SMT & Inspection | August 17, 2006
Cencorp to discontinue US operations
Production operations in the United States will be discontinued and the manufacturing of Cencorp 1000 SR and Cencorp Datum products will be transferred to Virkkala in Finland.
The Board of Directors has decided to begin statutory employer-employee negotiations at the Cencorp Group, with the aim of improving operations and profitability through the centralisation of production and management. In accordance with the plan, production operations and administration will be centralised in Virkkala. The manufacturing operations of testing equipment will be transferred from Salo to Virkkala, and the Salo plant will concentrate on the product development of testing equipment and manufacturing of customized test fixtures. The premises in Espoo will be closed and the operations of Singulase Oy will be transferred to Virkkala. Production operations in the United States will be discontinued and the manufacturing of Cencorp 1000 SR and Cencorp Datum products will be transferred to Virkkala. The company is analysing the potential transfer of sales and maintenance operations from Colorado to McAllen, Texas. McAllen is located on the border between the United States and Mexico, near important customers in the market area. Target is to start McAllen sales and service office before end of year 2006 and simultaneously close down Longmont operations. The centralisation of production and administration and related efficiency improvement measures are aimed at savings amounting to about EUR 1.5 million on an annual basis. These measures will begin to have a positive impact on results in the first half of 2007. In relation to the centralisation of production and administration, a proposal for statutory employer-employee negotiations has been presented today at the Cencorp Group. The negotiations are related to transfers of operations, shifts to part-time work, layoffs and redundancies, to be carried out for production-related and economic reasons. The negotiations will begin on 25 August 2006 and concern the entire personnel. The required personnel reduction in Finland is at most 22. Terminations will not be directed to production workers in Virkkala and personnel of Singulase Oy. The required personnel reduction in USA is at most 18. Cencorp Corporation has released its Interim Report for 1 January-30 June 2006. Net sales amounted to EUR 6.8 (10.5) million. Operating profit (EBIT) totalled EUR 0.1 (1.4) million. Profit before taxes was EUR -0.2 (1.4) million. Equity ratio stood at 20.7% (31.12.2005 27.7 %).
Schurter Romania certified to IATF 16949 On 25 November 2019, the Schurter Electronic Components s.r.l. production site in Ilfov, Romania, received the audit certificate according to the automotive standard IATF 16949:2016.
AQ Group appoints new CFO Christina Hegg has been appointed new CFO for AQ Group. She will start her new position in April 2020 and will be a member of Group Management.
Ventec invests in expansion of PTFE laminates manufacturing Ventec International has significantly increased its PTFE laminate manufacturing capabilities following a strategic investment in a new high-temperature press and lay-up/break-down line at its Suzhou (China) manufacturing plant.
Mitsubishi Electric Power Products to sell its Memphis factory Mitsubishi Electric Power Products, Inc. (MEPPI) has entered into an agreement to sell its power transformer factory located in Memphis, Tennessee to Hyosung Heavy Industries, known for the HICO brand in the United States.
Sponsored content by CMLCML putting the drive into e-mobility As the global demand and trend for e-mobility grows, we understand that customers are looking for products with better performance, stricter tolerance, increased reliability and cost effectiveness. This means your PCB provider must understand the challenge you are facing, be able to support you throughout the whole process – from the first technical questions to the end of life.
MRSI moves to new facility MRSI Systems, which was acquired by Mycronic back in 2018, is moving to its new 102,000 square-foot facility in Tewksbury, Massachusetts.
dSPACE adds West Coast office Simulation and validation specialist dSPACE has opened a Silicon Valley office in San Jose, California as part of its strategic realignment.
Cogiscan, BasiCAE form strategic partnership Quebec-based Cogiscan Inc. has announced a partnership with China’s BasiCAE Technology, a provider of traditional shop control systems and software customization services.
Korea hits new record of industrial robots in operation The World Robotics report presented by the International Federation of Robotics (IFR) shows a new record stock of about 300,000 operational industrial robots in the Republic of Korea in 2018 (+10%).
Keytronic starts production at its new Vietnam facility Keytronic Corporation says it has started shipping product from its new Da Nang, Vietnam manufacturing facility.
USI's looking to accelerate expansion - acquires Asteelflash It looks like we’re ending 2019 with a bang. One of the worlds biggest EMS providers wants to acquire one of Europe’s largest electronics manufacturers.
Devon manufacturer adds capabilities in Dorset via acqusition Devon-based PCB manufacturer, EuroTech Group, is acquiring PCB manufacturer Lyncolec, based in Poole, Dorset.
Kyocera and TactoTek collaborate on IMSE solution Kyocera and TactoTek has singed a marketing agreement which aims to bring IMSE solutions to several new market segments, including industrial and automotive components, electronic devices, and more.
IPC: Unanimous approval of USMCA needed IPC issued a statement this week expressing support of the recently bi-partisan approval of the United States-Mexico-Canada Agreement (USMCA), and a strong desire for legislative approval by Canada, Mexico, and the U.S.
Nordson's CFO to retire in 2020 after 30 years with the company Nordson's Executive Vice President and Chief Financial Officer, Gregory A. Thaxton, plans to retire in 2020 after thirty successful years with the company, with the last 12 years as CFO.
KUKA restructures subdivision due to economic uncertainty KUKA is restructuring a subdivision in the Robotics segment that is responsible for automated manufacturing solutions such as cells and special machines.
PCB industry recovers slightly in Q3 PCB manufacturers in the D/A/CH region were able to increase sales sequentially in the third quarter of 2019 by 1.1%. However, sales figures are 11% lower than those recorded for the third quarter of 2018, reports the industry association ZVEI PCB and Electronic Systems.
Garz & Fricke moves into new HQ in Hamburg-Harburg Garz & Fricke GmbH continues to expand. As of late October, the business operations of the HMI and Panel PC specialist will be transferring to the new headquarters in in Hamburg-Harburg.
TF Massif Technologies taps new CEO British Columbia-based TF Massif Technologies has announced the appointment of Tom Peregoodoff as the company’s new chief executive officer.
DoJ: Google, Fitbit deal under review The U.S. Justice Department is looking into anti-trust issues concerning Google's bid to buy Fitbit Inc.
L3Harris Tech secures U.S. Marine Corps order L3Harris Technologies received a USD 50 million follow-on delivery order for Falcon III AN/PRC-160 HF radios and related equipment from the U.S. Marine Corps .
Metair completes Romanian lithium-Ion battery cell factory South African energy storage company, Metair Investments, says that its Romanian units Prime Batteries and Rombat have completed the installation of the group's first Lithium-Ion battery cell manufacturing and assembly facility in Bucharest, Romania.
£5m award marks ‘topping out’ of Cardiff research powerhouse An GBP 80 million Cardiff University powerhouse for Welsh scientific research has been ‘topped out’ by Bouygues UK – backed by over GBP5 million support from Welsh Government and industrial partners.
Advanced Energy expands with new lab near Frankfurt Advanced Energy Industries, Inc. has opened its Advanced Materials Processing (AMP) Showcase Lab near Frankfurt, Germany.
TTM Technologies unveils NY engineering center On the heels of its acquisition of manufacturing and IP assets from i3 Electronics Inc., TTM Technologies has announced the opening of a new engineering center in Binghamton, NY.Load more news