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MINNEAPOLIS – EMS provider Nortech Systems Inc. today reported net sales of $28 million for the first quarter of 2007, up 8% over the $26 million reported for the same period last year.

 
Operating income was $651,379 for the first quarter, compared with $600,970 year-over-year. Net income totaled $286,894, versus $263,948 for the first quarter of 2006.

TOKYO – Japan's TDK Corp. will invest about $416 million on an electronics component factory, according to a Bloomberg report.

A TDK spokesman said the factory in Yurihonjo will increase the company's manufacturing capacity of ceramic capacitors by 40%. The company will begin building the factory in June, and production will start in the second quarter next year.

SPOKANE, WA – EMS provider Key Tronic Corporation will begin providing product assembly for Imation Corp’s tape-based data storage cartridges in July.

The agreement is expected to contribute $20 million to Key Tronic’s annual revenue.
 
Assembly operations will take place in its primary manufacturing facility in Juarez, Mexico.  

 
SAN JOSE, CA — EMS companies showed strong year-over-year first-quarter growth on the whole, says market research firm Gartner Inc.

Nine top EMS companies showed growth of 16% in the first quarter compared to 2006, according to the research firm.
  Read more ...
BANNOCKBURN, ILIPC’s Executive Market & Technology Forum has issued requests for proposals for two new research studies.
 
One study will cover Microelectronics: The Future of Miniaturization and its Impact on Electronics Manufacturing; the second will address Geographic Strategies for Global Expansion in the Electronics Interconnect Industry: Where to Invest for Long-Term Business Growth.
 
Proposals are due by May 18; commissions will be announced in early June. IPC anticipates publishing the studies in September.
 
More information about IPC’s market research programs, including the Executive Market & Technology Forum, is available on the Market Research page at www.ipc.org.

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