Circuits Assembly Online Magazine - Features

ANGLETON, TX -- Benchmark Electronics reported sales of $561 million for the quarter ended Sept. 30, up 11% from last year. Third-quarter net income was $20.3 million, up 12.7%.

"Our third quarter results are a clear indication that our strategy is working as we delivered double digit growth in sales and net income," said president and CEO Cary T. Fu.

TORONTO -- Celestica this afternoon said third-quarter sales were down 8% to $1.99 billion, year-over-year. The GAAP loss for the quarter ended Sept. 30 was $19.6 million, including charges, versus $24.4 million last year.
Operating margins were 2.3%, up from 1.8% a year ago

The comany guided for Q4 revenue of $1.9 billion to $2.1 billion, and adjusted net earnings of $0.10 to $0.18.

NEW YORK -- Dover Corp. today reported profits from continuing operations rose 18% to $132.6 million and revenue rose 23% to $1.56 billion for its third quarter ended Sept. 30. Net income was $122.7 million, including a loss of $9.9 million, versus $120.3 million in 2004.

Income and earnings per share from continuing operations were at their highest levels since the third quarter of 2000.

ELKHART, IN -- CTS Corp., a manufacturer of electronic components and sensors and a provider of EMS
services, will build a manufacturing operation in Ostrava, on the eastern border of the Czech Republic. Production is expected to start mid-2006. The facility will initially manufacture automotive products for the European market.

In a press statement, vice president and general manager of CTS automotive products Jeff McCurley said, "Our European sales are projected to double in the next five years. Expansion of our European manufacturing presence to the Czech Republic will better serve our European automotive customers. Locating our new plant in Ostrava offers low costs, availability of technical skills and necessary manufacturing infrastructure," added McCurley.

CHANDLER, AZ -- Isola said it might raise prices up to 10% due to cost increases in various raw materials for laminate and prepreg products. A decision is expected in a few weeks.

Price inflation has been rampant for such materials as hydrocarbon-based products, copper and even oil. In a press release, Tim McCloskey, vice president sales, Americas, said, “Recent increases in the prices of all hydrocarbon-based products are having a significant impact on the cost structure throughout the Isola product line. In addition, rising oil prices have increased operating costs through higher natural gas prices and freight surcharges. Copper prices continue at record levels in the commodity markets, driving recent increases from the producers of electrodeposited copper foil."

"Our goal is to keep any potential increase in the 8 to 10% range. While we regret that this action may be necessary, it is quite clear that the entire supply chain in electronics manufacturing is similarly affected”, said McCloskey.

Recently, a pair of major Japan-based laminate producers raised prices about 10%.

An announcement detailing the pricing for Isola products is anticipated in the coming weeks.

SAN JOSE -- North American-based manufacturers of semiconductor equipment posted $1.09 billion in orders in September on a three-month, down 1% from August and 19% from last year. The book-to-bill ratio was 1.02, the SEMI trade group said.