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SOUTH SAN FRANCISCO, CA – Worldwide Energy and Manufacturing USA reported second-quarter revenue increased 51% to $10.32 million on strong sales in the solar energy division. Read more ...

PECS, HUNGARYElcoteq has pledged to soon employ 7,000 workers here again, following a meeting with government officials in Budapest, say published reports.
 
Elcoteq announced early last month it would let 700 workers go at the end of September. It currently employs about 4,000 at the site.
 
But after meeting with top Elcoteq leaders, a leading Socialist Party official said the cuts are temporary. “Founder of Elcoteq Antii Piippo and chairman CEO Jouni Hartikainen assured us that Elcoteq made a strategic decision when it set up its European production centre in Pécs,” said Socialist Party member Endre Bókay, according to reports.

 

SHENZHEN -- SMTA China last week presented awards for seven papers for its annual SMTA South China technical conference.  

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TEMPE, AZ -- Manufacturing economic activity expanded in August for the first time in 19 months and the overall economy grew for the fourth consecutive month, according to the latest survey of US supply executives.

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WATERLOO, ONTARIOTerepac Corp. has begun shipping samples of its ultra-thin, flexible, silicon-based products from its plant here, says CEO Ric Asselstine.

Following four years of development, the company is entering into pilot scale production of Microscale Circuit Cluster products.

Terepac is beginning with HF/NFC and UHF embedded electronic products, and has signed agreements with two customers. It will progress into wirelessly networked sensors.

The company has signed a collaboration contract with a research institute to fabricate and commercialize a flexible medical monitoring system.

SANTA ANA, CA – PCB manufacturer TTM Technologies will close a pair of plants in California and lay off 347 workers because of continued weak demand in North America for PCBs and backplanes.

The firm will take charges of $11 million and $14 million as its pares its footprint and trims its workforce by 11%.

The closures to the company’s plants Los Angeles and Hayward, CA, will put 263 and 84 employees, respectively, out of work.

TTM will transfer PCB production from LA facility to other company sites in California, Utah and Wisconsin.

Backplane assembly services provided by the Hayward plant will be transferred to the company's other backplane assembly plants in Shanghai and Stafford Springs, CT.

The company expects to record between $11 million and $14 million in separation, asset impairment and disposal costs related to these closures, primarily in the third quarter of 2009.

Excluding asset impairment charges and closure costs, the firm expects to achieve its earnings and revenue guidance for the third quarter with revenue in a range of $134 million to $142 million.

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