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NEWARK, NY – EMS provider IEC Electronics announced first-quarter revenues rose 21% year-over-year to $11.2 million. Net profit was $420,000, compared to a net loss of $576,000 last year.
LOS ALTOS, CA – Ongoing fallout from the subprime mortgage crisis and the predicted retrenchment of consumer spending has put a dent in the prospects for light vehicle demand, Henderson Ventures reports, with unit output forecast to grow 2.5% this year, after a 5.4% burst in 2007, the research firm says.
The softening demand for vehicles will slow automotive electronics growth from 8.1% in 2007 to 5.6% in 2008. The pace will then accelerate to 7.9% in 2009 and 10.5% in 2010, when global automotive electronics production is forecast to reach $140 billion.
This year’s unit slowdown will be felt all over. For example, Chinese output growth will slow from 25.8% in 2007 to 15.5% this year.
Potential car buyers increasingly want onboard access to all entertainment electronics and gadgets they have at home, as evidenced by the profusion of video displays, MP3 player ports and power outlets. In short, increasing electronics content will help offset meager vehicle growth this year, Henderson reports.
The softening demand for vehicles will slow automotive electronics growth from 8.1% in 2007 to 5.6% in 2008. The pace will then accelerate to 7.9% in 2009 and 10.5% in 2010, when global automotive electronics production is forecast to reach $140 billion.
This year’s unit slowdown will be felt all over. For example, Chinese output growth will slow from 25.8% in 2007 to 15.5% this year.
Potential car buyers increasingly want onboard access to all entertainment electronics and gadgets they have at home, as evidenced by the profusion of video displays, MP3 player ports and power outlets. In short, increasing electronics content will help offset meager vehicle growth this year, Henderson reports.
OREM, UT – EMS provider Wolf Electronix is consolidating operations into its plant here, with the move expected to be complete by Feb. 5.
The company reports investments of nearly $2 million in equipment and facility upgrades have increased capacity more than 30+%.
The company will shutter its five-year-old Loveland, CO, facility, and has offered all full-time employees there positions in Utah.
BANNOCKBURN, IL – North American circuit board shipments fell 5.4% year-over-year in December, while orders rose 5.5%. For the year, shipments were down 8.7%, while bookings fell 6.3%, IPC said.
For the month, rigid shipments were down 5.9% and bookings were up 6.8% compared to 2006. For the year, shipments were down 8.9% and bookings were down 7%. Sequentially, shipments increased 8% and bookings increased 3.1%. The book-to-bill ratio was 1.01.
Flex circuit shipments were up 1% in December, while bookings were down 9.7% year-over-year. For the year, flex circuit shipments were down 5.7% and bookings were up 4%. Sequentially, flex shipments were up 5.6% and bookings rose 2.2%. The book-to-bill was 1.0.
Compared to November, all shipments were up 7.8% and bookings were up 3.1%. The book-to-bill ratio fell to 1.01.
For the month, rigid shipments were down 5.9% and bookings were up 6.8% compared to 2006. For the year, shipments were down 8.9% and bookings were down 7%. Sequentially, shipments increased 8% and bookings increased 3.1%. The book-to-bill ratio was 1.01.
Flex circuit shipments were up 1% in December, while bookings were down 9.7% year-over-year. For the year, flex circuit shipments were down 5.7% and bookings were up 4%. Sequentially, flex shipments were up 5.6% and bookings rose 2.2%. The book-to-bill was 1.0.
Compared to November, all shipments were up 7.8% and bookings were up 3.1%. The book-to-bill ratio fell to 1.01.
COSTA MESA, CA – A leading Koh Young Technology distributor will conduct advanced training on the OEM’s solder paste inspection systems next month.
Christopher Associates will hold the training seminar March 10-12, in Costa Mesa.
In addition to training on this SPI system, the seminar will emphasize recent software improvements including SPC software, as well as new hardware introductions and technology improvements.
For more information, contact angela.maniaci@christopherweb.com.
Christopher Associates will hold the training seminar March 10-12, in Costa Mesa.
In addition to training on this SPI system, the seminar will emphasize recent software improvements including SPC software, as well as new hardware introductions and technology improvements.
For more information, contact angela.maniaci@christopherweb.com.
BANNOCKBURN, IL – Hourly wages in the U.S. and Canadian PCB industries are on the rise, having increased 3.3% year-over-year in 2006, while salary budgets rose an estimated 3% from 2006 to 2007.
That’s according to IPC’s biennial look at wages and salaries for EMS companies. The trade group published its findings this week.
According to the study, on average, U.S. and Canadian EMS organizational salary budgets for salaried positions increased 3.1% in 2007. Salary budgets for management positions increased 3.9%, while hourly positions increased 3.3%. Benefit costs in 2006 were, on average, 16.8% of total wages, down from 21.6% in 2004.
The EMS industry salary and wage report presents aggregate data on 30 positions and their related job descriptions.
Press Releases
- ASC International Expands Capabilities in Automated Optical Inspection
- Europlacer Expands U.S. Reach with New Eastern Region Representative
- Magnalytix and Foresite to Host Technical Webinar on SIR Testing and Functional Reliability
- Sierra Space Announces Opening of New “Power Station” Technology Center in Colorado as Defense Operations Grow