News
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.
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