SAN JOSE -- Sanmina-SCI's defense sales have stabilized following a drop last year and the EMS company is "optimistic" that the military growth engine will start to rev up later this year.
SAN FRANCISCO -- Longtime Fabrinet customer Opnext is broadening its supply base for optical components and networks.
NEENAH, WI – Plexus Corp. said it intends to construct a 410,000 sq. ft. manufacturing facility here.
The site will replace two existing leased facilities and will consolidate approximately 1,000 employees into the new building.
The facility is expected to cost approximately $50 million, with construction expected to begin in July, with a completion date of fall 2013.
Plexus is eligible for $15 million in enterprise zone tax credits through the Wisconsin Economic Development Corp. These tax credits will be distributed over a seven-year period. Incentives from the City of Neenah are also contemplated, subject to approval by city officials, the firm says.
SUZHOU, CHINA – Vitronics Soltec said it plans to consolidate manufacturing and expand operations in China.
SEOUL – Koh Young Technology has delivered its 3000th 3D inline solder paste inspection system, the AOI OEM said today.
EMS firm Mack Technologies purchased a total of six of the machines for its facility in Melbourne, FL.
LOUISVILLE, KY – Sypris Solutions reported first-quarter revenue of $96.5 million, up 27% year-over-year.
Net income was $5.3 million, an increase of 152.4% compared to the same period last year.
Revenue for the Electronics Group was $13.9 million, down 14.7% compared to the first quarter of 2011, but up 23% sequentially.
Gross profit for the quarter was $2.6 million, or 18.6% of revenue, compared to $3 million, or 18.5% of revenue for the same period in 2011.
The company expects the Electronics Group to see progressive recovery in shipments and margins throughout the coming year.