Electronics Production | November 09, 2006

Flextronics director makes first buy

A director at EMS provider Flextronics has made his first open market purchase, picking up more than $280,000 worth of stock in the contract electronics manufacturer.

Rockwell Schnabel purchased 25,000 shares at $11.34 on November 3rd, increasing his holdings to 32,716 shares. The co-founder of venture capital firm Trident Capital, Schnabel joined Flextronics's board in February after spending the past two decades in public service.

The EMS provider recorded 2020 first quarter revenues of USD 1.84 billion, which is a YoY decrease from USD 2.18 billion during the same period 2019.

Royal Philips says it's reviewing options for future ownership of its Domestic Appliances business. The company will start the process of creating a separate legal structure for this business within the group, which is expected to be completed in 12 to 18 months.

Gatema a.s. has completed the biggest acquisition in its history to date. The Czech Republic-based has purchased Germany's Kubatronik – Leiterplatten GmbH Company, a company focused on the development and manufacturing of prototype and test boards.

Slovenian electronics specialist Eltas recently inaugurated its new production facilities in Šentjernej. An investment that will see them expanding their product portfolio to include more advanced solutions.

GM announced today a USD 2.2 billion investment at its Detroit-Hamtramck assembly plant that will make it the automaker’s first facility completely dedicated to EV auto assembly.

The new factory, located in San Fernando de Henares, will concentrate the company’s entire radar manufacturing for civil and military use.

Several new production lines are being set up at the company’s main facility in Penang, which hosts ESCATEC Electronics (EEM) and ESCATEC Medical (EDM).

Greg Grace has been appointed Director, Operations Estonia, and Managing Director of Incap Electronics Estonia, and member of Incap Group’s Management Team.

North America-based manufacturers of semiconductor equipment posted USD 2.49 billion in billings worldwide in December 2019 (three-month average basis), according to SEMI.

Hövding 3, the latest version of the company’s airbag helmet, is fully ramped up at NOTE’s plant in China.

Eguana Technologies Inc. has entered into a development contract with an unnamed renewable energy company to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets.

BlueRing Stencils has acquired Georgia-based tooling supplier Stone Mountain Tool.