Circuits Assembly Online Magazine - News

Latest News

CHICAGO – Just six EMS-related transactions were completed in the first quarter, down from 13 a year ago, according to a top industry M&A advisor.

DUSSELDORF, GERMANY – Henkel Corp.’s first-quarter sales were 3.3 billion euros, up 3.1% sequentially, on the acquisition of the National Starch businesses in April 2008.

TAIPEI -- Compal Electronics said notebook PC shipments during the current quarter would be higher than previous company forecasts, but said the cloudy economic conditions still remain.

JASPER, IN -- Kimball International's EMS sales fell 22% year-over-year in its fiscal third quarter to $140 million as the recession took its toll.

MIKKELI, FINLAND -- Savcor Group Oy has acquired a 63% stake in Cencorp Oyj, a provider of end-of-line automation equipment.

SAN JOSE -- A survey of more than 230 electronics supply chain decision-makers suggests the bottom of the market has not yet been reached.

NEWTON, MA -- Revenue from sales of automotive electronics will fall 14.5% this year before rebounding sharply in 2010, according to new research.

SINGAPORE -- Singapore's electronics industry expanded in April for the first in six months, the Singapore Institute of Purchasing & Materials Management said.

SAN JOSE – The Semiconductor Industry Association today said that proposed changes to international tax rules such as weakening the deferral of US income taxes on the earnings of foreign subsidiaries of US companies could actually encourage the transfer of manufacturing and research and design activities offshore.

LONDON -- Sales of electronics manufacturing services in Eastern Europe topped $10 billion in 2008 and could more than double over the next five years, according to new research.

ORADEA, ROMANIA -- Plexus' manufacturing facility here is nearly complete and scheduled to come online during the third quarter, company executives said Monday.

LUXEMBOURG -- Elcoteq, the world's sixth-largest EMS firm, reported March quarter revenues fell 48% to year-over-year to 470 million euros ($626.8 million).