| FTG Q2 Sales Down |
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| Thursday, 09 July 2009 11:25 | |||
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TORONTO – Firan Technology Group Corp. (FTG) reported second-quarter sales dropped 11% from last year to $14.6 million on decreased customer demand and the shifting US exchange rate. Sales for the circuits segment fell 8% year-over-year to $11.7 million. The aerospace segment took a harder hit, with sales down 21% to $3.7 million. For the quarter ended May 29, FTG reported a net loss of $540,000, compared to a net income of $206,000 last year. The loss included $38,000 incurred from establishing FTG Aerospace-Tianjin. Second-quarter bookings were $12.7 million, with a book-to-bill of 0.87 for the corporation and 0.92 for the circuits business. Year to date, sales fell nearly 3% to $29.3 million; net loss was $607,000, compared to a net loss of $841,000 last year. The company has taken cost-saving measures including wage and workforce reductions, as well as implementing a new inventory management process.
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Products
Sensor Products Introduces Tactilus Heat-Sink Analysis System
Tactilus heat-sink analysis system enables test and correction of surface contact and pressure distribution between the heat sink and its source. Can visualize actual contact forces and pressure distribution data on the components. As mounting screws between the CPU and the heat sink are torqued, it maps and measures the changing pressure distribution between the mating surfaces and displays it. Can be tested, manipulated, and repositioned in real-time. Provides pressure data needed for FEA simulation predictions. Is 0.015" thick; can be placed between the CPU and heat sink without affecting...
Tactilus heat-sink analysis system enables test and correction of surface contact and pressure distribution between the heat sink and its source. Can visualize actual contact forces and pressure distribution data on the components. As mounting screws between the CPU and the heat sink are torqued, it maps and measures the changing pressure distribution between the mating surfaces and displays it. Can be tested, manipulated, and repositioned in real-time. Provides pressure data needed for FEA simulation predictions. Is 0.015" thick; can be placed between the CPU and heat sink without affecting...
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EMS’ Rude Awakening
Can high-mix, low-volume production succeed in China? You bet. In the 1970s, if you set up a contract manufacturing shop in a good location, customers eventually would walk through the doors. In the real world, things quickly changed for American companies, as OEMs, driven by maximizing shareholder value, searched for cheaper sources offshore. The first options were Hong Kong, Malaysia and Singapore. After prices increased in these countries, greener pastures were found in China....
Can high-mix, low-volume production succeed in China? You bet. In the 1970s, if you set up a contract manufacturing shop in a good location, customers eventually would walk through the doors. In the real world, things quickly changed for American companies, as OEMs, driven by maximizing shareholder value, searched for cheaper sources offshore. The first options were Hong Kong, Malaysia and Singapore. After prices increased in these countries, greener pastures were found in China....
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