PHILADELPHIA– Rohm & Haas Co. has released its third-quarter results. Despite the acquisition costs by Dow and a busy hurricane season, sales in all of its business segments were healthy. Third-quarter income rose nearly 2%. Read more ...
FOREST GROVE, OR and ANAHEIM, CA– Mania Technologie Outsourcing Services, Inc.(MTOS) has reached an agreement with DGTek regarding the acquisition of its test facility in California. Beginning this month, the newly acquired test center will become part of the worldwide Mania Outsourcing and Service Group network. MTOS plans to fully integrate the Anaheim center into its procedures and work flow. The company also plans to invest in flying probe and drill equipment to increase the capacity and quality of the test center. The North American Customer Care organization will operate out of the new facility.
GENT, BELGIUM– Mania Belgium has been renamed yet again. The company will now be called Ucamco. In 2002, the former Barco ETS was purchased by Mania Technologie AG and operated as Mania Belgium. This August, Mania was bought out by ESO Capital Group and will continue under the Ucamco name. But why the new name? “We looked for a name which encapsulates our core competencies. UCAM is known globally as our leading software product, while the laser symbol reflects our expertise in engineering precision photoplotting solutions,” explains Karel Tavernier, managing director.
SANTA ANA, CA– TTM Technologies, Inc. has been awarded a second contract from BAE Systems. The $7 million contract is an add-on to the initial one received in April. TTM will produce printed circuit boards (PCBs) and printed circuit board assemblies used in thermal weapon sights. The sights, employed in light, medium and heavy weapon applications, provide improved visibility and increased surveillance and target acquisition range. The first full-rate production and deliveries are scheduled to begin in January 2009 and continue through July. The cumulative amount of the contract has been reported in excess of $15 million.
CLEVELAND -- OM Group, Inc. announced strong results for Q3 and the nine months ending September 30, 2008. Net sales for Q3 2008 rose 70% to $448.6 million compared with $264.6 million in the corresponding period of 2007.
MUMBAI, INDIA– Altium has plans to open sales and marketing offices in Mumbai, Bangalore or New Delhi. It hopes to have the offices running by January 2009 and has begun looking for Indian investment partners. Altium wants to increase its presence in both China and India within the next two to three years. With three offices in China already, the company expects similar growth in India because of the high demand for electronic innovative design products and embedded software. It is also looking toward the possibility of supplying the Indian nuclear industry, but plans are still in the early development stages.