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orway's largest EMS-provider Kitron's operating revenue during this years first quarter amounted to NOK 433.1 million (NOK 379.9 million). The growth in sales, together with the cost reductions following the reorganisation in the Norwegian electronic manufacturing services (EMS) business, has produced profit before tax of NOK 16.1 million.
May 11, 2006 10:36 (evertiq)
Kitron's operating revenue increased by 14.0 per cent compared to the first quarter 2005 Turnover in the Norwegian EMS operation, Kitron AS, represented 59.8 per cent of the group's turnover during the first quarter. The Swedish EMS operation, Kitron AB, provided 16.8 per cent of Kitron's turnover. Kitron Lithuania represented 8.6 per cent of the group's turnover in the first quarter. In total the EMS operation provided 84.0 per cent of turnover in the first quarter whereas during the same period last year it represented 88.2 per cent of Kitron's turnover.

Kitron Microelectronics provided 16.0 per cent of the group's turnover in the first quarter against 11.8 per cent for the same period last year. The increase is partly a result of higher volumes to established customers in the Norwegian part of the business as well as new sales to customers, particularly in the Swedish operation.

German based supplier of Components, ZEGO Aktiengesellschaft (formerly known as ACG Advanced Component Group AG), announced that its Chief Financial Officer, Mr. Stephen Griffiths, will leave the company at the end of the month.
May 11, 2006 15:23 (evertiq)
Mr. Griffiths started working for AZEGO in 2002, since 1.11.2002 he has been Board Member (CFO). In the last three years he successfully pursued and implemented strict cost-saving measures. These included a significant reduction of the operating and head-office function expenses, the divestiture of unprofitable subsidiaries in Germany and abroad, and a major rationalization of the group with the dismantling of the former holding-structure.
To finalize some of these restructuring measures and to prepare the 2005 financial statements, Mr. Griffiths had accepted the Supervisory Board's request for a temporary extension of his contract which originally ended on December 31st, 2005.
The Supervisory Board and the Board of Directors thank Mr. Griffiths for his successful work during the last years.

In a further measure to rationalize expense- and management structures, the company's Supervisory Board intends to reduce the number of Board Members. A direct replacement for the Board position of Mr. Griffiths will therefore not be made. Until the necessary change in the company's statutes can be adopted at the company's Annual General Meeting in late July, the Supervisory Board will appoint a temporary member of the Board.

Sanmina-SCI shed 20 workers at its Enclosure plant in Forserum, Sweden.
May 10, 2006 19:02 (evertiq)
The Forserum local management is expecting a slow down in orders and higher costs for the plant this coming autumn.

Sources tell evertiq that Sanmina-SCI is doing very well in their other two plants in Sweden.

elcoElektronikai Kft, an Austrian owned EMS-provider based in Hungary, is constructing a new plant in Liska, Hungary.
May 09, 2006 07:59 (evertiq)
SelcoElektronikai Kft is making an investment worth 500.000 Euro in which the company will build a 2,200-sqm manufacturing plant in Ajka, Hungary.

Selco Elektronikai Kft. Was founded in 2004 by Seidel Holding GmbH and Mr. Andreas Liska.

The aim of the company is, on one hand, to support the Joint-Venture partner in projects with high pricing pressure with economic production, and on the other hand to develop an aspiring and independent enterprise in Ajka which offers its services to customers in German-speaking countries and in the new EU member states.

Die Seidel group - especially Seidel Elektronik GmbH Nfg. KG with its headquarters in Deutschlandsberg, Austria - has developed from a classical contract manufacturer to a supplier of electronic and mechatronic systems.

Seidel Elektronik is one of the market leaders among independent contract manufacturers in Austria and is pursuing the expansion of its market with the help of the Joint Venture.

FCI has named Abacus "Design-in Distributor of the Year" following a year in which the Distributor also showed continuous sales growth and achieved the No 1 sales position in FCI 's Distribution Network.
May 09, 2006 09:37 (evertiq)
"The Abacus Group has demonstrated exceptional focus on developing and growing their business with FCI through identifying and meeting customer application requirements for connectors" commented Gavin Darling, Distribution Manager for FCI. "The Abacus Group's dedication to technical support and exceptional customer service has meant that together we have worked closely with customers to enable them to benefit fully from our innovative technologies"

Nick Leppard, Emech Specialist, at Abacus Polar added, "We have had a close and exceptionally positive

Arrow Electronics has been awarded the franchise to supply NKK Nikkai's complete range of switches across northern Europe.
May 09, 2006 15:47 (evertiq)
The agreement extends an already highly successful relationship between Arrow and NKK Switches in North America and elsewhere in Europe.

Arrow will address a wide range of markets with NKK's families of pushbutton, toggle, rocker, slide and tactile switches, both in standard and illuminated versions. Initial targets will include audio/video, broadcast, telecom, communications, medical, military and aerospace sectors. Training has been completed for Arrow's staff who can now offer access to over 80 product families with over 4 million switch combinations.