News
ARLINGTON, VA – During the last five years, February has been good to the electronic components industry and it was no different last month: Orders bounced back after a January downturn, according to the Electronic Components Association.
WASHINGTON – The manufactured goods trade deficit dropped by $7 billion year-over-year in January, the Commerce Department reported today.
The January manufactured goods deficit was $37 billion, up 15.9% year-over-year, with exports rising 11% and imports growing only 1%.
The report was hailed as validation that “export-led growth and free trade are continuing to hold the economy above water,” said Frank Vargo, National Association of Manufacturers’ vice president for international economic affairs.
“While the overall U.S. trade deficit in January was $4 billion larger than the same period last year, this was due to the continued growth in the petroleum trade deficit,” Vargo said.
“The export gain continues a trend that is due to – among other things – the competitive value of the dollar,” said Vargo. “The slow import growth can also be attributed to the value of the dollar, though the slowing U.S. economy has cooled demand for consumer and other goods."
The January manufactured goods deficit was $37 billion, up 15.9% year-over-year, with exports rising 11% and imports growing only 1%.
The report was hailed as validation that “export-led growth and free trade are continuing to hold the economy above water,” said Frank Vargo, National Association of Manufacturers’ vice president for international economic affairs.
“While the overall U.S. trade deficit in January was $4 billion larger than the same period last year, this was due to the continued growth in the petroleum trade deficit,” Vargo said.
“The export gain continues a trend that is due to – among other things – the competitive value of the dollar,” said Vargo. “The slow import growth can also be attributed to the value of the dollar, though the slowing U.S. economy has cooled demand for consumer and other goods."
OXFORDSHIRE, UK – A workshop covering stack/package on package, aimed at the next generation of design and assembly engineers, will take place May 1 in Oxfordshire.
Presented by SMART Group and IMAPS, the event is aimed at engineers; designers; production; quality and inspection engineers. The workshop is also for managers who would benefit from a better understanding of the coating process.
For more information, visit www.smartgroup.org/pdf/popassembly.pdf.
To book a tabletop exhibition space, visit www.smartgroup.org/pdf/TableTopSpace2004.pdf.
Presented by SMART Group and IMAPS, the event is aimed at engineers; designers; production; quality and inspection engineers. The workshop is also for managers who would benefit from a better understanding of the coating process.
For more information, visit www.smartgroup.org/pdf/popassembly.pdf.
To book a tabletop exhibition space, visit www.smartgroup.org/pdf/TableTopSpace2004.pdf.
JACKSON, MI – Sparton Corp. CEO and president David W. Hockenbrocht has retired, effective March 7. He also resigned as a director.
MILTON, NY – Sono-Tek Corp. has created two business units: electronics and advanced energy and ultrasonic coating solutions.
Steve Harshbarger will head the electronics and advanced energy unit, while Luis Abarca will head the ultrasonic coating solutions unit. Both will report to Dr. Joseph Riemer, president.
The company will hire additional sales and applications development staff.
SCOTTSDALE, AZ – Nan Ya, Wistron and Chemtura have joined the research and development organization High Density Packaging User Group International.
The companies will participate in three halogen-free environmental projects currently underway, the HDPUG said.
Nan Ya PCB Corp. is a subsidiary of the Formosa Plastics, Taiwan’s largest company.
Wistron is among the world’s largest ODMs.
Chemtura supplies components to the lubricants industry and produces urethane polymers, among others.
“These companies bring a wealth of knowledge and experience to HDP, and their support will be beneficial to all of our activities,” said Marshall Andrews, executive director of HDP.
The companies will participate in three halogen-free environmental projects currently underway, the HDPUG said.
Nan Ya PCB Corp. is a subsidiary of the Formosa Plastics, Taiwan’s largest company.
Wistron is among the world’s largest ODMs.
Chemtura supplies components to the lubricants industry and produces urethane polymers, among others.
“These companies bring a wealth of knowledge and experience to HDP, and their support will be beneficial to all of our activities,” said Marshall Andrews, executive director of HDP.
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