Fab News

TORONTOFiran Technology Group reported fourth-quarter net earnings of $915,000, compared to a net loss of $2.09 million in the same period of 2010.

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ROMULUS, MI -- Saturn Electronics reported 2011 was its most successful year in company history, as sales rose more than 18% from 2010.

The printed circuit board fabricator said 2011 revenue was up 18.4% to $35 million. Bookings rose 5% over 2010, the PCB maker added.

“Once again, we posted record sales for the second year in a row, in spite of an overall industry decline,” wrote Yash Sutariya, vice president, in the company’s annual newsletter. According to IPC, the North American PCB market dipped about 2% in 2011.

During the year, the company expanded its Romulus facility to 110,000 sq. ft.

CHANDLER, AZIsola Group reported revenues for the most recent quarter ended Oct. 1 of $143 million, down 9.4%.

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ST. PAUL, MN -- 3M's Electro and Communications business unit reported sales declined 2.7% percent as customers modified production levels in line with weaker demand.

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GLASGOWEuropean Circuits said today its plans for the first phase of a small expansion have been approved.

The first phase involves extending the existing mezzanine floor at the front of the building, increasing floor space by approximately 2,000 sq. ft. for new offices and a conference room.

Work is expected to start toward the end of February, with a completion date around May.

The printed circuit board fabricator and assembler also plans to expand its assembly area by about 1,500 sq. ft.

Phase 2 is planned for later this year.

LEOBEN, AUSTRIA -- AT&S today reported third-quarter revenues of 130 million euros on record demand for mobility products.

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