News
JASPER, IN – The economic decline will shakeup the OEM programs sought by EMS companies, Kimball International's top executive said.
"The financial crisis and the economic slowdown will cause those companies larger than we are to push down and to try to serve our space. It will bring more margin pressure in our markets," Kimball president and chief executive Jim Thyen said on the company's quarterly conference call with analysts.
"The financial crisis and the economic slowdown will cause those companies larger than we are to push down and to try to serve our space. It will bring more margin pressure in our markets," Kimball president and chief executive Jim Thyen said on the company's quarterly conference call with analysts.
NEW YORK -- Alcatel-Lucent
is pulling most of its production now outsourced to Celestica,
Flextronics and Sanmina-SCI back in house, Credit Suisse analysts are reporting.
The move will take nearly $2 billion out of the hands of the major contract assemblers. Instead, production will take place at Alcatel Shanghai Bell.
The move will take nearly $2 billion out of the hands of the major contract assemblers. Instead, production will take place at Alcatel Shanghai Bell.
EL SEGUNDO, CA – Amid rapidly deteriorating conditions in the global economy and financial system, iSuppli Corp. has slashed its 2009 forecast for PC unit shipments nearly two-thirds.
GREENVILLE, WI – EMS provider Plexus Corp. bought a facility in Greenville, WI from Neenah Paper for $7.5 million, say published reports.
The 200,000 sq. ft. facility, formerly owned by Fox River Paper Co., had been vacant about six months.
Neenah Paper acquired the 15-year-old facility when it closed its $52 million deal for Fox Valley Corp. in March 2007.
TIJUANA, MEXICO -- Samsung's television manufacturing plant here is running on a full schedule again after closing for two days to rebalance inventories.
Samsung, the world's largest TV maker, said the site went to a four-day week temporarily after Circuit City, a large customer, declared bankruptcy.
Reports claim Samsung is considering similar moves at its South Korea factories during the week following Christmas.
VANCOUVER, BC – Northstar Electronics reported third-quarter revenues fell 1.2% to $676,149 versus last year. The net loss widened 638% to $332,604 on program certification startup costs.
Year-to-date revenues are up 26% to $1.7 million, although the net loss has widened 120% to $1 million.
Press Releases
- Altus Adds LPKF CuttingMaster 3290 to Depaneling Portfolio
- Kurtz Ersa Partners with E-tronix for Sales in Illinois and Wisconsin
- XLR8 EMS Welcomes Raul Jorge Lopez Jr. as Director of Program Management and Procurement
- Koh Young America Promotes Ramiro Mora to Lead Service and Applications in Mexico and South America