News
TORONTO -- Electronics manufacturing services firm Celestica Inc. has sold its Vimercate, Italy, operations to Bartolini Progetti, to whom Celestica will provide EMS,
after-market, new product introduction and support services on a subcontract
basis. No financial terms were announced.
The plant's 850 employees will be transfered to Bartolini, an Italian logistics and after-market services provider.
The plant's 850 employees will be transfered to Bartolini, an Italian logistics and after-market services provider.
RICHARDSON, TX -- EMS provider TXP Corp. has signed a letter of intent to acquire the assets and intellectual property for Siemens AG's optical network terminal technology, supporting broadband passive optical network and gigabit passive optical network standards. The deal is nonbinding and is subject to customary due diligence. The transaction is expected to close in the fourth quarter.
TAIPEI -- Foxconn Technology will invest a reported $1
billion to build an industrial park in China's Huaian economic
development zone, according to a newspaper report yesterday.
The Hong Kong Standard cited the Huaian city government as saying that the company would invest the money in electronics facilities over the course of five years.
Huaian is located in China's eastern Jiangsu province.
The Hong Kong Standard cited the Huaian city government as saying that the company would invest the money in electronics facilities over the course of five years.
Huaian is located in China's eastern Jiangsu province.
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