News
SYDNEY – EMS provider GPC Electronics announced plans to establish a factory in Shenzhen to manufacture electronics products. Setup in China will be completed by January, and initial volume production is scheduled for March.
MAPLE GROVE, MN – By 2011, the automotive connector market will reach $12.36 billion, according to a leading researcher on connectors.
Last year, the world connector market totaled $39.95 billion, Bishop & Associates Inc. reports.
Automotive is the largest market for connectors, with sales of $9.62 billion, or 24% of all connectors sold worldwide, the researcher says.
Two major factors drive automotive connector sales: higher volumes of vehicles sold and increased electronics content per vehicle.
The North American connector market will grow in the low single digits, but emerging economies, such as China and elsewhere, will achieve double-digit or near double-digit growth, Bishop adds.
Approximately 65% of automotive connector growth will come from an increase in the number of vehicles manufactured. The other 35% will come from increased electronics content per unit. Bishop estimates an average connector value of $153 per vehicle manufactured in 2006.
In emerging economies, connector content will fall below the $153 world average. In mature developed economies, connector content can reach well over $200 per vehicle.
The increase in electronics content comes from comfort, entertainment, navigation, and instrumentation applications within the vehicle.
Last year, the world connector market totaled $39.95 billion, Bishop & Associates Inc. reports.
Automotive is the largest market for connectors, with sales of $9.62 billion, or 24% of all connectors sold worldwide, the researcher says.
Two major factors drive automotive connector sales: higher volumes of vehicles sold and increased electronics content per vehicle.
The North American connector market will grow in the low single digits, but emerging economies, such as China and elsewhere, will achieve double-digit or near double-digit growth, Bishop adds.
Approximately 65% of automotive connector growth will come from an increase in the number of vehicles manufactured. The other 35% will come from increased electronics content per unit. Bishop estimates an average connector value of $153 per vehicle manufactured in 2006.
In emerging economies, connector content will fall below the $153 world average. In mature developed economies, connector content can reach well over $200 per vehicle.
The increase in electronics content comes from comfort, entertainment, navigation, and instrumentation applications within the vehicle.
VANCOUVER – EMS provider and ODM Northstar Electronics reported third-quarter revenues of $688,228, up nearly 40% year-over-year.
The company cut its quarterly loss 72% to $45,605 over 2006.
Year-to-date revenues were $1.3 million, down 6.3% year-over-year. The company incurred a year-to-date net loss of $454,102, down 9.4% compared to last year.
Northstar provides EMS services and builds sonar technology for security and defense customers. During the quarter, Northstar continued work on two Lockheed Martin contracts. Sales for commercial product were also higher sequentially as result of higher demand in Europe, Northstar reports.
“The increasing contract revenues and increasing product sales resulted in an improvement in overall revenues and a significant reduction in the quarterly loss. We expect to see increasing revenues and an improved bottom line in the ensuing quarters ahead,” CEO Wilson Russell said.
The company cut its quarterly loss 72% to $45,605 over 2006.
Year-to-date revenues were $1.3 million, down 6.3% year-over-year. The company incurred a year-to-date net loss of $454,102, down 9.4% compared to last year.
Northstar provides EMS services and builds sonar technology for security and defense customers. During the quarter, Northstar continued work on two Lockheed Martin contracts. Sales for commercial product were also higher sequentially as result of higher demand in Europe, Northstar reports.
“The increasing contract revenues and increasing product sales resulted in an improvement in overall revenues and a significant reduction in the quarterly loss. We expect to see increasing revenues and an improved bottom line in the ensuing quarters ahead,” CEO Wilson Russell said.
MUNICH – The final tally is in, and the numbers reveal Productronica as – still – the world’s largest electronics manufacturing trade show. Some 1,484 exhibitors from 35 countries attended last week’s show.
RICHARDSON, TX – Telecom ODM TXP Corp. reported third-quarter revenue of $2.7 million, an increase of 61% year-over-year. The net loss was $1.3 million, compared to net income of $2.2 million in 2006. The company's thriving prototype design and assembly business was offset by R&D costs related to its optical network terminal product development.
SCHAUMBURG, IL – Misumi USA Inc. next month will conduct a series of configuration technical seminars aimed to help engineers overcome time and performance pressures typically associated with custom machine builds.
The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.
The seminars feature Chris Blaszczyk, manager of product development.
To register, visit www.misumiusa.com/techseminars.aspx.
The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.
The seminars feature Chris Blaszczyk, manager of product development.
To register, visit www.misumiusa.com/techseminars.aspx.
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