Market News

MINNEAPOLIS -- Following last month’s decision to eliminate 300 jobs from the optical business unit, due to a 36% decline in sales of screen-brightening films, 3M Co. recently announced that it will also cut several hundred jobs in the industrial adhesives and transportation business as a result of the slumping economy.
 
“It’s the current market conditions in the United States and the slowing US sales growth that are going to lead to the several hundred job elimination through the company over the next several months, “ explains spokeswoman Jackie Berry. Although jobs in the optical films and industrial tapes businesses will be affected, all six 3M businesses are reexamining their needs and readjusting their resources accordingly.

MONTREALHannStar and Gold Circuit Electronics dominate the global laptop PCB market, taking a 75% share, while the rest is divvied among Unimicron, Compeq and Unitech. Moreover, the threshold for entry is very high, which keeps new players on the sidelines.

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BEIJING -- According to China-based CCID Consulting Ltd., handset production in China is expected to reach 605 million units in 2008, 10% ahead of the 2007. Over 30% of the production is slated for domestic use.

Exports will account for about 65% of the handsets produced. Market leaders, Nokia, Samsung Electronics, Motorola, Sony Ericsson and LG Electronics make up only 65% of the total production this year, down from the near 80% reported in previous years.

WATERBURY, CT -- MacDermid announced the formation of a new business unit to focus on the solar industry. Don Cullen, a veteran of the printed circuit board industry and a 20-year MacDermid employee, has been selected to lead MacDermid’s Photovoltaics group that will fall under MacDermid’s Advanced Surface Finishing Segment.
 
Announcing the new business, Cullen commented, “Each of MacDermid’s divisions provides chemical processes to the solar energy industry. From wafer cleaning, and conductor metallization to screen-printing and anti-reflective technologies, MacDermid already has a strong presence in the photovoltaics industry. As the industry evolves into more efficient cells, there is a demand for new metallization and imaging techniques. These are MacDermid’s core competencies. Use of our chemical processes allow PV manufacturers an elegant path to significant reductions in $/watt.”

FRANKFURT -- A leading German workers union will ask for pay hikes of more than 6.5% in the next round of contract talks, the union chairman Berthold Huber told a local newspaper.


The two-year contract signed by IG Metall, a union that represents three million metal and electronics workers, expires in October. The union is to expected to declare its wage demands next month, according to published reports.

In the contract signed in 2006, IG Metall negotiated a two-phase hike of 4.1% and 1.7%.

NEW YORK -- The American Electronics Association spent $256,000 in the second quarter to lobby on tax issues, customs and tariffs, and trade measures, according to a mandatory disclosure form filed July 17.


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