News
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.
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