Electronics Production | April 25, 2007
PartnerTech: “Final deliveries leads to a moderate start in 2007"
Sweden based EMS provider PartnerTech has announced its first quarter for 2007. Net sales rose by 7% to approximately €74 million (€69,7 million). The operating profit increased to €3.3 million (€3,5). The profit after tax was approximately €1,9 million (€2,3). The Industry/Telecom business unit reported 40% higher sales.
Activity in PartnerTech's markets is relatively brisk. Many changes are under way, including greater outsourcing by customers. One trend is that they are outsourcing production higher up in the value chain and asking for more integrated support, including auxiliary services such as product development, stock-keeping and distribution. For most contract manufacturers this means that they are increasingly affected by individual customers. More than one-third of the world's 50 largest contract manufacturers experienced volume fluctuations of greater than 20% from 2005 to 2006. According to PartnerTech, the 50 largest contract manufacturers averaged sales growth of 18.4% in 2006. Excluding FoxConn, the sector leader with estimated 38% growth, the average was a more realistic 11.6%. PartnerTech's sales growth of more than 50% in 2006 was one of the strongest in the sector. According to Manufacturing Market Insider, PartnerTech rose from the 34th to 24th largest contract manufacturer in electronic manufacturing services (EMS). Thus, PartnerTech generated the second greatest percentage growth among the 50 largest EMS companies. The change from 2006 in PartnerTech's first quarter sales, reflecting major volume fluctuations between individual customers, was greatly affected by the fact that the big orders delivered to Tomra last year have not yet been replaced by equivalent new ones. The orders peaked in the second quarter of 2006, when a large percentage of the volumes for the German market were delivered. Those volumes will be lower in 2007 and 2008 and not fully replaced by others during the first half of this year. Rapid, large-scale restructuring of the contract manufacturing sector, particularly when it comes to consumer related products, has left a wide-open business-tobusiness market – PartnerTech's area of concentration. PartnerTech is estimated to be Europe's second largest contract manufacturer in the business-to-business segment. As a less mature segment, it calls for greater proximity between technology, the market and production. The scale of production varies, while the products are often intended for a global market that has considerable logistical and distribution requirements. Because the above characterization includes a large percentage of both the European and U.S. markets, PartnerTech continues to focus on international growth. PartnerTech already commands a strong position in the Swedish, Norwegian, Finnish and UK markets, as well as production facilities in Poland, China and the United States. Click Here to download the full report (external link).
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.
Teslas German venture comes to a halt following court order A court in Germany has ordered the US electric carmaker to stop clearing the forest at its future location outside Berlin.
Marposs expands with acquisition of Stil Precision metrology equipment supplier Marposs has acquired STIL S.A.S., a French company specializing in research, development, production and sales of optical measurement instruments.
Z-AXIS shares good news from 2019 Electronics design and CMS provider Z-AXIS Inc. released 2019 data showing showing robust revenue growth as well as an expansion to its workforce.
Fluidra reaches a deal to acquire Fabtronics Fluidra, a company within the pool and wellness equipment industry, has acquired Australian electronics manufacturer Fabtronics to strengthen its R&D capabilities and to incorporate complete, efficient and cost-effective electronics design and manufacturing solutions.
Garz & Fricke acquires Keith & Koep Hamburg-based Garz & Fricke Group has acquired Keith & Koep GmbH, located in Wuppertal, Germany. With this move, a new powerhouse for ARM-based embedded technologies in Europe has been formed.
ABB to close Hungarian plant – 1’000 jobs lost The power and automation company will close its production facility in Ozd, in northeastern Hungary, by the end of the year.
AT&S' plant Chongqing II back in operation Austrian PCB manufacturer, AT&S, announces that the Plant II at its Chinese location in Chongqing will resume operations.
Arçelik A.Ş files IP lawsuit against LG Arçelik A.S, owners of the Beko and Grundig brands, filed a lawsuit against LG Electronics and its subsidiaries in Germany and France for patent infringement in relation to the unlicensed implementation of the company’s direct drive technology in LG Electronics’ “6 Motion” washing machines.
Seagate unifying workforce at green Fremont site Data storage and management solutions provider Seagate Technology plc is consolidating its San Francisco Bay Area workforce by relocating the company’s Cupertino operations to its existing sustainable Fremont facility.
Coronavirus afflicts more electronic supply chains With the epidemic arriving at dawn of 5G’s mainstream deployment phase, the coronavirus has the potential to disrupt the progress of the next-generation wireless standard, as the crisis slows or threatens to slow the production of key smartphone components, including displays and semiconductors, according to Omdia.
Solid financial improvements for Kitron EMS provider Kitron could show off solid financial improvements, both for the fourth quarter and full year 2019.
Zollner resumes operations in China The German EMS provider Zollner says that its plant in Taicang is reopened. Work continues under strict safety conditions and not to the full extent.Load more news