News
TORONTO -- Celestica Inc., a top tier electronics manufacturing services provider, today announced that it has acquired Ramnish Electronics, an EMS provider located in Hyderabad, India. Celestica will relocate and expand the company's operations in Hyderabad area later this year.
Terms were not disclosed.
VANCOUVER -- Nam Tai Electronics reported second-quarter net income of $6 million on sales of $185 million, a company record for quarterly sales.
For the June quarter, the EMS provider's sales were up 25.5% year-over-year, while net income fell 92.8%. In Q2 2004, the company received a one-time gain of $71 million from the IPO of one of its subsidiaries. Gross profit was up 7% to $23.8 million.
BEIJING -- A merger of several of state-owned electronics firms will create the nation's largest electronics concern, various news outlets reported today.
China Electronics Corp. and China Great Wall Computer Group are among more than a half-dozen firms that will merge into the new comglomerate. The group received government approval earlier this week.
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