© baloncici dreamstime.com Electronics Production | December 11, 2012
High level revenue growth for Harting
The Harting Technology Group headquartered in Espelkamp (Minden-Lübbecke district) achieved revenues of EUR 479 million in the financial year under review (October 1, 2011 to September 30, 2012) coming in at slightly under the previous year’s level (EUR 481 million) with a decline of just 0.4%.
“The result is entirely in line with our expectations. In view of the weakening economy, we set ourselves the target at the end of 2011 of consolidating revenues at the high level of the previous financial year. We have met this goal,” declared Dietmar Harting (73), President of the company, at the press conference on the financial statements on December 3 in Espelkamp. Business performance nevertheless differed in the individual regions. The result achieved in the Americas region (US, South America and Canada), revenues in the region climbed by 13.6% to EUR 50 million (previous year: EUR 44 million). In fact, the development represents a 100% increase compared to the 2008/2009 financial year. Growth was also recorded in Europe, excluding Germany, where revenues were up by 4.3% to EUR 170 million (previous year: EUR 163 million). Compared to 2008/2009, the increase stood at just under 50%. In contrast, revenues in Germany dipped slightly coming in at EUR 177 million (previous year: EUR 181 million). By contrast, the family owned and family managed company posted a significant deckube of almost 12% to EUR 82 million in Asia compared to EUR 93 million in the previous year. Once again, the Espelkamp-based company generated just under two-thirds of its revenues (63%) abroad. The company is increasingly focusing on AutoID solutions (automatic recognition of objects) for industrial production and intralogistics. From January 1, 2013, the newly-founded HARTING IT Systemintegration GmbH & Co. KG will provide the complete portfolio of hardware and software solutions through to consulting and service offerings in this business area from a single source. Worldwide a total of 118 new jobs The Harting Technology Group has further increased headcount worldwide despite the consolidated course of business. Harting reached a new record level in the financial year under review with a workforce of 3,512 (previous year: 3,394). Harting employed 1,877 people at the three locations in the district of Minden-Lübbecke (Espelkamp, Rahden and Minden) as of September 30, 2012. That is five more (0.2%) than in the previous year. The headcount at the 36 national subsidiaries abroad increased more significantly from 1,522 (2011) to 1,635, representing a 7.4% rise. The greatest increase was in production operations in Sibiu, Rumania, and in the sales organization in the US (both plus 11%). This enabled the company to meet the growing demand for its products and solutions. “Our success is the result of the efforts of all of our employees,” emphasized Margrit Harting, Senior Vice-President and Partner at the Technology Group. EUR 10 million investment in quality and technology center Investment in the new financial year will focus on the construction of the Harting Quality and Technology Center (HQT). The facility will cost an estimated EUR 10 million. Research on new technologies for future products and solutions will be carried out at the technology center in Espelkamp where 60 people will be employed. The Technology Group also plans to increase its capacities in Rahden. Premises on the Ost industrial park were acquired there in 2010. The site is to be expanded by around 20 hectares over the medium term, while some 10 hectares are required for an initial construction phase. An application to amend the regional plan has been submitted to the district administration in Detmold. The Technology Group has also acquired another piece of land at the Espelkamp location on which a new logistics center is to be built.
EUV photoresist company Inpria raises $31 million in funding Inpria, a pioneer in high-resolution metal oxide photoresists for extreme ultraviolet lithography (EUV), has secured USD 31 million in Series C funding from a broad syndicate including two of the biggest names within the semiconductor manufacturing space.
Semiconductor industry avoids direct impact of coronavirus The semiconductor industry appears to have escaped the direct impact of the coronavirus crisis so far, but the market is likely to suffer the repercussions as the outbreak slows or suspends production among electronics manufacturers, according to Omdia.
Plessey partners with Axus Technology Plessey, an embedded technologies developer, is partnering with Axus Technology (Axus), a provider of CMP, wafer thinning and wafer polishing surface-processing solutions for semiconductor applications, to bring high-performance GaN-on-Silicon monolithic microLED technology to the mass market.
GPV Electronics CN resumes production On 19 February 2020, the Chinese Central Government informed that all enterprises in the Guangdong province are now allowed to resume production.
Nano Dimension moves its main commercial activity to USA Nano Dimension announces that the company is establishing its headquarters for the Americas in South Florida.
Rockwell Automation inks deal for Italy’s ASEM Rockwell Automation Inc. has signed a purchase agreement to acquire digital automation technologies provider ASEM S.p.A.
IFR releases ‘Top Trends 2020 Robotics’ The International Federation of Robots (IFR) has forecasted an uptick of 2 million industrial factory robotic units in the next two years.
Paslin, Rivian fuel EV factory expansion The Paslin Company, a builder of robotic assembly lines for Tier 1 suppliers and OEM auto companies, is expanding in Warren, Michigan.
Nokia plans to acquire US-based company The Finnish telecom company is planning to acquire Elenion Technologies, a U.S.-based company focusing on silicon photonics technology.
neutec electronic to handle Asymtek and Dima in Switzerland Asymtek, a part of Nordson Electronics Solutions - announces that their distributor, neutec electronic AG, has expanded its representation of all Asymtek and DIMA products to the French-speaking areas of Switzerland.
BMZ subsidiary Poland reports successful business year 2019 BMZ Poland, the second largest production site of the BMZ Group, is expanding its production area and is reporting 10% sales growth and thereby reached record results for the business year 2019.
Scanfil CEO: ‘Our operations are making good progress’ The last quarter of 2019 was the strongest one for the EMS provider. Scanfil recorded a turnover of EUR 155 million, a growth of EUR 15 million or 10% year-over-year.
Prime Technological Services acquire ITS EMS provider Prime Technological Services LLC has acquired Georgia-based I Technical Services (ITS).
Florida’s Sypris snags BAE Systems contract Sypris Electronics LLC, a subsidiary of Sypris Solutions Inc., has won a contract award from London-based BAE Systems’ Electronic Systems sector.
Into the future, San Diego style IPC APEX EXPO, the North American electronics manufacturing industry’s biggest gig, has left the teenage years behind with this year’s 20th anniversary show held Feb 3-8 in San Diego.
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.Load more news