Electronics Production | August 25, 2010
Komax improves sales
The Komax Group substantially improved sales and new orders in the first six months of 2010.
First-half sales came in at CHF 157.7 million (previous year: CHF 103.0 million). New orders more than doubled to CHF 168.5 million (previous year: CHF 82.7 million). Following the previous year's loss, the business staged a clear return to profit. A rapid revival of business in the Wire segment enabled the Komax Group to return to profit. Driven by a strong recovery in the automotive industry, but also other markets, Komax achieved a net profit of CHF 8.6 million in the first half of 2010. This compares with a loss of CHF -11.0 million in the previous year. First-half sales rose to CHF 157.3 million (previous year: CHF 103.0 million), an increase of 53 percent. Owing to the weak euro as at 30 June 2010, the overall currency impact at sales level was a negative 2.9 percent and at EBIT level a negative 0.7 percent. New orders more than doubled year-on-year from CHF 82.7 million (previous year) to CHF 168.5 million. The economic environment brightened in the first half of 2010 and market volatility declined significantly. The best performer was the Asia region with a rise of more than 200 percent. On a combined basis, North and South America exhibited growth in sales of around 60 percent. By contrast, growth in the Europe region was on the low side at around 5 percent – though at a high level. There are increasing signs that customers' quality demands have risen further, particularly in the automotive industry. Sales in the Wire segment soared by around 110 percent to CHF 85.1 million (previous year: CHF 40.0 million). Accordingly, EBIT at segment level showed a disproportionately strong improvement to CHF 19.0 million (previous year: CHF -4.9 million). The recovery in the Wire segment is broad-based in geographical terms, with all markets showing gains. At product level, Komax benefited in particular from its strong innovative edge as the market leader, and from its ability to process orders with very short lead times. The Solar business unit also posted gains. Komax benefited in particular from Asian demand for crystalline technology and the new Stringer X2. Sales in the Solar segment increased by 26 percent to CHF 28.3 million (previous year: CHF 22.5 million). Although lower silicon prices benefited the crystalline technology business, this development was negative for the thin-film business. In this area, Komax announced in June that it would be bundling its resources in York, USA. Although a pleasing EBIT was achieved in the crystalline business, the substantial loss in the thin-film business led to a loss for the Solar business unit overall. This amounted at EBIT level to CHF -3.3 million (previous year: CHF -3.4 million). The Medtech segment was able to process a larger volume of orders. Here, too, business from Asia showed the biggest increase. First-half sales increased by 15 percent to CHF 45.0 million (previous year: CHF 39.0 million). Owing to continued strong growth in new orders, the Komax Group expects a good second half. In the Wire segment, Komax anticipates stabilization at a high level. Having been extremely reticent last year, customers in the automotive sector in particular are now intensifying their investment activities. At Komax Solar, the strong growth in new orders – in particular from Asia – continues. How-ever, the costs incurred by the restructuring process implemented in the thin-film business mean it is still too early to expect a positive operating profit in the Solar segment, despite the pleasing business performance and healthy profitability of the crystalline area. In the Medtech segment, new orders received in the second quarter did not fully meet expec-tations. For the year as a whole, Komax anticipates a positive operating result in this business.
Ericsson opens new R&D site in France Ericsson says it will establish a new R&D site in France with up to 300 employees, accelerating 5G momentum in Europe.
GKN team up with Delta on eDrive technology GKN Automotive and Delta Electronics are collaborating on the joint development that aims to enable the rapid acceleration of next generation integrated 3-in-1 eDrive systems of power classes from 80kW to 155kW.
Samsung’s planning Indian smartphone display plant The South Korean tech-giant is reportedly planning a USD 500 million investment to set up a display manufacturing plant in India.
Elmaticas gets green light to audit SAAB Avionics sub-suppliers. Elmaticas Jan Pedersen successfully completed the Part 21 Subpart G training, regarding auditing of Printed Circuit Boards suppliers for SAAB Avionics Systems earlier this year. Allowing Elmatica to conduct audits of SAAB Avionics sub-suppliers.
Sponsored content by CMLCML manufactures Insulated Metal Substrate (IMS) solutions Printed circuit boards (PCBs) plays an important role in our day to day life. Whether it’s the car you’re driving, the phone that you’re scrolling through or computers that you’re sending emails from. What happens when you use heat generating components on a PCB? That’s right, cooling is needed!
Jenoptik to keep its mechatronic activities The Executive Board of Jenoptik AG has decided to stop the process of selling the mechatronic business operating under the brand name VINCORION.
U.S. polysilicon makers laud Phase 1 of China deal The United States’ three remaining manufacturers of polysilicon expressed appreciation to President Trump and praised U.S. negotiators for securing the Chinese commitment to purchase U.S. polysilicon in the first phase of the U.S.-China trade deal.
Dupont explores divestiture of electronics unit Following its recent USD 26.2 billion deal to sell off its nutrition business, DuPont de Nemours Inc. is weighing a divestiture of its electronics unit, according to people familiar with the matter.
AMD bolsters exec leadership team AMD has announced several promotions and one new hire to its senior leadership team, in an effort to enable the company’s continued growth in the high-performance computing, graphics and visualization technologies market.
Webasto opens new battery centre in Jiaxing Webasto has inaugurated its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai.
Panasonic to expand its manufacturing footprint in India Panasonic is looking to build a new wiring device factory in southern India. The new factory is scheduled to start production in autumn 2021, responding to the increased demand in the country.
Season Group strengthens wireless R&D & manufacturing capability Season Group has invested in, and installed, two high-speed and high-precision wireless communication testers - Rohde & Schwarz’s R&S CMW500 Wideband Radio Communication Tester and R&S CMW100 Communications Manufacturing Test Set.
Rocket Lab expands capabilities in So Cal Rocket Lab announced this week it will open a new facility to serve as its corporate headquarters and provide increased production capacity.
PCB Piezotronics unveils new clean rooms PCB Piezotronics Inc., a wholly owned subsidiary of MTS Systems Corporation, has announced the completion of environmentally controlled clean rooms at their DePew, New York facility.
European loudspeaker company brings production back home Difficulties manufacturing smaller design series among reasons for the decision to return back to base.
China only region to register pure-play foundry market growth Rise of China-based fabless IC suppliers offers increased opportunities for foundries, IC Insights states in a recent report.
Mycronic receives first SLX order Swedish production equipment specialist, Mycronic, has recieved their very first order of its mask writer SLX.
600 new German jobs as VARTA expands production again The lithium-ion battery market continues to experiencing growth, currently the market is poised to continue to move forward with an annual growth of about 30% – and VARTA wants a big piece of the pie.
FTG achieves S9100D certification at acquired PCB fab Firan Technology Group Corporation has completed and received AS9100D Certification from SAI Global Ltd. for its recently acquired PCB manufacturing facility located in Fredericksburg, Virginia USA (formerly Colonial Circuits Inc.).
Dutch block sale of technology, China miffed Following ASML’s denial of an export license by the Dutch government to sell a piece of critical chip-making technology to the Chinese, China’s ambassador to the Netherlands has issued a statement expressing his country’s displeasure.
DuPont aids S. Korea in photoresist shortage The office of Korea’s Ministry of Trade, Industry, Sung Yun-mo, met with DuPont President Jon Kemp last week to confirm DuPont’s investment in the country’s need for diversification of its EUV photoresist supply.
Volvo building U.S. battery assembly plant In preparation for bringing a new line of electric vehicles to the U.S. market, Volvo announced it will build a battery assembly plant at its existing facility in Ridgeville, South Carolina.
New game consoles expected to trigger demand surge for graphics DRAM and SSD's TrendForce expects the year-end release of new generation game consoles to trigger a demand surge of graphics DRAM and SSD's during the second half of 2020.
A new year begins with new machinery at Swedish Microwave In Motala, Sweden sits Europe’s oldest manufacturer of Low Noise Block down-converters (LNB) for the global satellite market, namely Swedish Microwave (SMW). The company is now kicking off 2020 with an investment in production.
Lucid eyeing April reveal of pre-production sedan Luxury EV manufacturer Lucid has announced that production is underway in Silicon Valley of 80 beta prototypes of its luxury sedan, Lucid Air, to be unveiled in April in New York City.Load more news