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News

AUSTIN, TX — Consumer demand for TVs continues to improve, with third-quarter shipments up year-over-year on a unit basis for the first time in a year.

TAIPEI -- Hon Hai (Foxconn) will issue $1 billion in overseas convertible bonds to pay for materials purchases.

WASHINGTON — November orders for US-built durable goods reversed an October dip, rising 0.2% to $166.9 billion on higher demand for computers and electronics.

DOUARNENEZ, FRANCE – The French government is offering one million euros in interest-free loans to entities that would take over and reestablish Asteel Flash's recently closed manufacturing site here.

Asteel closed the factory Sept. 4 and laid off the last of the 134 employees.

According to Ouest France, Finistere prefect Pascal Mailhos announced the free loans would be available to companies of Cornwall interested in reindustrializing the site.

HAVERHILL, MA – Lightspeed Manufacturing, a privately held EMS and rework specialist, has relocated to a larger facility.

AUSTIN – Contract electronics manufacturer Kodiak Assembly Solutions will relocate to a 42,000 sq. ft. facility in Austin, the company announced. The new plant is about 50% larger than the current one, also in Austin.

The firm expects to add about 20 employees to its current employee base of 60 during the next year or two.

Kodiak, which was launched in 2004 out of another company’s bankruptcy, is expected to be running in its new location Jan. 4.