News
TOKYO – KYOSAN DENSO Manufacturing Kentucky, DENSO Corp.’s subsidiary in Mt. Sterling, KY, plans to expand its 80,700 sq. ft. facility by adding 84,500 sq. ft. The $27.1 million investment will also create approximately 150 new jobs by 2010 (the plant current employs 280).
Due to the expansion, capital was increased $16 million last month.
“With this expansion, we will be able to increase our production of automotive fuel pump modules and their components, including fuel filters and flanges,” said president Shunichiro Hiromasa. “We aim to increase sales to $160 million by fiscal year 2010, from $74 million in fiscal year 2005.”
Construction of the new facility is scheduled to begin in August and be completed by March 2007. Production should begin in June 2007.
KYOSAN DENSO assembles automotive fuel system components, fuel pump modules and on-board refueling vapor recovery valves for North American car manufacturers.
Due to the expansion, capital was increased $16 million last month.
“With this expansion, we will be able to increase our production of automotive fuel pump modules and their components, including fuel filters and flanges,” said president Shunichiro Hiromasa. “We aim to increase sales to $160 million by fiscal year 2010, from $74 million in fiscal year 2005.”
Construction of the new facility is scheduled to begin in August and be completed by March 2007. Production should begin in June 2007.
KYOSAN DENSO assembles automotive fuel system components, fuel pump modules and on-board refueling vapor recovery valves for North American car manufacturers.
Cary, NC -- Products manufactured and distributed through Metech will now be marketed under the LORD Corp. label. LORD, a supplier of electronic and microelectronic adhesives, coatings, encapsulants and sealants, purchased Metech in 2000.
Metech is known for its cermet and polymer thick film pastes for the hybrid microelectronic, PCB and component industries.
Greg Melso, prior VP of sales and marketing for Metech, will serve as the global business development manager for LORD’s Electronic Boards and Components Industry Group.
Metech is known for its cermet and polymer thick film pastes for the hybrid microelectronic, PCB and component industries.
Greg Melso, prior VP of sales and marketing for Metech, will serve as the global business development manager for LORD’s Electronic Boards and Components Industry Group.
RICHARDSON, TX -- TXP Corp., a provider of pre-manufacturing services announced results for the three and six months ended June 30, 2006. Revenue for the second quarter increased 34% to $1.9 million, up from $1.4 million in Q2 2005.
Operating income was $21,000, compared to a loss of $43,000 for the second quarter last year. Net loss was $4.1 million, or $0.04 per share, compared to net loss of $88,000 or $0.00 per share, for Q2 2005. Net loss included non-cash charges of $4.3 million related to a change in the fair value of derivative financial instruments, and $465,000 related to gain on early extinguishment of debt.
Michael C. Shores, president and chief executive, said in a press release, "I am extremely pleased to report that we achieved an operating profit for the second quarter of fiscal 2006 -- a major accomplishment, given the early stage of our business. Moreover, our customer base has grown to over 93 customers at the end of the second quarter, from 63 customers at the same time last year."
Operating income was $21,000, compared to a loss of $43,000 for the second quarter last year. Net loss was $4.1 million, or $0.04 per share, compared to net loss of $88,000 or $0.00 per share, for Q2 2005. Net loss included non-cash charges of $4.3 million related to a change in the fair value of derivative financial instruments, and $465,000 related to gain on early extinguishment of debt.
Michael C. Shores, president and chief executive, said in a press release, "I am extremely pleased to report that we achieved an operating profit for the second quarter of fiscal 2006 -- a major accomplishment, given the early stage of our business. Moreover, our customer base has grown to over 93 customers at the end of the second quarter, from 63 customers at the same time last year."
Press Releases
- ViTrox Americas Promotes Edward Pechin to Technical Support Manager
- ECD Partners with Advanced Manufacturing Services Ltd. to Elevate UK Sales and Distribution Channel
- TT Electronics AnnouncesCEO Appointment
- Koh Young Highlighting Dimensional Metrology & Inspection Solutions at the Binghamton University Electronics Packaging Symposium in Niskayuna, NY