News
MANKATO, MN -- Winland Electronics reported third-quarter net sales of $7 million, down 29% from 2007. Net income was $118,000, down 76%. Sales were affected by a drop in demand from two of the company’s
three largest customers and the phaseout of two
other programs.
BREDA, HOLLAND – Cobar Europe has promoted Manfred Bult to chief operating officer, effective immediately.
Bult will report to Stan Renals, who has been promoted to chief executive officer.
Bult has been with Cobar BV since 1995, where he has served as director of order processing and procurement since 2003.
Cobar Europe, part of the Balver Zinn Group, is a global supplier of solder, solder paste, solder fluxes and related materials.
COLORADO SPRINGS, CO — Fine Line Stencil, a leading manufacturer of stencil products, has opened a stencil manufacturing facility in Memphis, the company said today.
The site will meet demand for quickturn stencils, and gives the company the ability to ship stencils up to midnight Central time.
“The quickturn demands on the contract manufacturing industry are increasing rapidly and our Memphis facility gives us the ability to accept and ship stencil orders much later in the day,” said Robert Dervaes, vice president of technology and engineering, in a press release.
Fine Line Stencil is a division of FCT Assembly.
The site will meet demand for quickturn stencils, and gives the company the ability to ship stencils up to midnight Central time.
“The quickturn demands on the contract manufacturing industry are increasing rapidly and our Memphis facility gives us the ability to accept and ship stencil orders much later in the day,” said Robert Dervaes, vice president of technology and engineering, in a press release.
Fine Line Stencil is a division of FCT Assembly.
SINGAPORE– Venture
Corp. Ltd., the world's 15th largest EMS company, reported third-quarter revenue rose 3.2% year-over-year to S$965.6 million. In US dollar terms, revenues were up 13.8% to $698 million for the quarter ended Sept. 30.
NAMPA, ID -- MPC Corp., one of the world's largest PC makers, today filed for Chapter 11 bankruptcy protection. The company has been delisted from the NYSE and says it doesn't expect equity holders to receive any distributions in conjunction with the bankruptcy cases.
HAUPPAUGE, NY - Jaco Electronics announced today an agreement in principle to sell to certain assets of its components distribution business to WPG Americas Inc., a subsidiary of World Peace Industrial Group. The transaction is subject to customary closing conditions and is expected to close within the next 30 days.
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