Fab News

ROGERS, CT – Rogers Corp. reported second-quarter sales fell 27% from last year to $67.4 million. For the first half of the year, sales slipped 30% to $132.8 million.

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GIFU, JAPAN – Ibiden Co., the largest PCB fabricator worldwide, reported first-quarter net sales dropped 32.5% from last year to 61.7 million yen (US$645,844).

Sales to Japan were the highest at 53.5 million yen (US$559,983), with Asia sales totaling 12 million yen (US$125,714). Europe accounted for 9 million yen (US$94,448) and North America had 6.7 million yen (US$70,331) in sales.

For the quarter ended June 30, net income dove 73.5% to 2.3 million yen (US$24,394) year-over-year. Gross profit was 13.9 million yen (US$145,310) compared to 23.3 million yen (US$243,977) last year.





LISLE, IL – Molex Inc. reported a fourth-quarter loss of $219.7 million, compared to a profit of $52.6 million last year.

Adjusted profits, excluding a $171 million impairment charge, were $1.3 million. Revenue for the quarter dropped 35% from last year to $570.6 million.

The company reports orders for the June quarter fell 33% to $576 million, while the order backlog was down 42% to $253 million year-over-year.

Over the past three quarters, Molex has cut 24% of its workforce.  

 

PLACENTIA, CA – Despite the lackluster economy, Cartel Electronics has seen sales nearly triple since 2007, according to Bruce McMaster, president and CEO.

Part of the reason the PCB fabricator was able to keep its workflow—flowing—was because of the multilayer laminate support it received from a partnership with CCMP, based in Anaheim.

To facilitate the company’s vision for continued growth, it plans to form other strategic partnerships within the industry. 

SAN JOSE -- Flextronics' chief executive clarified earlier reports pegging the EMS company's target revenue from notebook PCs at $3.5 billion by fiscal 2011.

Reports from Taiwan also indicated the company would ramp production to somewhere between 12 million and 20 million units per year, up from a current capacity of about 3.6 million.

Speaking to analysts on the company's quarterly conference call last night, CEO Mike McNamara said, "There was a lot of inconsistency with the reports coming out of the news agencies in Taiwan ... [The] $3.5 billion sales number may have included other pieces that didn't include notebooks. It could have been servers. It could have been other things. So there was a lot of inconsistency that came out of there and rather than address each individual one, I think it's fair to say that the way to think about this is, is kind of getting the data from myself, which is, we're going to hit about $1.5 billion to $2 billion."

McNamara confirmed reports that the company plans to hire up to 1,500 design engineers for its notebook division, and add operations capacity. "We will certainly put up a building, capable of doing substantially more notebooks than what we're doing today," he said, but declined to specify any production targets.

McNamara added that the firm is not currently targeting the fast-growing netbook market. "We have a few [netbook] designs that we're working on to begin the process, but we specifically stayed away from this product category. We specifically tried to focus on those product categories we had more experience and we have a limited design team." He did say the company would beef up its personnel in the netbook space and would likely add those products to its portfolio over time. 

Flextronics is the parent company of Multek, a top 20 PWB fabricator. It is unclear whether Multek stands to benefit directly from the parent company's foray into PC manufacturing.
SURREY, BRITISH COLUMBIA – Canadian Circuits, a PCB fabricator, has named David Hanauer sales person, covering the Northwestern United States. He will be the company’s first direct sales representative for the US.
 
Hanauer brings extensive sales experience, having worked most recently for Universal Manufacturing.

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