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AYLESBURY, ENGLAND -- EMS company TT Electronics has acquired the contract assembly arm of Dage Holdings Ltd. No financial details were made available.


Dage Electronics Integrated Systems
has sites in Suzhou, China, and the U.K.

 

TT Electronics called the asset acquisition "complementary," saying DEIS has strong backplane design and manufacturing capabilities.



MIAMI -- Day two of a conference for electronics hardware OEMs and their EMS suppliers was "relatively neutral," the sponsoring firm said today. One company, Plexus, suggested a possible acquisition in Eastern Europe.

In a report issued today, Deutsche Bank said Celestica CFO Anthony Puppi gave cautious forecast for end-market demand this year.

Celestica and Plexus said the March quarter is running to expectations, despite continuing pricing pressure. At the end of its latest, 15-month restructuring plan, Celestica expects capacity utilization to reach 70%.

Plexus CEO Dean Foate said that the EMS firm's top-line growth this year will be
primarily from new program ramps. The company has restructured several supply-chain agreements, "which should help drive improved working capital management in the March quarter and beyond," DB said.

Plexus also said an acquisition or greenfield expansion in Eastern Europe was a possibility.
 
The company expects its Penang, Malaysia, plant will reach breakeven by late in the third quarter, DB said..

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GREENVILLE, SC -- The recently resigned chief executive of Kemet Corp. will receive $425,000 in cash plus other benefits as parting gifts, the company reported in an SEC filing.

Graves abruptly resigned from the company effective Jan. 26.

According to an 8-K filing by the firm, Graves, a former chief executive and director , will receive $35,416.67 per month for 12 months, $10,600 toward a car allowance, and various insurance benefits and outplacement services.

Graves is subject to a noncompete provision for the next 12 months.
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MIAMI - A number of high-profile OEMs and EMS providers presenting at an analysts conference yesterday gave mixed outlooks for 2005, and at least one EMS company suggested further acquisitions are in store.

Benchmark Electronics chief executive Cary Fu "suggested that an acquisition of assets capabilities in Asia in on the horizon," Deutsche Bank analyst Chris Whitmore said today. Fu made the remarks at DB's hardware conference here yesterday.

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ATLANTA - UP Media Group has issued a call for abstracts for PCB Design Conference East, the annual conference for PCB designers and engineers.

Presentations of 30 minutes, one or two hours, and half-day are sought. One- and two-day tutorials are also sought, organizers said.

For consideration, go to www.pcbeast.com for an online submission form, or e-mail conference chair Andy Shaughnessy, ashaughnessy@upmediagroup.com. Abstracts are due March 15.

Submissions should include a suggested course title, length, a short description of the target audience, a detailed 100- to 300-word abstract, and a short bio.

PCB East will be held Oct. 10-14, in Manchester, NH. The trade show is sponsored by Printed Circuit Design & Manufacture and Circuits Assembly.


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SAN DIEGO -- Pulse, a large component manufacturer, today announced plans to increase prices of magnetic components for local area network, telecommunications, and power conversion applications due to rising costs of sub-components, consumables, energy and labor. 

Unless set by contract, prices for certain catalog and custom products will increase between 3% and 10%, depending upon product type and quantities purchased, on orders placed after March 31, the company said in a statement. 

 

 

 

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