LISLE, IL –Molex Inc. has completed its previously announced acquisition of Taipei-based AFlextech Inc. No financial terms were disclosed.
AFlextech designs and manufactures flexible circuits and assemblies. GM Sando Chen says the company also offers Molex-expanded capabilities for SMT, through-hole and hybrid assembly.
The company will operate as a subsidiary of Molex and will be part of the company’s Global Integrated Products Division.
Founded in 2003, AFlextech has sales of approximately $25 million and 300 employees.
“We are of course very happy to win this award and hope, as a result, to continue expanding the stable customer-supplier relationship with BMK based on partnership!” explains Ulrich Hönninger, head of sales at Würth Elektronik’s circuit board division.
Würth Elektronik won out over 26 other circuit board suppliers. Würth Elektronik is a longstanding strategic supplier to BMK. The prize, awarded this year by the BMK Group for the first time, takes adherence to deadlines and product quality as well as reliability and staff competence into consideration.
Würth Elektronik manufactures circuit boards, passive and electromechanical components, system assemblies and photovoltaic modules. The company employs over 7,600 people and had an annual sales of 369 million Euro in 2007.
GRAND RAPIDS, MI — Dow Chemical has reported that in a continuing attempt to offset increasing costs for energy and raw materials, it will raise the prices of its products again by as much as 25%.
SANTA ANA, CA - TTM Technologies has announced that it has received an $8 million contract of from BAE Systems for the production of PCBs and PCB assemblies used in the Thermal Weapons Systems Program.
BILLERICA, MA – Orbotech, Inc. has announced that ITL Circuits Inc. of Ontario, Canada has purchased a Newprint Maxi inkjet legend printer for its bare printed circuit board operation.
"Moving…to Orbotech’s inkjet printer has been an excellent decision for us. Because of its ability to simultaneously print legend, serial numbers and date codes… we have been able to eliminate several process steps, improve quality and reduce costs," explained George Papas, engineering manager at ITL Circuits.
Adi Kahn, president of Orbotech said, "We are very pleased that ITL has upgraded its legend printing process with our solution… The immediate benefits in operational efficiency and quality will surely make an important contribution to successfully meeting the company’s production goals."