MELVILLE, NY -- Park Electrochemical Corp. reported sales of $55.59 million for its Q2 2009 fiscal year that ended August 31, 2008. Sales were down compared to sales of $60.54 million for last fiscal year’s Q2 ending August 26, 2007. Park’s sales for the first six months of fiscal 2009 were $115.4 million compared to sales of $117.62 million for last year’s first six months.
 
Net earnings on Q2 2009 fiscal year sales were $4.94 million compared to net earnings of $9.16 million for the second quarter of last year.
 
For the six-month period ending August 31, 2008, Park reported net earnings of $12.95 million compared to net earnings of $16.57 million for last year’s first six-month period.
 

TAIWAN and CHINA– Nan Ya Printed Circuit Board (NPC) reports that it will decrease prices 3% to 5% in Taiwan and up to 10% in China, starting in October. The action stems from decreasing inventory levels and falling copper prices. CCL makers in Taiwan report copper clad prices have fallen 5% to 6%, resulting in a 2% to 3% reduction in manufacturing costs. It is rumored that several competitors, such as Elite Materials and Taiwan Union Technology, might follow. The anticipated price reductions are greater in China because of the company’s larger market. Copper prices are less than $7,000 per ton, and sources predict lower prices for November.