| Viasystems' Sales Up 8% in Q4 | | Print | |
| Written by Mike Buetow | |||
| Monday, 11 January 2010 15:29 | |||
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ST. LOUIS -- Viasystems' fourth-quarter sales rose 8% sequentially to $131 million and bookings suggest more to come, company executives said. For the period ended Dec. 31, the book-to-bill ratio rose to 1.15, up from 1.08 in the third quarter. “The book-to-bill ratio has been positive for all our end markets in the third and fourth quarters,” chief executive David Sindelar said. “We believe this is the result of a stabilization of the markets we serve as well as our customers returning to normal ordering patterns.” While it did not break out revenues by segment, PWB sales typically make up 60 to 65% of Viasystems' overall revenues. Viasystems' acquisition of fellow printed circuit board maker Merix is scheduled to take place this quarter. The combined revenue of the companies would be a reported $840 million.
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Can high-mix, low-volume production succeed in China? You bet. In the 1970s, if you set up a contract manufacturing shop in a good location, customers eventually would walk through the doors. In the real world, things quickly changed for American companies, as OEMs, driven by maximizing shareholder value, searched for cheaper sources offshore. The first options were Hong Kong, Malaysia and Singapore. After prices increased in these countries, greener pastures were found in China....
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