NEENAH, WI — Plexus is expanding in China and Romania, but the slow economy has put its planned addition here on hold.
WASHINGTON – The US, the EU and Japan have filed a World Trade Organization dispute settlement case against China’s export restraints on rare earths, tungsten and molybdenum.
The Office of the US Trade Representative says China imposes a number of unfair export restraints on rare earths, tungsten and molybdenum, including export duties, export quotas, export pricing requirements, and related export procedures and requirements.
The USTR claims these restrictions artificially increase prices outside of China, while lowering prices in the country, creating pressure on US and other non-Chinese firms to move operations to China.
The two sides have 60 days to reach an agreement. If a solution is not reached, the US may request the establishment of a dispute settlement panel to examine the case.
OULU, FINLAND – PKC Group today reported 2011 net sales of 550.2 million euro, up 74% year-over-year.
Operating profit for the year reached 34.5 million euro, up 16.2% compared to 2010.
Profit before taxes was 29.4 million euro, up 17.6% year-over-year.
The electronics business accounted for 13.3% of consolidated net sales, while the wiring systems business accounted for 86.7%.
Demand for automotive electronics grew, the firm says, and new customers were acquired in industrial electronics and in environmental and measurement technology fields.
Ed: euro 1 = US$1.3062
SAN JOSE -- The global electronic connectors market is projected to reach $89.6 billion by 2018, primarily driven by technology developments, improving world GDP, growth in shipments of smartphones and other portable computing devices, and emerging opportunities from non-traditional end-user industries, such as medical and alternative energy.
LOUISVILLE -- Sypris Solutions today reported its Electronics Group saw fourth-quarter sales fall 41.5% to $11.4 million on continuing delays in funding for defense orders.
KAUNAS, LITHUANIA -- Kitron will invest a reported EUR 4.9 million ($6.4 million) to expand its electronics manufacturing facility here in response to new business from Germany, according to published reports.