Incap ups its estimate for 2019 - expects even better result

EMS provider Incap estimates that its full-year revenue and operating profit (EBIT) in 2019 will be clearly higher than in 2018.

The previous guidance in the half-year report was that the revenue and operating profit (EBIT) for 2019 would be higher than in 2018. Both estimate, the previous and current, assume that there will be no major changes in currency exchange rates or component availability. In 2018, the group's revenue amounted to EUR 59.0 million and the operating profit (EBIT) was EUR 8.6 million. In January-June 2019, the Group's revenue amounted to EUR 37.2 million and the operating profit (EBIT) was EUR 5.7 million. The guidance was revised due to an increase in demand especially from existing customers in addition to the fact that Incap has managed to broaden its customer base.

Etteplan initiated co-operation negotiations on March 18th 2020 due to temporary changes in customer demand caused by the COVID-19 pandemic. Now, the negotiations have come to a complete.

Indian engineering and technology solutions company, Cyient, says it’s received clearance for its Mysore facility to run its MedTech manufacturing lines to support the production of medical equipment critical in the fight against COVID-19

Semi-automated production began today in Europe’s first gigafactory for commercial battery storage systems, located in Wittenberg, Germany.

Global semiconductor materials market revenues edged down 1.1% in 2019, SEMI reported in its Materials Market Data Subscription (MMDS).

Santa Clara, California-headquartered Cirexx International has released a statement penned by President and CEO Philipp Menges concerning status of operations during the coronavirus pandemic.

Abbott has been granted emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA) for a rapid molecular point-of-care test for the detection of novel coronavirus (COVID-19).

Considering current events and the effects that the global pandemic is having on logistics and production chains worldwide, AT&S is preparing itself for a decline in demand in some of its customer segments.

The EMS provider says it has taken various measures to limit the risks to the health of its employees, as well as its clients and suppliers. In addition, the company has taken measures to safeguard business continuity.

The South Korean company has reached the decision to end all of its production of LCD panels in its home country and in China by the end of 2020.

Swedish EMS provider, Orbit One, has invested in a new ERSA selective soldering machine for the production unit in Ronneby, Sweden.

Massachusetts-based ZOLL Medical Corporation has shot capacity up to 10,000 ventilators per month in response to the COVID-19 pandemic, representing a nearly 25-fold increase from normal volume production.

As the coronavirus pandemic continues its spread through the U.S., Idaho-based Computrol is joining a growing list of electronics manufacturers who are adjusting operations to support companies producing critical healthcare products.