GREENVILLE, SC – Component maker Kemet Corp. reported its executive vice president and chief financial officer David Gable is resigning.
Gable leaves the company to pursue other avenues, Kemet said.
The company announced a restructuring plan in January that will dissolve 120 jobs in the U.S. and 250 jobs in Mexico, with some work moving to China. The company said the job cuts would save about $16 million annually, with a one-time cost of about $7 million.
Gable will remain with the company during the search for a successor.
BREDA, HOLLAND – Cobar Europe BV, member of the Balver Zinn Group and supplier of solder pastes, fluxes, and other electronics soldering materials, has acquired a global license to distribute solder pastes and wire using the SN100C alloy developed by Nihon Superior Co. Ltd.
The license permits Cobar Europe and Cobar Solder Products to sell SN100C solder paste and wire in specific territories allocated by Nihon Superior.
No financial terms were disclosed.
SN100C is a patented nickel stabilized tin/copper alloy that is based on the eutectic 99.3% tin 0.7% copper with a trace amount of nickel.
LOUISVILLE, KY – Manufacturer and outsourcing specialist Sypris Solutions Inc. reported revenue of $106.3 million for the first quarter, down about 4.6% year-over-year.
The company reported net income of $400,000, compared to a net loss of $200,000 in the prior year period.
“Revenue was at the high end of our expectations due to stronger than anticipated sales from our industrial group. Top line performance for our electronics group bettered last year’s quarter by 13% on improved revenue from our products and manufacturing services,” said Jeffrey T. Gill, president and CEO of Sypris.
“Orders for our electronics group increased 7% compared to the prior year period, driven by a 13% year-over-year increase in bookings in our aerospace and defense segment.”
Revenue for the company’s electronics group was $36.4 million.
ANAHEIM, CA – DDi Corp., provider of PCB manufacturing services, reported first-quarter net sales of $47.4 million, up 9% year-over-year, and up 5% sequentially.
The company reported net income of $718,000 compared to a net loss of $1 million in the same period last year, and a sequential improvement compared to a net loss of $285,000 in the fourth quarter 2007.
PEABODY, MA – Carl Zeiss SMT, provider of electron- and ion-beam imaging and analysis solutions, opened its North American headquarters in Peabody, MA, near Boston.
Representing an investment of more than $9 million, the 53,000 sq. ft. facility houses the research, development and production center for the Orion helium ion microscope product line.
The facility also serves as the North American hub for sales and service for Zeiss particle beam instruments and houses the Carl Zeiss Nano Solutions Center Peabody. This center is a demonstration and application development facility hosting six electron- and ion-beam systems for nanoscale imaging, analysis and structuring.
The facility is the home office for more than 150 employees.