News
RICHARDSON, TX – Titan Global Holdings announced record revenue of $122 million and a consolidated net operating loss of $24.4 million for the first quarter of 2008, up 75.4% and 75.8% year-over-year, respectively.
Titan’s net operating loss included $21.1 million in net writedowns for goodwill in its communications and global brands divisions, and an additional $4.4 million asset writedown in its communications division.
Titan’s electronics and homeland security division, which includes its PWB and EMS operations, recorded revenues of $6.8 million and net operating income of $574,000; revenue increased 20.6% compared to the first quarter of 2007, on the acquisition of Nexus Nano (now called Neo EMS).
Titan’s communications division recorded revenue of $22.3 million and a net operating loss of $18.7 million, a revenue decrease of nearly 9% and a loss increase of 99% year-over-year.
Titan says it has initiated a plan to revitalize its communications division during the second quarter.
Titan’s net operating loss included $21.1 million in net writedowns for goodwill in its communications and global brands divisions, and an additional $4.4 million asset writedown in its communications division.
Titan’s electronics and homeland security division, which includes its PWB and EMS operations, recorded revenues of $6.8 million and net operating income of $574,000; revenue increased 20.6% compared to the first quarter of 2007, on the acquisition of Nexus Nano (now called Neo EMS).
Titan’s communications division recorded revenue of $22.3 million and a net operating loss of $18.7 million, a revenue decrease of nearly 9% and a loss increase of 99% year-over-year.
Titan says it has initiated a plan to revitalize its communications division during the second quarter.
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.
TOKYO – Omron Corp. reported net sales rose 9.2% year-over-year to $5.2 billion for the nine-month period ended Dec. 31, backed by strong sales of electronic components and car electronics.
Net income increased 6.7% year-over-year to $272.2 million.
Capital investment in the semiconductor and electronic components industries weakened in comparison with the same period the previous year, but sales of factory automation control systems – Omron Group’s core business – were generally firm, the company says. Sales of automotive electronic components expanded in line with car electronics demands.
For the current quarter, Omron said markets are expected to be weak as a result of restrained capital investment, primarily among semiconductor and LCD manufacturers. The market for consumer and commerce components for IT and digital related products in Japan is expected to remain difficult to predict in the March quarter. Sales of automotive electronic components are projected to continue expanding, reflecting increasing needs for car electronics.
Omron expects net sales below original projections for the full year as a result of lower-than-expected demand for domestic private-sector investment.
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 – 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.
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.
Press Releases
- 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
- ViTrox Americas Welcomes Huy Pham as Technical Support Engineer