News
WAYZATA, MN – Nortech Systems reported first quarter net sales were $30.7 million, up 38.9% year-over-year, driven primarily due to higher production volume, as well as price increases to counteract higher material and labor cost. The company says it has scaled the direct labor workforce and strengthened the supply chain for parts.
SAINT-HERBLAINE, FRANCE – Lacroix Group reported Electronics segment first quarter revenue of €122.1 million, up 41% year-over-year.
SANTA CLARA, CA – Henkel opened an application center here designed to support product development for the company’s high-tech customers in the Silicon Valley region. The facility will help expedite proof-of-concept initiatives for electronics advances.
LYON, FRANCE – DRAM is expected to grow to $118 billion, up 25% in 2022, according to Yole Développement. NAND flash memory will reach $83 billion, up 24%. Both are records.
SPOKANE VALLEY, WA – Key Tronic Corp. posted fiscal third quarter revenue of $138.4 million, up 3% year-over-year.
JASPER, IN – Kimball Electronics reported fiscal third quarter net sales increased 18.6% year-over-year to $368.1 million. Foreign currency had a 2% unfavorable impact on net sales compared to the same period a year ago.
