News
LOUISVILLE -- Sypris Solutions today reported revenue of
$100.2 million for its third quarter, down 4.1% from the
prior year.
The company swung to a net loss of $7.8 million, whereas a year-ago it reported income of $2.6 million. The most recent results included restructuring charges of $700,000 and foreign exchange losses of $1.0 million.
The company swung to a net loss of $7.8 million, whereas a year-ago it reported income of $2.6 million. The most recent results included restructuring charges of $700,000 and foreign exchange losses of $1.0 million.
TAMPA, FL -- Kimball International paid $5.4 million for Genesis Electronics Manufacturing, a Tampa-based EMS firm acquired by Kimball in September.
Kimball, whose EMS group's sales rank in the top 25 worldwide, declined to specify the price at the time of the acquisition. However, the amount, which covers Genesis' assets and some liabilities, was included in the company's recent earning report.
Genesis had 2007 revenues of about $16 million.
Genesis' programs and staff will be moved to Kimball’s Tampa facility.
BANNOCKBURN, IL – IPC will host a meeting with European automotive industry leaders, including Porsche, Volvo and Volkswagen, to investigate adding automotive-specific requirements for electronics used in cars, trucks and military vehicles to IPC-A-610D, Acceptability of Electronic Assemblies.
A kickoff meeting will be held Nov. 12 in Munich to select a committee. Technical professionals involved with quality, reliability, production and purchasing of electronic parts and assemblies for the automotive industry are invited.
“Ideally, we would like to publish an automotive addendum to IPC-A-610D within nine to 12 months,” said Lars Wallin, IPC European representative.
Jack Crawford, IPC director of certification and assembly technology, will moderate the meeting.
For more information and to register, contact Lars Wallin, LarsWallin@ipc.org.
A kickoff meeting will be held Nov. 12 in Munich to select a committee. Technical professionals involved with quality, reliability, production and purchasing of electronic parts and assemblies for the automotive industry are invited.
“Ideally, we would like to publish an automotive addendum to IPC-A-610D within nine to 12 months,” said Lars Wallin, IPC European representative.
Jack Crawford, IPC director of certification and assembly technology, will moderate the meeting.
For more information and to register, contact Lars Wallin, LarsWallin@ipc.org.
SINGAPORE – Surface Mount Technology reported September quarter revenue of $146.8 million, and a loss of $1.3 million. In the June quarter, the EMS company reported a loss of $900,000.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
ELKHART, IN -- The top financial officer of CTS Corp. yesterday suggested the economy is straining smaller EMS firms, thus opening the door for larger players.
On a conference call with analysts, president and chief financial officer Vinod M. Khilnani said, "Financial constraints on smaller tier three and tier four competitors are presenting new business opportunities for our EMS business."
ANGLETON, TX -- Benchmark Electronics
today announced that cofounders Steven A. Barton and Donald
E. Nigbor will retire effective Dec. 1. Both have
served as directors for more than 20 years.
Barton and Nigbor will remain directors until the 2009 annual meeting of shareholders. The board intends to nominate chief executive Cary T. Fu to succeed Nigbor as chairman, effective in May 2009.
Fu will become the last of the founders to remain with the company.
Benchmark was founded in 1986.
Barton and Nigbor will remain directors until the 2009 annual meeting of shareholders. The board intends to nominate chief executive Cary T. Fu to succeed Nigbor as chairman, effective in May 2009.
Fu will become the last of the founders to remain with the company.
Benchmark was founded in 1986.
Press Releases
- Altus Partners with Sellectronics to Enhance Manufacturing Capabilities with PVA Delta 8 System
- ITW EAE Celebrates Major Milestone in Domestic Manufacturing Expansion
- Micro Technology Services Selects PBT Works CompaCLEAN III for Advanced PCB Cleaning Performance
- Indium Corp. is Electrifying the Future with Advanced Materials Solutions at Productronica