Fab News

NEW YORK -- A new investigative report from human rights watchdog group China Labor Watch claims "rampant" labor rights violations at Foxconn's Shenzhen factory and nine other plants in China that supply Apple.

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TOKYO -- OKI has finalized an agreement to acquire Tanaka Kikinzoku Kogyo's printed circuit board business in an all-stock deal.

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TOKYO -- Oki Printed Circuits will acquire Tanaka Holdings' printed circuit board operations in a deal scheduled to close in October.

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MELVILLE, NY -- Park Electrochemical reported net income plunged 32% year-over-year to $4.93 million in the company's fiscal first quarter.

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GARBSEN, GERMANYLPKF reported an upswing in demand for laser systems for cutting printed circuit boards.

Incoming orders for these products have reached in excess of EUR 10 million in 2012 so far. Full-year 2011 sales were about EUR 6 million.

The firm notes details about the orders are confidential.

LPKF provides MicroLine 6000 and MicroLine 1000 product lines.

Ed: 1 EUR = $1.25

TAIPEI – Chairman Terry Guo says Foxconn will begin to see growth in profits in 2013, according to published reports.

While the electronics manufacturer will continue to concentrate on revenue growth this year, it does not expect losses, and predicts steady profit growth, according to Guo.

The company’s chairman did not provide a percentage of growth that is expected, say reports.

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