News
Net income was $8.6 million, vs. $5.1 million last quarter and $1.2 million last year.
First-half revenues were up 33% to $144.7 million and net income rose 491% to $13.6 million.
PCB equipment sales were $29.4 million, up from $23.2 million sequentially and $18.5 million last year. Sales of assembly equipment were $8.8 million, up from $6.6 million in the first quarter and $6.1 million a year ago.
Cash and equivalents increased $14 million to $166 million during the quarter.
"Our confidence in the long-term growth prospects of these
industries continues to be high," said CEO Yochai Richter in a press
statement.
Wang's talk will focus on enabling technologies and processes for higher quality and lower costs in a lead-free environment. Also on tap: overviews of press fit and pin insertion technology, and selective soldering .
The one-hour presentation takes place Sept. 1 at 2 p.m.
Contrary to published reports, Nepcon Shenzhen will take place at the China Hi-Tech Fair Exhibition Centre in Shenzhen, not Beijing. For more information click here (www.nepconchina.com).
Ruwel AG and Fuba Printed Circuits, which have joint sales of 270 million euros (about $325 million), say their combined buying power has the potential for "considerable savings" on raw materials. The companies also plan to coordinate sales and production efforts, in order to reverse downward pricing pressure and benefit from economies of scale.
Ruwell operates plants in Goch, Wetter, Grassau, Pfullingen, Nykøbing and and two in Geldern.
Fuba has plants in Gittelde, Dresden, and has JVs in Tunisia and India. The capacity of the Tunisia factory was recently increased by 80,000 m², to 200,000 m² per annum. Additional expansion will take it to 320,000 m² by year-end.
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