TORONTO -- Electronics manufacturing services firm
Celestica Inc. has sold its Vimercate, Italy, operations to
Bartolini Progetti, to whom Celestica will provide EMS,
after-market, new product introduction and support services on a subcontract
basis. No financial terms were announced.
The plant's 850 employees will be transfered to Bartolini, an Italian logistics and after-market
services provider.
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RICHARDSON, TX -- EMS provider
TXP Corp. has signed a letter of intent to acquire the assets and intellectual property for
Siemens AG's optical network terminal technology, supporting broadband passive optical network and gigabit passive optical network standards. The deal is nonbinding and is subject to customary due diligence. The transaction is expected to close in the fourth quarter.
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TAIPEI -- Foxconn Technology will invest a reported $1
billion to build an industrial park in China's Huaian economic
development zone, according to a newspaper report yesterday.
The
Hong
Kong Standard cited the Huaian city government as saying that the
company would invest the money in electronics facilities over the
course of five years.
Huaian is located in China's eastern Jiangsu
province.
ST. LOUIS – Laird Technologies, a designer and manufacturer of antennas, electromagnetic interference shielding, telematics and thermal management gear, will open a manufacturing facility in Chennai, India, next year.
The company expects to break ground on the approximately 150,000 sq. ft. facility in January, and will reportedly open it in mid 2007. It will initially accommodate antenna production, followed by EMI products for handset applications.