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Suntron, a contract assembler, has until Aug. 22 to comply; failure to do so will lead to delisting of the company's common stock.
Suntron said it is evaluating its options.
For the month new orders and backlogs were down 2.0 points and production slid 1.8 points. Inventories at manufacturers ticked down, but customer stock levels jumped six points.
TORONTO -- Celestica Inc. was named 2005 EMS (electronics manufacturing services) Company of the Year by Frost & Sullivan consulting company. The award recognizes Celestica's success in its market diversification strategy; year-over-year revenue growth; technology leadership; and strategic global footprint.
"By working closely with its customers, Celestica has been successful in anticipating their needs and providing them with cost-effective and innovative services that deliver competitive advantage," said Vikram Shanbhag, a senior research analyst at F&S. "Celestica has also successfully diversified its end markets and implemented operational improvement initiatives that have improved revenue growth. This makes Celestica a deserving recipient of the 2005 EMS Company of the Year Award from Frost & Sullivan."
According to a press release, Celestica was chosen based on the following achievements:
* Strong y-o-y revenue growth: For fiscal 2004, revenue increased 31% over 2003.
* Technology leadership: Celestica offers a suite of Green Services to help OEMs comply with emerging environmental legislation, including RoHS and WEEE.
* Strategic global footprint: Celestica is rebalancing its global footprint.
* Diversifying end-market strategy: Celestica expanded into the aerospace and defense, automotive and industrial markets, boasting 152% growth over 2003. The acquisition of Manufacturers Services Ltd (MSL), which closed in 2004, enhanced this progress.
