News
TORONTO -- Celestica Inc. named senior vice president of finance Paul Nicoletti its interim chief financial officer.
He supersedes Tony Puppi, who is retiring April.
A search is currently underway to select a permanent replacement.
Nicoletti has been with Celestica since the its spinoff from IBM. Prior to his current position, he was the vice president, global financial operations.
He supersedes Tony Puppi, who is retiring April.
A search is currently underway to select a permanent replacement.
Nicoletti has been with Celestica since the its spinoff from IBM. Prior to his current position, he was the vice president, global financial operations.
JERSEY CITY, NJ – Cookson Electronics has announced a surcharge on Alpha brand Sn-bearing solder pastes, effective 30 days from customer notification. A global shortfall in tin supplies versus forecasted consumption has pushed prices to 19-year highs. Tin prices have increased from a range of $6,000 to $9,000/metric ton during 2006 to more than $14,000/metric ton this quarter. Cookson said it would eliminate the surcharges when prices return to mid-2006 levels.
BANNOCKBURN, IL - The revision of a standard on halogenated flame-retardant use is ready for industry comment. IPC invites all interested parties to submit comments on the final draft of IPC-WP/TR-584A, “Halogenated Flame Retardants in Printed Circuit Boards and Assemblies (Correcting the Misunderstandings on ‘Halogen-Free’).” A PDF is available; contact Tom Newton at TomNewton@ipc.org. The comment period closes April 30.
SAN FRANCISCO – The nation’s CIOs expect IT budgets to grow 5.1% during the next 12 months, down from 5.8% in December. The weaker results reflect increased caution across most product categories, although a rebound in large enterprise spending is expected, says Deutsche Bank Equity Research. DB’s March poll revealed a slow start to 2007, although results for very large (>5,000 employees) and small firms (101-500) strengthened in March, with CIOs expecting growth of 7% and 10%, respectively, in the next 12 months (vs. 3% and 7% in December).
COLORADO SPRINGS – IC Interconnect, a wafer bumping company, was named sole North American representative for Jiangyin Changdian Advanced Packaging, a provider of bumping technologies. The agreement establishes ICI/jcap International, the marketing, sales, engineering and customer support arm of JCAP in North America. Under the agreement IC Interconnect can install and operate its electroless nickel UBM process at a plant in China.
HIALEAH, FL -- Simclar Inc. reported fourth-quarter net income rose 394% to $949,000 on an 83.5% hike in sales to $33.2 million. The figures include the consolidated operations of Simclar and its subsidiaries, including acquisitions made during the year.
For the year ended Dec. 31, Simclar had net income of $2.9 million compared to $947,000 in 2005. Sales rose 90% to $116 million.
In a statement, chairman Sam Russell said growth has come from new and existing customers looking to consolidate their business with suppliers.
Press Releases
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- Amtech Electrocircuits Navigates Supreme Court Tariff Ruling