Market News

BANNOCKBURN, IL and LAS VEGAS – IPC presented the 2009 Raymond E. Pritchard IPC Hall of Fame Award to Dan Feinberg and Bill Jacobi.
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MAPLEWOOD, MN – 3M Co. is eliminating another 1,200 jobs worldwide, citing the dismal global economy.
According to Jacqueline Berry, spokeswoman for 3M, although less than half of the positions will be in the US, “several hundred” will come from Minnesota, specifically from the company’s headquarters.
The latest figure includes layoffs made earlier in the first quarter. In January, it was announced that the company cut more than 2,400 jobs during the fourth quarter.

FRANKFURT, GERMANY – Machinery and equipment orders in Germany fell 49% during the month of February, reported VDMA, prompting the machine makers’ association to cut its production forecast for the year.
Machinery production and factory construction are now expected to fall 10% to 20% during the year, compared to the original prediction of 7%. The drop would mark the sharpest decrease since 1993.
Domestic orders for the month fell 45% and international orders were down 50% year-over-year, reported VDMA. The machine tool industry is an important sector for the country; Germany’s economy depends heavily on manufacturing exports.

LAS VEGAS – Printed Circuit Design & Fab magazine announced the winners of its 2009 New Product Introduction (NPI) Awards for printed circuit board design software, process equipment and materials. 
The NPI Awards, which premiered this year, recognizes the leading new products for printed circuit design and fabrication during the past 12 months. 
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LOS ALTOS, CA – The outlook for global electronic equipment production isn’t looking good, says Henderson Ventures.
Production is expected to drop 11.9% this year, compared to a gain of 0.2% in 2008. The semiconductor manufacturing equipment sector should brace for declines as high as 50%, according to the research firm. 
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WASHINGTON -- A House committee has approved a funding bill for research into ways to cut electronics waste and mitigate its environmental impact.

The Science and Technology committee bill proposes spending $60 million from fiscal 2010 to fiscal 2012 for EPA grants to increase electronics waste collection and recycling rates. The bill would also fund research on separating hazardous materials from e-waste and designing longer-lifespan devices.

While the funds would go to the EPA, it is unclear how the monies would be further dispersed. However, about $15 million would go to the National Science Foundation to fund e-waste curricula at universities.

The bill is backed by companies like Best Buy, which currently takes back certain electronics such as PCs, and various lobbying groups such as the Electronics TakeBack Coalition.

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