ST. LOUIS -- Viasystems Group today reported fourth-quarter net sales in its assembly business unit rose 23.4% year-over-year to $45.4 million. The division swung to an operating profit of $900,000, up from a loss of $800,000 a year ago.

JAKARTA -- At long last, Hon Hai Precision Industry (Foxconn) has formalized its plans to establish a manufacturing plant here, as today it signed a letter of intent to invest, a city spokesman told reporters.

NEWARK, NY -- IEC Electronics reported a fiscal first-quarter net loss of $1.1 million, down from a loss of $101,000 a year ago.

JUAREZ, MEXICO -- Plexus plans to close its manufacturing facility here by year-end and lay off up to 250 employees. The company, which is building a new site in Guadalajara, said it faced "ongoing challenges" to securing sufficient business for the Juarez plant.