Corporation has opened a new 37,500 sq. ft. manufacturing facility in Penang, Malaysia.
Earlier this year, the company announced an investment of RM250 million for its expansion in Malaysia with the new manufacturing facility for its solder paste, thermal materials, and engineered solder products. The new facility has already begun its manufacturing activities, and is meant to expand Indium's production capacity for its customers in Malaysia and the surrounding region, including Thailand and Vietnam.
TORONTO — Celestica has announced that it saw third-quarter revenues of $1.92 billion, an increase of 31% compared to the $1.47 billion in revenues for the third quarter of 2021.
GLENVIEW, IL — Third-quarter revenues for ITW's Test & Measurement and Electronics segment were up 17 percent from the third quarter of 2021, coming in at $715 million this year, while the first nine months of the year saw a total of $2.1 billion for the segment.
ITW's Test & Measurement and Electronics segment includes ITW EAE brands such as MPM, Electrovert, Vitronics, Camalot, and Despatch.
LISLE, IL — Molex has announced the opening of a new factory in Guadalajara. The new 60,000 sq. meter facility more than doubles the company's footprint and manufacturing in Guadalajara, and comes with the potential to increase capacity by an additional 100,000 sq. meters to support Molex's advanced engineering and large-scale production for automotive, transportation, and industrial customers in North America and around the world.
NEEDHAM, MA – Worldwide IT and business services revenue is expected to grow (in constant currency) 5.7% this year and 5.2% in 2023, according to the International Data Corporation (IDC) Worldwide Semiannual Services Tracker. The IDC forecasts that in nominal dollar denominated revenue based on today's exchange rate, the market will grow by 2% this year due to currency headwinds.
TӒBY, SWEDEN — A strong performance by Mycronic's Pattern Generators division has led to an increase in net sales and earnings for the third quarter of 2022. During the third quarter, the company's order intake increased by 30% to SEK 1.609 (US $1.242) million, while net sales increased by 23% to SEK 1.214 (US $986) million.