News
MILTON, NY – Sono-Tek Corp. has created two business units: electronics and advanced energy and ultrasonic coating solutions.
Steve Harshbarger will head the electronics and advanced energy unit, while Luis Abarca will head the ultrasonic coating solutions unit. Both will report to Dr. Joseph Riemer, president.
The company will hire additional sales and applications development staff.
SCOTTSDALE, AZ – Nan Ya, Wistron and Chemtura have joined the research and development organization High Density Packaging User Group International.
The companies will participate in three halogen-free environmental projects currently underway, the HDPUG said.
Nan Ya PCB Corp. is a subsidiary of the Formosa Plastics, Taiwan’s largest company.
Wistron is among the world’s largest ODMs.
Chemtura supplies components to the lubricants industry and produces urethane polymers, among others.
“These companies bring a wealth of knowledge and experience to HDP, and their support will be beneficial to all of our activities,” said Marshall Andrews, executive director of HDP.
The companies will participate in three halogen-free environmental projects currently underway, the HDPUG said.
Nan Ya PCB Corp. is a subsidiary of the Formosa Plastics, Taiwan’s largest company.
Wistron is among the world’s largest ODMs.
Chemtura supplies components to the lubricants industry and produces urethane polymers, among others.
“These companies bring a wealth of knowledge and experience to HDP, and their support will be beneficial to all of our activities,” said Marshall Andrews, executive director of HDP.
PARIS – Gas supplier Air Liquide will open three electronics materials centers this year in Japan, Taiwan and China.
The company, which supplies nitrogen and other gases, employs 3,000 workers and had sales of €944 million in 2007.
TORONTO – EMS provider SMTC Corp. reported fourth quarter revenue of $66.8 million, up 24% sequentially, and down 12.2% year-over-year.
For the quarter, net earnings were $1 million, up from a net loss of $1.2 million in the third quarter, but down 52.4% year-over-year.
Gross profit was $6.4 million, or 9.5% of revenue, compared with $3.4 million (6.3% of revenue) and $7.7 million (10.1%) year-over-year.
“Fourth quarter results reflect our customers' resumption of traditional order levels that were unusually low in the previous quarter. As expected, our results did not attain the record level in 2006; however, our overall financial performance was in line with our expectations,” stated John Caldwell, president and CEO. “Notably, we have engaged with several new customers that are now ramping to solid revenue levels. We also progressed two important strategic initiatives to bring additional capability to our customers by expanding our footprint in Mexico and China.”
Revenue for 2007 was $256.4 million and net income was $2.7 million, down 2.4% and 74.3% respectively year-over-year. Caldwell blamed very soft orders in the third quarter for the drop. Cash flow from operations was $25 million.
"Our goals for 2008 are to achieve substantially higher earnings on a growing revenue base, as well as continuing to generate cash from operations to further reduce debt,” Caldwell said. “We expect results in the second half to be stronger with new customers, ramping to higher volumes and seasonality of certain of our longstanding customers.”
For the quarter, net earnings were $1 million, up from a net loss of $1.2 million in the third quarter, but down 52.4% year-over-year.
Gross profit was $6.4 million, or 9.5% of revenue, compared with $3.4 million (6.3% of revenue) and $7.7 million (10.1%) year-over-year.
“Fourth quarter results reflect our customers' resumption of traditional order levels that were unusually low in the previous quarter. As expected, our results did not attain the record level in 2006; however, our overall financial performance was in line with our expectations,” stated John Caldwell, president and CEO. “Notably, we have engaged with several new customers that are now ramping to solid revenue levels. We also progressed two important strategic initiatives to bring additional capability to our customers by expanding our footprint in Mexico and China.”
Revenue for 2007 was $256.4 million and net income was $2.7 million, down 2.4% and 74.3% respectively year-over-year. Caldwell blamed very soft orders in the third quarter for the drop. Cash flow from operations was $25 million.
"Our goals for 2008 are to achieve substantially higher earnings on a growing revenue base, as well as continuing to generate cash from operations to further reduce debt,” Caldwell said. “We expect results in the second half to be stronger with new customers, ramping to higher volumes and seasonality of certain of our longstanding customers.”
TAIPEI – Delta Electronics reported consolidated sales revenues for February of $299.4 million, up 24% year-over-year, and down 26% sequentially.
The company's cumulative consolidated sales revenues from January to February were $702 million, up 28% compared to the same period last year.
Delta Electronics’ power system business – recently consolidated into one group – constituted 56% of February sales, components represented 19%, video displays 3%, and industrial automation 6%. Other, including EMS services, was 16%.
The company's cumulative consolidated sales revenues from January to February were $702 million, up 28% compared to the same period last year.
Delta Electronics’ power system business – recently consolidated into one group – constituted 56% of February sales, components represented 19%, video displays 3%, and industrial automation 6%. Other, including EMS services, was 16%.
BISIE, CONGO – Congolese rebel soldiers are running national tin mines and causing havoc with consumer electronics firms intent on following best practices for corporate humanitarianism.
