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Fab News

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Category: Fab News
TAIPEI, TAIWAN -- Yu Fo Electronic, a PCB motherboard supplier with manufacturing locations in Taiwan and China, reported declining sales and an overall factory utilization rate below 50% for the fourth quarter.

This news follows announcements by Asustek Computer and Gigabyte Technology of sharp declines in shipments for the fourth quarter. Asustek and Gigabyte estimated fourth-quarter shipments would drop by 10% to 25%.

Yu Fo's November sales were down 48% compared to previous months.  

According to sources, Yu Fo has reduced its workforce in Huizhou China by 300 people. This is expected to reduce labor cost by approximately $60,000 monthly. The company has also stopped some production lines in Huizhou, China and Taoyuan, Taiwan to cope with weakened demand.

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Category: Fab News

SYDNEY, AUSTRALIA – Altium has named Triacon Scientific as its channel partner for Sweden. Triacon will sell Altium Designer, as well as Desktop NanoBoard and daughterboards. In addition, it will provide training, sales and support to local electronics designers.

By extending its sales force of channel partners, Altium believes it will strengthen future growth. “Sales grew 30% in Europe last quarter and 18% in the last financial year,” said Frank Hoschar, managing director and vice president of sales and support EMEA, Altium. “European organizations are rapidly turning to Altium’s next generation electronics design solutions.”

 

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Category: Fab News

TAIPEI – Hann Star has temporarily stopped production at its 1A plant in China. The measure comes after significant November losses.

Netbook and notebook orders dropped by 25% and 53% respectively when compared to October figures. The company reported a loss of NT$6 million (US$181,430) for the month. A 30% decline in netbook sales for December and a utilization rate of 50% is predicted.

The temporary closure is expected to reduce personnel expenses by 40% and increase the gross margin 1 to 2 percentage points. The facility is planned to reopen in mid-February.  

 

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Category: Fab News
ST. LOUIS -- To date, EMS provider LaBarge Inc. had largely stayed out of the acquisition game. 

The company ended that streak today, announcing a deal for Pensar Electronic Solutions for $45 million, subject to certain adjustments. 

Appleton, WI-based Pensar had 2008 revenues of about $55 million and is profitable, La Barge said in a statement announcing the deal. The 75,000 sq. ft. plant becomes LaBarge's third largest. Management and staff, including Pensar general manager David Steel, are expected to stay on.

The deal is expected to broaden LaBarge's end-markets, which are heavily oriented toward defense. The company currently generates about 45% of its revenue from defense programs, 21% from industrial, 16% from oil and gas, and 7% from medical.  

"The addition of Pensar is an exciting development in the advancement of LaBarge’s growth strategy. The acquisition adds significant new customers and greatly expands our presence in the medical and industrial market sectors,” said chief executive and President Craig LaBarge. 

LaBarge expects the acquisition to be modestly accretive to earnings in the second half of the current fiscal year, which ends June 28, 2009. LaBarge financed the acquisition with senior debt through U.S. Bank and Wells Fargo.

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Category: Fab News
MELVILLE, NY -- Park Electrochemical reported third-quarter sales fell 23% to $49.2 million for the period ended Nov. 30. Net earnings were down 67% year-over-year to $2.9 million.

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Category: Fab News
ENDICOTT, NY – Endicott Interconnect Technologies Inc. (EI) has received AS9100 certification. The company received a score of 100%.
 
AS9100 is the international quality management standard for designers and manufacturers of equipment for aerospace applications. “This certification strengthens EI’s competitive position as a world-class supplier of innovative advanced packaging solutions to this industry,” said K. Bradley Van Brunt, vice president of quality and business excellence. 

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