News
BILLINGSTAD, NORWAY -- Kitron ASA will open a fully owned subsidiary in Johnstown, PA, early next year, the company said.
KEMPELE, FINLAND -- A subsidiary of Finnish EMS company PKC Group Oyj has begun proceedings to close a factory and lay off 45 workers.
BANNOCKBURN, IL – The IPC Solder Products Value Council has published a free white paper that provides a set of test protocols for the evaluation of new Pb-free alloys on the basis of their physical properties.
STAMFORD, CT – The worldwide semiconductor market will rise 27% to $290 billion this year, said Gartner.
MANILA – EMS provider Ionics EMS will be delisted from the Singapore stock exchange June 23, a voluntary move in order to cut compliance costs.
The company, a subsidiary of Ionics Inc., will have its last trading day June 8. On May 31, Ionics bought 2.616 million EMS Ionics shares worth S$39,240, bringing its current total to 1.4 billion shares, or 90% of the subsidiary’s total equity. A cash offer has been made for the remaining 10%.
MIGDAL HAEMEK, ISRAEL -- Rudolph Technologies has filed a claim in US District Court alleging two Camtek AOI machines infringe a recently issued patent.
BRUSSELS – Some substances, including halogenated flame retardants and PVC, should undergo further assessments for safe use in electrical and electronic equipment, said the European Parliament Environment Committee in a vote today.
TAIPEI -- Foxconn will raise wages of its China-based workers by 30%, effective immediately, according to reports.
FREMONT, CA -- Alta Manufacturing has acquired fellow electronics contract manufacturer NRC Manufacturing for an undisclosed sum.
TEMPE, AZ — Economic activity in the manufacturing sector expanded in May for the 10th consecutive month, says the Institute for Supply Management. The PMI for May was 59.7%, a drop of 70 basis points.
A reading above 50% indicates the manufacturing economy is generally expanding.
New orders were flat at 65.7%, and production was down 30 basis points to 66.6%. Inventories dropped 3.8 percentage points to 45.6%, while customer inventories dropped 1 percentage point to 32%. Backlogs were up 2 percentage points to 59.5%.
“The manufacturing sector grew for the 10th consecutive month during May. The rate of growth as indicated by the PMI is driven by continued strength in new orders and production. Employment continues to grow, as manufacturers have added to payrolls for six consecutive months. The recovery continues to broaden, as 16 of 18 industries report growth. There are a number of reports, particularly in the tech sector, of shortages of components; this is the result of excessive inventory de-stocking during the downturn,” said ISM spokesperson Norbert J. Ore.
The overall economy grew for the 13th consecutive month.
The event addresses the supply chain, informs about the latest research projects, and explores whether manufacturing standards improve the industry.
Other topics include production control, chemistry, what’s happening with RoHS and REACH, cleaning, tin whiskers and component tinning practices.
The full program and a list of exhibitors will be announced soon.
The conference is timed with the organization’s 26th anniversary.
