News
NORCROSS, GA – Engent recently expanded its facility here by 8,000 sq. ft. to accommodate anticipated orders.
WEYBRIDGE, SURREY, UK -- TT Electronics reported a first-half loss on weakness in sales to the automotive and industrial sectors.
HARTLEPOOL, UK – Electronic manufacturing services company Stadium Group reported 2008 revenues rose 17% to £47.6 million and pretax profits were up 5% to £2.78 million, aided by the acquisition of Zirkon Ltd. Operating profits from Stadium Electronics and its subsidiary Stadium Power were above 25%.
Net cash flow was down 15% to £4.12 million for the year.
Chief executive Nigel Rogers said customer
demand and visibility have been weak as 2009 gets underway. "We have
experienced weakening of customer demand in the opening few weeks of 2009, and
these conditions are expected to prevail in the short term. The full extent of
the global downturn and its impact on manufacturers worldwide is as yet
unclear. “
On Oct. 31, the Stadium acquired EMS provider Zirkon, and said today the integration
of its operations “is progressing very well.”
1 GBP (£)= 1.41297 US$
TOKYO -- Japan-based semiconductor equipment manufacturers reported the 90-day moving average orders hit 43.78 billion yen ($464 million) in July as the nation is showing a sharp recovery from the trough earlier this year.
SIOUX FALLS, SD -- Raven Industries reported second-quarter sales of $56.6 million, down 18% year-over-year on seasonal weakness and the general economic conditions.
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