CLEVELAND – OM Group Inc.reported second-quarter net sales plunged 60% from
last year to $203.4 million as lower cobalt prices affected prices in its
Advanced Materials segment.
By segment, Advanced Materials saw sales fall from $359.1
million last year to $104 million; Specialty Chemicals had $100.3 million in
sales for the quarter, compared to $152.5 million last year. Despite the
year-over-year drops, volume did improve over last quarter.
“Volume in many of our end markets, most notably printed
circuit board and semiconductor, improved sequentially from the first quarter
of 2009 to the second quarter, and continue to do so in the third quarter,”
says Joseph Scaminance, chairman and CEO.
OMG is the parent company of Electrochemicals.
For the first half of the fiscal year, net sales were $395.1
million, down from $991.6 million last year.
For the quarter ended June 30, net loss was $35.3 million,
compared to net income of $56.2 million last year. First-half net loss was
$43.6 million, down from net income of $111.5 million year-over-year.
The company reported second-quarter gross profit slipped
from $126 million last year to $34.4 million on lower sales prices and volume.
For the first six months, gross profit was $61 million, compared to $262.7
million in 2008.
ROGERS, CT – Rogers Corp. reported second-quarter sales fell 27% from last year to $67.4 million. For the first half of the year, sales slipped 30% to $132.8 million.
Read more: Rogers' Q2 PCB Materials Sales Down 16.9% YoY
GIFU, JAPAN – Ibiden Co., the largest PCB fabricator worldwide,reported first-quarter net sales dropped 32.5% from last year to 61.7 million yen (US$645,844).
Sales to Japan were the highest at 53.5 million yen (US$559,983), with Asia sales totaling 12 million yen (US$125,714). Europe accounted for 9 million yen (US$94,448) and North America had 6.7 million yen (US$70,331) in sales.
For the quarter ended June 30, net income dove 73.5% to 2.3 million yen (US$24,394) year-over-year. Gross profit was 13.9 million yen (US$145,310) compared to 23.3 million yen (US$243,977) last year.
PLACENTIA, CA –Despite
the lackluster economy, Cartel Electronics has seen sales nearly triple since 2007, according
to Bruce McMaster, president and CEO.
Part of the reason the PCB fabricator was able to keep its
workflow—flowing—was because of the multilayer laminate support it received
from a partnership with CCMP, based in
Anaheim.
To facilitate the company’s vision for continued growth, it
plans to form other strategic partnerships within the industry.
SAN JOSE -- Flextronics' chief executive clarified earlier reports pegging the EMS company's target revenue from notebook PCs at $3.5 billion by fiscal 2011.
Reports from Taiwan also indicated the company would ramp production to somewhere between 12 million and 20 million units per year, up from a current capacity of about 3.6 million.
Speaking to analysts on the company's quarterly conference call last night, CEO Mike McNamara said, "There was a lot of inconsistency with the reports coming out of the news agencies in Taiwan ... [The] $3.5 billion sales number may have included other pieces that didn't include notebooks. It could have been servers. It could have been other things. So there was a lot of inconsistency that came out of there and rather than address each individual one, I think it's fair to say that the way to think about this is, is kind of getting the data from myself, which is, we're going to hit about $1.5 billion to $2 billion."
McNamara confirmed reports that the company plans to hire up to 1,500 design engineers for its notebook division, and add operations capacity. "We will certainly put up a building, capable of doing substantially more notebooks than what we're doing today," he said, but declined to specify any production targets.
McNamara added that the firm is not currently targeting the fast-growing netbook market. "We have a few [netbook] designs that we're working on to begin the process, but we specifically stayed away from this product category. We specifically tried to focus on those product categories we had more experience and we have a limited design team." He did say the company would beef up its personnel in the netbook space and would likely add those products to its portfolio over time.
Flextronics is the parent company of Multek, a top 20 PWB fabricator. It is unclear whether Multek stands to benefit directly from the parent company's foray into PC manufacturing.
