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TAIPEI – Foxconn Electronics (Hon Hai Precision Industry) posted February revenues of $3.83 billion, up 46.8% year-over-year.
That’s according to a new report from Barron’s. The financial media outlet believes OEMs will slowly but steadily move programs to EMS companies over the next several years.
Each segment should add 2.5% in incremental growth to the EMS sector over the next two years, Barron’s says. Coupled with macro demand forecasts, plus incremental gains for consumer electronics cellphones (another 2.5%), and the industry growth rate should reach 10%.
Furthermore, the company says, this revenue will come with higher margins than past outsourcing programs. While the industry at large tries to buck 3 to 3.5% operating margin, the new revenue sources should have 10% to 20% incremental operating margin, Barron’s says.
SIOUX FALLS, SD -- Raven Industries reported January quarter sales fell on weaker economic conditions in the company's end-markets.
OLATHE, KS -- Elecsys, which provides EMS and other OEM products, reported fiscal third-quarter sales fell 6% year-over-year to $4.74 million.
NASHVILLE – Celestica plans to close its facility here on April 15, say local reports.
SAN JOSE – Worldwide sales of semiconductor manufacturing equipment totaled $15.92 billion in 2009, a 46% year-over-year decline, SEMI reports.
TORONTO -- SMTC reported fourth-quarter revenue of $51.2 million, down 7.4% year-over-year but up 16% sequentially.
HELSINKI – The European Chemicals Agency this week published proposals to identify eight chemicals as Substances of Very High Concern (SVHC) and possible candidates for authorization.
ELK GROVE VILLAGE, IL – EMS firm SigmaTron International reported third-quarter fiscal 2010 revenues of $30.6 million, up 13% year-over-year.
IRVING, TX -- Gary Tanel, a longtime EMS executive, has purchased Circuitronics, a low-volume prototype contract assembler based here.
MUNICH -- January orders at Germany-based electronics manufacturers were up 10% from a year ago, a domestic trade group said.
STAMFORD, CT -- A leading research firm upped its 2010 global PC shipments projection to 19.7% growth year-over-year.
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