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Fab News

Details: Written by Staff; Category: Fab News; Published: 12 July 2007

HOOFDDORP, THE NETHERLANDS – Chemicals maker Basell said it has decided not to raise its $5.6 billion bid for Huntsman Corp.

Huntsman originally signed a merger agreement with Basell, but that was trumped last week by $6.5 billion bid from Hexion Specialty.

Huntsman gave Basell until Wednesday to counter the Hexion offer and did not change its original recommendation in favor of the Basell deal.

Details: Written by Staff; Category: Fab News; Published: 11 July 2007

YAVNE, ISRAEL – Valor Computerized Systems today announced an agreement to implement additional Enterprise 3000 DfM verification software into Freedom CAD Services’ PCB service bureau.

Under the marketing and technology deal, Valor will increase its support to its longstanding design partner to ensure transition from PCB design to fab that shortens time-to-market and reduces end-customer costs.

This deal comes as a response to FreedomCAD’s growing expansion throughout North America and the international theater.

Details: Written by Staff; Category: Fab News; Published: 10 July 2007

PELHAM, NH – PhotoMachining has expanded its facility and added staff to meet demand.

The company, which manufactures custom UV laser micromachining tools including online workstations, roll-to-roll feeders, and machine vision and robotics, added 4,000 sq. ft. to the existing 7,000 sq. ft. plant.

The company has added five more employees in the past few months, bringing its total to 20.

The expansion and headcount increase will allow it to keep up with demand for its UV laser systems and to improve its job-shop services – from R&D to high-volume production – performed in its Class 10,000 facility, says the company.

Also, a 300 sq. ft. showroom has been added to showcase products, particularly refurbished microscopes and optics assemblies.

Details: Written by Staff; Category: Fab News; Published: 09 July 2007

SAN JOSE – EMS provider Sanmina-SCI Corp. has named former Symbol Technologies executive Walt Hussey president of its technology components group. Read more ...

MELVILLE, NY – Electronic components distributor Nu Horizons Electronics Corp. said its first-quarter profit fell 43%.

Net income for the quarter was $1.8 million, down from $3.2 million year-over-year. Revenue for the quarter was $192.3 million, up 2% from the same period last year.

The company said systems sales dropped by $17 million after it lost business from some large customers.

REHOVOT, ISRAEL – PWB equipment manufacturer Printar Ltd. has raised $5 million in an internal financing round and a capital loan. European venture lending fund Kreos Capital provided a $3 million loan and Printar's existing investors invested $2 million.

Since its founding in 1999, Printar has raised $26 million. The company develops and manufactures digital printing equipment for PCBs.