News
ST. PETERSBURG, FL – St. Petersburg officials have approved almost $35 million worth of tax incentives to keep Jabil Circuit headquartered here, a local paper reported today.
Under terms of the deal, the state of Florida would pay $20 million, the city $12.7 million and Pinellas county $1.7 million in a combination of grants, tax refunds and infrastructure upgrades, the St. Petersburg Times reported.
HUNTINGDON VALLEY, PA – APS Novastar LLC named Tim Kardish chief executive officer. He will oversee all areas of operation for the company, which provides equipment for reflow, curing and through-hole assembly.
Kardish has more than 25 years’ experience in sales, marketing, and operations. Most recently he was president of Labsphere Inc., a $13 million photonics industry global manufacturer and distributor of instrumentation, software, services, engineered materials and standards.
He previously held the position of VP of sales and marketing for Moore Medical and served as director of sales and marketing for X-Rite.
Kardish has more than 25 years’ experience in sales, marketing, and operations. Most recently he was president of Labsphere Inc., a $13 million photonics industry global manufacturer and distributor of instrumentation, software, services, engineered materials and standards.
He previously held the position of VP of sales and marketing for Moore Medical and served as director of sales and marketing for X-Rite.
VANCOUVER -- EMS firm Silicon Forest
Electronics has added 20,000 sq. ft. of manufacturing space and
reconfigured two manufacturing lines to increase speed and flexibility for
quickturn, low-volume production.
The company also added high-speed equipment, more than doubling its overall machine capacity to over 7 million placements per month across a total of four lines. Additional capacity improvements are planned for late 2008, which will add another 2 to
4 million placements per month.
The company, which also has capacity in Zhuhai, China, and a partnering arrangement with ACW, provides “one-stop” contract manufacturing.
LOS ALTOS, CA – China’s electronic equipment production market is finally slowing down, and taking the rest of the world with it.
Citing the recent economic environment and spate of earthquakes, research firm Henderson Ventures said China’s short-term equipment production output will drop eight points to 13.5% this year, before rebounding slightly in 2009 and 2010.
Citing the recent economic environment and spate of earthquakes, research firm Henderson Ventures said China’s short-term equipment production output will drop eight points to 13.5% this year, before rebounding slightly in 2009 and 2010.
COOPERSVILLE, MI – Saturn Electronics & Engineering has been awarded a $500,000 federal grant to help fund new machinery and equipment at its plant here.
The company, which makes automotive electronics and components, will use the grant toward planned capital investments of some $11 million. Saturn will hire 26 additional workers as well.
The company, which makes automotive electronics and components, will use the grant toward planned capital investments of some $11 million. Saturn will hire 26 additional workers as well.
The grant is being made available by the Michigan Economic Development Corp.
SINGAPORE – Singapore's electronics industry rose in June, reversing a one-month fall into recession. The sector rose 2.3 points to 51.7, according to purchasing executives in more than 150 industrial companies.
May was the first time in nearly two years the electronics sector failed to grow.
The national purchasing managers' index rose 1.6 points sequentially to 50.6 in June, on new orders and higher levels of production output. A reading above 50.0 is a sign of an expanding market.
Electronics makes up one-third of Singapore's manufacturing output.
