Fab News

TOKYOMeiko Electronics Co., known for PWB fabrication, is building an assembly plant in Vietnam, according to published reports.
 
The company is investing $32.4 million in an 18,000 sq. meter facility in Ha Tay Province, Business in Asia Today reported. Meiko will break ground in August, and operations are scheduled to begin next June.

The assembly plant is situated next to a PWB plant scheduled to come online in 2007.
 
Meiko has 4,500 employees and generates nearly $400 million in sales from its six facilities in Japan and China.

ROGERS, CTRogers Corp. guided for second-quarter net sales of $95 million to $97 million, down from its May 2 guidance of $102 million to $106 million. The drop is primarily a result of lower demand for custom electrical components and printed circuit materials, the company said.
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ANAHEIM, CA — The largest shareholder in flex circuit maker Multi-Fineline Electronix has turned down an offer by a rival to purchase the company.
 
WBL Corp. Ltd., M-Flex's biggest stockholder, voted not to accept shares in MFS Technology as part of an offer MFS made for M-Flex.
 
WBL shareholder approval was a pre-condition of the deal.
 
An M-Flex special committee had withdrawn its recommendation for the offer last August.
 
NORTH YORKSHIRE, UK – Eleven staff at GSPK Electronics have been let go after the company was placed in administration.

Mark Firmin and Richard Fleming of KPMG were appointed joint administrators of GSPK Electronics on Friday.

A spokesman said it’s too early to say if there will be any further job losses among the remaining 104 staff.

Firmin said the business has been hit by a significant overseas bad debt and does not have sufficient funding to continue trading outside of bankruptcy.

GSPK manufactures electronics products for the television, telecommunications and automotive sectors.
 
ADDISON, TX – Interconnect supplier AirBorn has acquired StrataFlex and Central Minnesota Tool. Terms of the transactions were not disclosed.
 
Toronto-based StrataFLEX designs and manufactures flexible printed circuits and assemblies for the military/aerospace, medical instrumentation and industrial markets.
 
Little Falls, MN-based CMT provides turnkey stamping, moldings and automation capability for assembly, for automotive, military/aerospace, medical instrumentation and telecom.
 
“This is a significant step forward for AirBorn,” says Cindy Lewis, president and CEO of AirBorn, in a statement. “Growth in the flex circuit market has outpaced growth in standard connectors."
 
 

 
LONDON – U.S. chemicals group Huntsman Corp. said it received a $6.1 billion takeover offer from private-equity firm Apollo Management, trumping a previously agreed deal with Dutch group Basell.
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