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Hitachi Chemical's Q1 Sales Drop, Expansion Planned

Written by Administrator
Friday, 25 July 2008
TOYKO -- Hitachi Chemical will pour a reported 520 million yen into a new R&D center for dry-film PWB materials. The plant will reportedly start operations in April. The company also said first-quarter net sales dropped 5.5% year-over-year despite gains in electronics related products. Operating income rose 18.5% and net profits were up 27.8% for the June quarter. Electronics products, which include bare boards, laminates and dry film, were up 1.8%. Sales of multilayer PWBs and flex circuits were down, while laminates were up. Dry film was flat with last year.

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