Electronics Production | April 18, 2008
PKC increase sales by 21,6% in Q1
The PKC Group's net sales in the January-March period increased by 21.6% on the previous year to EUR 85.1 million (70.0 million in Jan.-Mar. 2007). Operating profit was EUR 9.3 million (6.5 million) and profit before taxes was EUR 7.3 million (6.1 million).
The commercial vehicle market grew compared to the same period a year ago. Deliveries by the Wiring Harnesses business to the commercial vehicle industry in Europe and South America were at a high level. The deliveries of wiring harnesses for other vehicles enjoyed a favourable trend. Sales of wiring harnesses and cabling to the telecommunications and electronics industry have grown considerably compared to the previous year. Electronics contract design and manufacturing continued to exhibit strong growth during the report period. Investments made by telecommunications customers led to an increase in the volume of design services, and demand from the industrial electronics sector also remained robust. Competition for new supply contracts and customer relationships remains intense, requiring the adoption of cost-efficient operating models and the ability to rapidly respond to customers' global needs. Net sales generated in the report period by the Wiring Harnesses business amounted to EUR 69.3 million (58.1 million), or 19.3% more than in the comparative period. The segment's share of consolidated net sales was 81.5% (83.0%). It generated an operating profit of EUR 7.0 million (4.9 million), equivalent to 10.1% of the segment's net sales (8.5%). Net sales generated by the Electronics business grew 33.1% to EUR 15.8 million (11.8 million). The segment's share of consolidated net sales was 18.5% (16.9%). It generated an operating profit of EUR 2.3 million (1.5 million), equivalent to 14.7% of the segment's net sales (12.8%). The Group's net sales grew in both business segments thanks to strong demand from customer sectors. Operational profitability was at a good level both in the Harnesses and the Electronics business. Business operations in North America were successfully brought to a profitable level during the period, but the result of North American operations is burdened by provisions made for their restructuring, which will be completed during the second and third quarters of this year.
5 semiconductor companies hold 53% of global wafer capacity The world’s top-five wafer capacity leaders each had capacity of more than 1,000,000 wafer starts per month, says IC Insights.
Global DRAM revenue holds steady in 4Q19 The DRAM inventory finally returned to a relatively normal level for most OEMs in 4Q19 after nearly three consecutive quarters of adjustments, says the DRAMeXchange research division of TrendForce.
Mitsubishi Electric completes new satellite production facility Mitsubishi Electric has completed construction of a new facility for the production of satellites at the company’s Kamakura Works in Kamakura, Japan.
ISS-Broadband delivered by Kongsberg Kongsberg equipment is to enable broadband transmission for the International Space Station (ISS) to 'significantly improve communication between the ESA astronauts manning the station and earth.
Mycronic receives order for an SLX mask writer Swedish equipment provider, Mycronic AB, has received an order for the new SLX mask writer from a customer in Asia. The customer already has mask writers from Mycronic.
A new production unit for mirror segments for ELT Safran's new production unit at the company's Saint-Benoît facility near Poitiers in central France will make the primary mirror segments for Europe's Extremely Large Telescope (ELT).
A more sustainable approach to semiconductor manufacturing Reuse; that is the key to driving environmental sustainability in global semiconductor manufacturing, says Steven Zhou, CEO of Moov Technologies.
Teslas German venture comes to a halt following court order A court in Germany has ordered the US electric carmaker to stop clearing the forest at its future location outside Berlin.
Marposs expands with acquisition of Stil Precision metrology equipment supplier Marposs has acquired STIL S.A.S., a French company specializing in research, development, production and sales of optical measurement instruments.
Z-AXIS shares good news from 2019 Electronics design and CMS provider Z-AXIS Inc. released 2019 data showing showing robust revenue growth as well as an expansion to its workforce.
Fluidra reaches a deal to acquire Fabtronics Fluidra, a company within the pool and wellness equipment industry, has acquired Australian electronics manufacturer Fabtronics to strengthen its R&D capabilities and to incorporate complete, efficient and cost-effective electronics design and manufacturing solutions.
Garz & Fricke acquires Keith & Koep Hamburg-based Garz & Fricke Group has acquired Keith & Koep GmbH, located in Wuppertal, Germany. With this move, a new powerhouse for ARM-based embedded technologies in Europe has been formed.
ABB to close Hungarian plant – 1’000 jobs lost The power and automation company will close its production facility in Ozd, in northeastern Hungary, by the end of the year.
AT&S' plant Chongqing II back in operation Austrian PCB manufacturer, AT&S, announces that the Plant II at its Chinese location in Chongqing will resume operations.
Arçelik A.Ş files IP lawsuit against LG Arçelik A.S, owners of the Beko and Grundig brands, filed a lawsuit against LG Electronics and its subsidiaries in Germany and France for patent infringement in relation to the unlicensed implementation of the company’s direct drive technology in LG Electronics’ “6 Motion” washing machines.
Seagate unifying workforce at green Fremont site Data storage and management solutions provider Seagate Technology plc is consolidating its San Francisco Bay Area workforce by relocating the company’s Cupertino operations to its existing sustainable Fremont facility.
Coronavirus afflicts more electronic supply chains With the epidemic arriving at dawn of 5G’s mainstream deployment phase, the coronavirus has the potential to disrupt the progress of the next-generation wireless standard, as the crisis slows or threatens to slow the production of key smartphone components, including displays and semiconductors, according to Omdia.
Solid financial improvements for Kitron EMS provider Kitron could show off solid financial improvements, both for the fourth quarter and full year 2019.
Zollner resumes operations in China The German EMS provider Zollner says that its plant in Taicang is reopened. Work continues under strict safety conditions and not to the full extent.
Step-by-Step: Foxconn makes progress in WI Next construction phases of vertical construction, including steel placement, have commenced at Foxconn’s 296,000-square-foot Smart Manufacturing Center at the Wisconn Valley Science and Technology Park (WVSTP).
Eaton boosts offerings with acquisition of PDI Inc. Power management company Eaton has struck a deal to purchase Virginia-based Power Distribution Inc. (PDI), a supplier of mission critical power distribution, static switching, and power monitoring equipment.
BASF to set up cathode active material production in Germany BASF is planning a new battery materials production site in Schwarzheide, Germany, as part of its multi-step investment plan to support the European electric vehicle (EV) value chain.
Shipment from China to GPV sites worldwide has restarted Some of GPV's most important suppliers in China are back in operation which means that important shipment to GPV sites worldwide has restarted. However, not all supplies might be complete, the company says.
Orbit One expands with new test team in Poland The Swedish EMS provider is launching another test team within the group.Load more news