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Circuit Board Repair (www.aescorp.us)
Commercial & Industrial Repair Advanced Electronic Services,
Inc.
Miniature Power Filters (www.specemc.com)
Surface Mount EMI Power Filters. High Current Rating up to
7 Amps.
Business . Trade . Electrical And Electronic . Distributors
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Design
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Active Circuits (www.activecircuits.co.nz)
A supplier of quality printed circuit board and flexible PCB
in New Zealand, with products sourced from a leading manufacturer
in China.
Business . Trade . Electrical And Electronic . Components
Advance Circuits (www.advancedcircuits.co.nz)
Circuit board manufacturers supplying multi-layered, single-sided
and double-sided circuit boards.
Business . Trade . Electrical And Electronic . Contract Manufacturers
Related Searches: Printed Circuit Board
Tredi (www.tredi.co.nz)
A provider of hazardous waste consultancy and services, including
the management, recovery and transportation of hazardous waste.
Business . Trade . Water And Waste Management
Shielded Components (www.shieldedcomponents.co.nz)
Specialises in the design and manufacture of precision metal
components including RFI/EMI board level shielding and related
small steel enclosures and components.
Business . Trade . Electrical And Electronic . Components
ADX Electronics (www.adx.co.nz)
The New Zealand agent for the Itech range of programmable
power supplies and electronic loads.
Business . Trade . Electrical And Electronic . Power Supplies
Electrotest (www.electrotest.co.nz)
A company that specialises in electronic test and measurement
equipment and power protection solutions.
Business . Trade . Electrical And Electronic . Test And Measurement
Audio Shop (www.audioshop.co.nz)
Your one-stop source for audio connectors, cables, hardware,
electronic components, audio accessories and much more. New
products are added on a regular basis. Purchase via a secure
online ordering system.
Business . Shopping . Music . Audio Equipment
Related Searches: Microphones
Precision Manufacturing Solutions (www.pmsnewzealand.com)
Offering rework or modifications for all PCB assemblies, along
with prototype PCB assembly and low volume builds. Precision
Manufacturing Solutions are IPC Certified SMT and PTH specialists
who offer accurate, detailed design for manufacture.
Business . Trade . Electrical And Electronic . Contract Manufacturers
Footprint Designs (www.footprintdesigns.co.nz)
Specialising in Printed Circuit Board (PCB or PWB) design.
Presentation quality circuit diagrams through to PCB designed
to meet your manufacturing, EMC/EMI, and other requirements.
Business . Trade . Engineering . Consultants
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Si-design (www.sidesign.co.nz)
A contract electronic design and develop company, located
in Nelson.
Business . Trade . Electrical And Electronic . Electronic
Design
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Hi-Q Electronics (www.hiq.co.nz)
We have an extensive range of quality electronic components
to support the innovative export manufacturers of New Zealand.
Business . Trade . Electrical And Electronic . Components
Powerbox Pacific (www.powerbox.co.nz)
Designs, manufactures and distributes power supplies, DC/DC
converters, battery chargers and inverters. Also see Powerbox
Australia.
Business . Trade . Electrical And Electronic . Power Supplies
Kiwacan (www.kiwacan.co.nz)
Electronics design from concept through to completion. Kiwacan
provides a total design solution for the development of automotive,
scientific equipment, automation and commercial products.
Business . Trade . Electrical And Electronic . Electronic
Design
DeviceWorks (www.deviceworks.co.nz)
With a passion for projects, DeviceWorks helps move concepts
from research, development and application through to market-ready
products.
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Design Tools (www.designtools.co.nz)
Mandeno Granville is dedicated to providing 'best in class'
tools for embedded controller development.
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Bentech (www.bentech.co.nz)
A New Zealand owned and operated electronic design company,
specialising in custom electronic design and contract work.
Bentech also import quality computer products for sale in
New Zealand.
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Design
Active Components (www.activecomponents.co.nz)
A supplier of electronic components and production equipment
with 20 years' experience in the business. With offices located
throughout New Zealand and Australia, they are well placed
to handle your requirements.
Business . Trade . Electrical And Electronic . Distributors
Buzz Audio (www.buzzaudio.co.nz)
An audio company that specialises in sound system design and
installation, also designing and building electronic devices
in small or large quantities.
Business . Shopping . Electronics
Texmate NZ (www.texmate.co.nz)
Committed to developing innovative control solutions for the
OEM and process automation global markets. They offer customised
solutions, weighing equipment, signal conditioners and contract
manufacturing.
Business . Trade . Electrical And Electronic . Control Systems
Hutson Systems (www.hutson.co.nz)
A company specialising in digital signal processing (DSP)
and micro controller hardware and software development.
Business . Computers . Hardware
Radiomods (www.radiomods.co.nz)
Site for citizen band and ham radio mods, alignments, projects
and reference information.
Recreation . Amateur Radio
TLA Microsystems (www.tla.co.nz)
Applied innovation in electronic product design.
Business . Trade . Electrical And Electronic . Electronic
Design
SchemNZ (www.schemnz.com)
Industrial technology consultants based in Wanganui, providing
telepresence support systems and waste management facilities.
Business . Services . Consulting
AEC Electronics (www.aec-electronics.co.nz)
An electronics engineering consultancy that specialises in
the development of purpose-built control, communication and
information systems.
Business . Trade . Electrical And Electronic . Control Systems
Channel Ten Security Imports (www.channelten.co.nz)
An importer and distributor of CCTV surveillance equipment
based in Auckland City.
Business . Services . Security . Surveillance EPTE Newsletter
from Japan - INTERNEPCON 2008 (Part I)"
"Thursday, February 07, 2008"
The New Year kicked off with a three day major global event
for the printed circuit board and related industries at Tokyo
Big Sight on January 16. Companies with related products at
the exhibitions included, Elector Test Japan, IC Packaging,
PWB Expo, ELE Trade, Laser & Optics Expo and Fiber Optics
Expo. The size of the exhibition grows larger and larger each
year, and more than 1500 companies and organizations reserved
booths this year. Reed Exhibitions Japan, the worlds leading
organizer of trade and consumer events, orchestrated the event,
and plan-o-gramed floor space that was 40% more than last
year; however this still did not satisfy the demand from companies
wanting to reserve booth space. The space allocated for most
companies was not large enough to accommodate all their products.
The number of the visitors also increase year over year,
and this year, the crowd numbered more than one hundred thousand
over the three days. Long lines of people formed at the registration
kiosk well before the 10:00 a.m. opening. Aisles between the
booths were filled to capacity during the show, and the afternoon
of the third day was by far the busiest. It looked like rush
hour at the big stations in Tokyo. Space was so limited that
is was nearly impossible to navigate from booth to booth,
and many chose to swim with the current. To accommodate the
crowds, the exhibition time was extended to 6:00 p.m., and
many visitors checked out as many booths as possible in the
last minutes.
This year, many foreign visitors were at attendance, mostly
from Asian countries. American and European visitors were
still the minority; however, their numbers increases compared
to previous years. I could recognize great numbers of Asian
visitors from Korea, Taiwan and China. The only way to distinguish
Asian from Japanese visitors is through conversations with
the interpreters escorting them. The same held true with large
contingent of Chinese visitors who also used interpreters.
There was an eclectic collection of products on display at
the show. The first section inside the main entrance was reserved
for the ELE Trade, were foreign vendors utilized their space
to feature electronic components and materials. Many Chinese
companies were limited to smaller sized booths to promote
their products. Unfortunately, the technical level of the
displayed products is sub par compared to their Japanese counterparts,
and were not very attractive to their target audience. I assume
the Chinese company¡¯s business plan is to offer lower costs
for conventional products; however, their prospective leads
at the exhibition place an emphasis on leading edge technologies
making it difficult for these Chinese companies to attract
new business.
Several leading Korean and Taiwanese companies representing
materials, circuit boards, and manufacturing equipment reserved
relatively large booths on the main floor. In terms of technology,
their products are almost equivalent compared those from the
leading edge manufacturers in Japan, but their prices are
much lower. This is one feature they touted throughout the
exhibition to make gains into the volume consumer business.
I think some attributes at the exhibition represents a true
to life business trends for the global electronics industry.
Japanese companies promote their leading edge technologies;
Korean and Taiwanese companies promote their ability to manufacture
the majority of consumer products; Chinese companies deliver
the actual production for volume business; and North American
and European companies contribute specific materials or equipment.Fabrication
Houses
"PCB manufacturers", "prototype boards",
"board house", ...
New Product 50P 10mm 5-chips White LED Lamp 255,000mcd
$25.00 10d 09h 17m
NICE Military Hickok TV 7A Tube Tester for Audio Tubes
$405.00 1d 10h 57m
disclaimer
http://www.PCB4u.com better known as Accutrace)
Saturn Electronics Corporation http://SaturnElectronics.com/
(thanks for the link, M. Miles)
Excel Electrocircuit http://ExcelElectro.com/ (thanks for
the link, M. Miles)
American P.C.B. Company "they plan to put up a web page
Real Soon Now -- perhaps http://amPCB.com/ ."
http://PCBexpress.com/ $100 for 4 identical PCBs (up to 3.375
x 2.875 inches) (that's $25 each) ... has on-line price estimates.
http://www.apcircuits.com . least expensive for small quantities,
very fast and high-quality service. Just for comparison, qty.
2 of a 6 inch by 4 inch board ran $90,and that was about 50%
setup fee.
Advanced Circuits http://4PCB.com/ makes quick-turn PWB prototypes.
There's an on-line form where you tell it how big your board
is and a few other details. It immediately gives you a complete
price schedule (how much for 2 boards, how much for 10 boards,
how much for 100 boards ... how much extra to pay for must-have-it-2-days-from-now.).
I find on-line price estimates very useful for deciding whether
to make 2 boards and buy a connector between them, or to make
one big board. -- David A Cary
"Olimex http://olimex.com/ is one of the cheapest and
fastest services around" -- recc. Byron A Jeff 2002-12-07
on PicList (in Bulgaria so plan on a week or two shipping)
Millennium Dataware S.r.l. http://www.mdsrl.it/ "Ultra
Fast PCB Prototyping with the special warranty: 24 hours or
the PCB are FREE!" -- Francesco Fontana < francesco
(at) mdsrl.it >. Millennium Dataware has an online price
estimate, and also a PCB discussion forum: http://plcforum.it/
http://www.expressPCB.com Free ExpressPCB Windows layout software.
Our express PC board manufacturing service delivers double-sided
plated-through boards in 3 business days or less. Often orders
for two boards cost under $100.
http://www.PCB-quote.com/ Submits your board to several FAB
houses for quotes. Assembly is not addressed.
DynaArt Designs, 3535 Stillmeadow Lane, Lancaster, CA 93536
Voice: (805) 943-4746, FAX: (805) 943-3776
E-Mail: dynaart@netport.com
Web Site http://www.dynaart.com
Home of the "Toner Transfer System"
Coffman Enterprises, http://www.cdh.net/scoff
Email: scoff @cdh.net. PerfectBoard purple paper process to
make printed circuit boards.
Electrolube : Photo Resist, developer, Lacquer , Nickel spray,
Etchant Electrolube Limited,Blakes Road,Wargrave,Berkshire,RG10
8AW U.K.
Tel. +44 1734 404031 Fax + 44 1734 403084
Isel: Etchant ,plating solution etching equipment etc.
Isel Automation, 6419 Eiterfeld 1,Germany
Sifco : Plating Pen, 5708 Schaaf Rd. Cleveland OH 44131 USA
Tel +1 216 524 0099 Fax +1 216 524 6331
Vero Electronics can be contacted in the US on 1-800-242-2863.
Circuit Works Conductive Pen is available from Ocean State
Electronics, (800) 866-6626.
The catalog number is CW2200
NEPCON holds trade shows that focus on electronic manufacturing
equipment and tools. The next show is in Texas during the
last week of October. This will give you a chance to kick
the tires and test drive some of the equipment.
Manncorp makes a pretty broad line of equipment. Everything
from manual pick and place machines up to some fairly pricey
automated lines. The sales people are pretty sharp and are
willing to answer dumb questions.
http://www.bomir.com/ This equipment is imported from Poland.
Screen printer, manual pick and place with paste dispenser,
and a batch reflow oven for US$ 12k.
http://www.apsgold.com/ Through-hole lead forming machines
and SMT equipment.
For automated equipment, Upgrade Technologies is the leading
contender at the moment. They started out with a focus on
ovens. Screen printers and pick and place machines are fairly
recent additions to their product line.
PCB Fab Express http://PCBfabexpress.com/ has on-line price
estimates.
PCB FAQ written by Vincent Himpe <vincent.himpe at ping.be>
at http://www.ping.be/~ping0751 (broken link as of 2005-07-18)
PCB FAQ:
http://cal003109.student.utwente.nl/stefan/el in the PCB section.
(broken link as of 2005-07-18)
Imagineering, Inc. http://PCBnet.com/ intro offer: $25 each
for 2 Layers, $50 each for 4 Layers (quantity 1) max. 60 sqin.,
max. 14in length.
PICList threads: "cheap PCB fabrication needed"
FAB houses in the UK.
http://www.lyncolec.co.uk/
Other web sites with long lists of PWB fabricators:
http://www.everythingPCB.com/p5195.htm long list of Printed
Circuit Board Manufacturers -- think we can get that site
to link back to massmind .
http://dmoz.org/business/Industries/Electronics_and_Electrical/Contract_Manufacturers/Printed_Circuit_Boards/
Many PWB fabricators and assemblers are listed at dmoz.
Portland Robotics used to have a list of board houses http://portlandrobotics.org/index.php.id=21#132
, but today (2005-07-18) I only see one board fab listed.
Questions:
See also:
lizhirenspam at hotmail.com refers to
http://www.chinaPCBs.com/ Our Printed Circuit Board manufacturing
service delivers double-sided plated-through boards in 3 business
days or less. Often orders for two boards cost under $USD100.
And USD80/m2 for mass production for 2layers HASL PCB.
+
wiebkespam at quantumcad.co.uk refers to
http://www.quantumcad.co.uk Title: Quantum CAD ¨C PCB design
solutions Description: High quality PCB Design Service for
all industries, Full Electronic Product Design, SI Verify,
High Speed Design, Simulation, hardware design, PLM Integration,
PCB Design Software, Pre-design Study, PCB Design & Software
Training. Production of Printed Circuit Boards
For more than 20 years our company is a Custom Based Manufacture
of Commercial and Military Grade of Printed Circuit Boards.
Due to our long experience and continuous urge to highest
perfection we are situated in a market position, allowing
us to compete with the best printed circuit board producer
in quality, efficiency and punctuality.
About 500 companies of electronics, automobile industry and
telecommunication benefit from the quality of our printed
circuit boards, services and cost efficiency - produced and
done by our 100 employees. On the company`s plant of 25.000
sqm we are able to produce 3.000 sqm of single-sided, 8000
sqm double-sided PCBs and 10.000 sqm Multilayer per month.
Our Product Range of Printed Circuit Boards
Rigid | Flexible | Flex-Rigid | Low Density-Printed Circuit
Boards
Hight Density Interconnect Carriers (HDI)
Circuit Boards Printed Circuit Boards | Electric Circuit Boards
Electronic Wired Boards | Printed Wiring Boards | Etched Circuit
Boards
Etched | Circuitries | Rigid Boards | Flexible Circuit Boards
Flex-Rigid Board | Circuit Cards
Multi Layer Circuits | Multilayer Boards | Multi Layered Boards
PCB Carriers | PCB | PCBS | PWB | PWBs | ML |MLs | MLB | MLBs
Your possibilities
Printed Circuit Board - SS = Single Sided | DS = Double Sided
| PTH = Plated Through Hole
Printed Circuit Board - NPTH = Non Plated Through Hole |
MLBs = Multilayer Boards up to 12 Layers
Printed Circuit Board - HDI = High Density Interconnection
Printed Circuit Board - With Buried Vias | Blind Vias |
Embedded Passive Components | Impedance Control
Printed Circuit Board - In Fine-Line | Micro-Fine-Line |
HDI-Technology | Forming Microvias in Laser-ITechnology
Printed Circuit Board - In Rapid Proto-Typing | In Medium
to High Volume | In Rapid Mass-Production (high-speed/high
volume)
Printed Circuit Board - Specifications in DIN | in MIL |
in IPC | In UL-Approval listed under File No.:96892
Printed Circuit Board - In SMOBC Circuitry | Bare copper
with LPI Solder Mask | OSP - Organic Surface Protection
Printed Circuit Board - In HAL - Hot Air Leveling also RoHS-Compliant
(Lead-free)
Printed Circuit Board - Surface Gold-Fingers-, Tabs-, or
Body Plating | Nickel & Immersion Gold = ENIG | Immersion
Tin Protection = Imm AG | Immersion Silver = Imm Ag
Printed Circuit Board - Legend & Special Screen Printing
| Carbon Ink | Peelable Ink
Printed Circuit Board - Profile in Routing | V-Scoring |
Punching | Cutting | and Milling
Printed Circuit Board - With Electrical Testing
Especially during the last few years we succeeded in realizing
new sophisticated concepts of automatisation for our Printed
Circuit Boards, flexibility and other improvements in production
techniques. Therefore we are able to offer state-of-the-art
quality for a rate beating world market prices.
As in times of radical cuts in the "time-to-market"
cycle, our "Rapid Mass Production" (high-speed/high
volume) enables you to be one step ahead in your product launch.
Moreover excellent preparation of the artwork and engeneering
performance shall guarantee that your choice is a great advantage
in times of ruthless competition. Thanks to our own innovative
automation concepts, flexibility and our efforts to be the
best, we are able to produce Printed Circuit Boards at highest
possible level of quality and prices, being competitive worldwide.
As the role of Printed Circuit Boards gets more and more decisive
for the business success in times of shortening time to market
cycles, the Printed Circuit Board offers more potential for
saving money than the price per unit: Our service & advisory
concept helps you to launch your product on the market "on
first hit".
Another day, another tale of IP theft.
When these stories come to light, how come it¡¯s always China
stealing from the US, or Japan, or Korea, or ¡. Maybe it¡¯s
just me.
Art as (Second) Life
4 Comments Published by Mike February 26th, 2008 in Hot Wires
Don¡¯t ask me why, but Avnet has gone virtual. The component
distributor has launched a simulated version of its Phoenix-based
technical museum in the virtual world known as Second Life.
In a press release, Avnet¡¯s director of multimedia services
(what, your company doesn¡¯t have one.) Bryan Carter suggested
the recreated would drive traffic to the otherwise infrequently
visited museum.
In trying to explain why the company is underwriting the
costs from its R&D budget, Jan Jurcy, Avnet¡¯s vice president
of digital communications (you probably don¡¯t have one of
those, either), said, ¡°We look at this as another piece of
the social media revolution.¡¹
And here you thought they were in the business of selling
components.
A scene from Avnet¡¯s virtual museum
Life as Art
0 Comments Published by Mike February 25th, 2008 in Hot Wires
It¡¯s a broach. No, a wristband. No¡wait¡
Always at the cutting edge of phone technology, Nokia is
thisclose to making your cellphone a true accessory.
The latest: Wearable phones.
The so-called Morph phone, it says here, can be worn as a
bracelet, and folds and bends in a variety of ways. What I
found telling was the invention debuted at the New York Museum
of Modern Art. Furthermore, the university researchers on
the project outnumbered the team of Nokia developers by 2:5
to 1. Aspocomp Group financials 2002
Feb 14, 2003
OCTOBER - DECEMBER (Comparable figures, 7-9/2002)- Net sales
for the fourth quarter grew by 15.2 % compared with the third
quarter and totaled EUR 51.6 million (EUR 44.8 million).-
Operating profit totaled EUR 4.8 million or 9.3 % of the net
sales (EUR 1.6 million; 3.6 %).- Operative cash flow was EUR
17.4 million (EUR 3.7 million).- Earnings per share were EUR
0.51 (EUR 0.36).JANUARY - DECEMBER (Comparable figures, 1-12/2001)-
Net sales for the period totaled EUR 182.9 million (EUR 221.8
million).- Operating loss was EUR 23.2 million (loss of EUR
27.4 million).- Operating profit without Aspocomp S.A.S was
EUR 4.5 million.- Earnings per share were EUR -1.86 (EUR -2.66).-
Equity ratio was 61.0 % (56.5 %) and equity per share EUR
10.85 (EUR 13.01).- The dividend proposal will be EUR 0.25
per share.BUSINESS REVIEWProductionAspocomp's capacity utilization
rate for the fourth quarter was better than the other quarters
of 2002. Printed wiring board (PWB) demand is growing most
rapidly in Asia, especially in China. Aspocomp has two subsidiaries
in Asia, P.C.B. Center in Thailand and ACP Electronics in
China. The production of the Asian units has grown during
the full year 2002 almost 44 % compared to the full year 2001.Research
and DevelopmentOn March 1, 2002, Aspocomp Group Oyj and Perlos
Corporation founded a joint research and development company,
Asperation Oy. The ownership of the company is shared equally
between the parent companies. Asperation Oy focuses on research
and development of integrated components for the telecommunications
and electronics industry. The target of the co-operation is
to produce innovations beneficial for the both owner companies
in their activities as well as to shorten the time-to-market
of the innovations.On April 12, 2002, Aspocomp Group Oyj and
Elcoteq Network Corporation established a joint venture, Imbera
Electronics Oy, which concentrates on the development and
commercialization of the Integrated Module Board (IMB) technology.
Imbera Electronics Oy's ownership is shared equally between
the parent companies. The target of the company is to develop
an innovative production process using the IMB technology
to integrate active components inside the printed wiring board
structure. The use of the IMB technology in demandingconsumer
electronic applications is expected to start up within a couple
of years.Both of the joint venture companies made good progress
during 2002.BUSINESS ENVIRONMENTTelecommunications industry,
especially the mobile phone sector, grew strongly during the
years 1999 and 2000. Our main target was to create enough
capacity for our customers. Now the mobile phone growth is
moderate and in the telecommunications networks the market
shrinks. The companies in the electronics industry strive
for profitability by trying to reach controlling position
in the value chain. New technologies change the market by
enabling the manufacturing of products that have more functions
with lower price. The value chains force companies to geographically
relocate their operations in order to save labour costs. Original
equipment manufacturers concentrate on the sales and marketing
and the role of the electronics manufacturing service companies
as well as the original design manufacturer companies grows
in importance. The supply chains become more complicated,
the production is getting global and the ownership concentrates
in fewer hands. The growth focus of the electronics industry
will be in Asia also in 2003.GROUP NET SALES AND PROFIT, OCTOBER
- DECEMBER (Comparable figures 7-9/ 2002)Fourth-quarter net
sales grew by 15.2 % compared to the third quarter and totaled
EUR 51.6 million (EUR 44.8 million, 7-9/2002).Fourth-quarter
EBITDA increased by 37.3% and totaled EUR 12.2 million (EUR
8.9 million). EBIT totaled EUR 4.8 million or 9.3 % of the
net sales (EUR 1.6 million; 3.6 %). Earnings per share totaled
EUR 0.51 (EUR 0.36). Operative cash flow was EUR 17.4 million
(EUR 3.7 million).GROUP NET SALES AND PROFIT, JANUARY - DECEMBER
(Comparable figures 1-12/2001)Net sales totaled EUR 182.9
million for the period from January 1 to December 31, 2002,
compared with EUR 221.8 million during the previous year.
Other operating income totaled EUR 0.2 million (EUR 0.9 million,
1-12/2001). The share of net sales by the company's five biggest
customers, Nokia, Sanmina-SCI, Siemens, Tellabs and Ericsson,
was 68 % (the share of the five biggest in 2001 was 62 %).
Net sales by region were as follows: Europe 56 % (81 %), Asia
17 % (8 %), and the Americas 27 % (11 %).Operating loss for
the period totaled EUR 23.2 million or -12.7 % of net sales
(EUR -27.4 million; -12.3 %). Operating profit for the period,
net of the write-downs and losses related to the French subsidiary
Aspocomp S.A.S. in the first quarter, totaled EUR 4.5 million.
Net financial costs totaled EUR 2.7 million (EUR 2.6 million).The
loss before extraordinary items was EUR 25.9 million (loss
of EUR 29.9 million). The loss before taxes was EUR 25.9 million
(loss of EUR 29.9 million), and the net loss for the period
was EUR 18.6 million (loss of EUR 26.9 million). Earnings
per share totaled EUR -1.86 (EUR -2.66).BUSINESS UNITS, OCTOBER
- DECEMBERPrinted Wiring Boards (PWB)Fourth-quarter net sales
for the PWB business unit increased by 21.1 % compared to
the third quarter and totaled EUR 43.7 million(EUR 36.1 million,
7-9/2002). Net sales for the Mobile segment reached EUR 25.1
million (EUR 19.1 million), net sales for the Telecom segment
totaled EUR 7.7 million (EUR 5.6 million) and for the Auto
& Industry segment totaled EUR 10.9 million (EUR 11.4
million).Electronics Manufacturing Services (EMS)Net sales
for the EMS business unit decreased by 9.7 % and totaled EUR
7.9 million (EUR 8.8 million).BUSINESS UNITS, JANUARY - DECEMBERPrinted
Wiring Boards (PWB)The downturn in net sales for the PWB business
unit was 16.2% compared to the same period in the previous
year. Net sales for the PWB business unit were EUR 150.0 million
(EUR 179.0 million, 1-12/2001). Net sales of the Mobile segment
decreased by 9.3 % and totaled EUR 79.0 million (EUR 87.1
million). Net sales of the Telecom segment declined by 41.8
% and totaled EUR 27.8 million (EUR 47.8 million). The downturn
in net sales for the Auto & Industry segment was 2.0 %
and totaled EUR 43.2 million (EUR 44.1 million). The EBIT
of the PWB business unit for the period was EUR -24.0 million
(EUR -29.2 million).ELECTRONICS MANUFACTURING SERVICES (EMS)Net
sales of the EMS business unit decreased by 23.0 % and totaled
EUR 32.9 million (EUR 42.8 million, 1-12/2001). The EBIT of
the EMS business unit for the period was EUR 0.8 million (EUR
1.8 million).FINANCING, INVESTMENTS AND EQUITY RATIOThe Group's
liquidity during the period under review was good. The liquid
reserve at the year-end was EUR 19.7 million (EUR 20.3 million).
Net interest-bearing debt for the period totaled EUR 40.5
million, including EUR 30.5 million in financial leasing liabilities
(EUR 58.7 million; EUR 34.9 million). The non-interest-bearing
debts totalled EUR 26.1 million (EUR 47.8 million). Gross
investments for the period totaled EUR 19.8 million (EUR 73.3
million) or 10.8 % of the net sales (33.0 %). The investments
were primarily in Asia (EUR 13.5 million). Investments in
Finland totaled EUR 6.3 million, including the share capital
in the joint venture companies Asperation Oy and Imbera Electronics
Oy as well as the share buybacks totaling EUR 2 million. The
development of the exchange rate between the Euro and the
USD during the period under review strengthened the price
competitiveness of the Asian units, but on the other hand
weakened the price competitiveness of the European units.
Net financial costs as a percentage of the net sales totaled
1.5 % (1.2 %). The equity ratio at the end of the period was
61 % (56.5 %).SHARES AND SHARE CAPITALThe number of Aspocomp's
issued shares on December 31, 2002, was 10,041,026 and the
share capital was EUR 10,041,026. 100,000 shares of the total
issued number were in the possession of the company. The average
number of shares, adjusted by buybacks, was 9,984,654. During
the period extending from January 2 to December 30, a total
of 2,309,047 shares with a value of EUR 17,450,476.52 were
traded on the Helsinki Stock Exchange. The nominee-registered
proportion of the stockholdings was 15.34 % and the non-domestic
share 0.78 % at the end of the period. The share price reached
a high of EUR 13.25 and a low of EUR 4.22 between January
2 and December 30, 2002. The average price was EUR 7.56. The
closing price on December 30, 2002, was EUR 6.25 and the market
capitalization of the company was EUR 62,131,413.The Aspocomp
Group Oyj's Annual General Meeting of April 5, 2002, authorized
the Board of Directors to decide on acquiring and conveying
of own shares and on increasing the share capital by a share
issue and/or by taking a convertible loan. The authorizations
are valid for one year from the date of the Annual General
Meeting. On May 7, 2002, the Board of Directors decided to
exercise the authorization regarding share buybacks by acquiring
a maximum of 100,000 company shares on the market by the end
of June 2002. The acquisition began on May 14, 2002, and by
June 28, 2002, the maximum amount of 100,000 own share was
reached. After the financial period, by January 31, 2003,
the amount of own shares in the possession of the Company
was still 100,000.The counter book value of the shares was
EUR 100,000, representing 1.0% of the company's share capital
and voting rights. The share buybacks did not have any significant
impact on the distribution of the shareholdings or the voting
rights in the companyThe other authorizations have not been
used yet.On April 5, the Annual General Meeting passed a resolution
to decrease the company's share capital by invalidating 100,900
company shares. The new share capital, EUR 10,041,026, and
the number of shares, 10,041,026, were entered in the Finnish
Trade Register on April 9.At an Extraordinary Aspocomp Group
Oyj Shareholders' Meeting held on October 22, 1999, it was
decided that 750,000 stock options would be given to key persons
to be named separately by Aspocomp Group Oyj and to a wholly
owned subsidiary of the Group. Of this total, 375,000 were
subscribed as A Options and 375,000 as B Options. The options
allow for conversion into a total maximum of 750,000 Aspocomp
Group Oyj shares, representing a total of 7.5 % of the company's
post-subscription stock outstanding. Share capital will rise
by a maximum total of 750,000 euros at a subscription price
of 25 euros, net of pre-subscription dividends paid on the
stock. The current subscription price is 24 euros. The shares,
once subscribed, entitle the holder to dividend rights starting
from the period during which they were converted. Other shares
offer dividend rights from the point of registration. The
subscription period is staggered, starting with the A Options
on November 1, 2001, and with the B Options following on November
1, 2003. The subscription period for all options will expire
on November 30, 2005. The above-mentioned options were registered
on December 29, 1999. The Board of Directors of Aspocomp Group
Oyj resolved to apply for listing of all the A Options 1999
on the main list of the Helsinki Exchanges so that the listing
commenced on November 23, 2001. In relation to the listing
both A and B Options were transferred to book-entry securities
system.On May 17, 2002, the insurance company If Skadef.kring
Ab announced that its share in the voting rights and share
capital of Aspocomp Group Oyj exceeds 5 %.PERSONNELThe number
of employees averaged 3,075 from January 1 to December 31,
2002, compared with 3,314 for the same period in the previous
year. At the end of the financial period there were 2,907
employees in all (3,178).Negotiations with the Working Council
at Aspocomp S.A.S. PWB plant in Evreux, France began on October
18, 2001, and were concluded on January 24, 2002, and the
decision was to give notice to approximately 200 persons based
on both productional and economical reasons. Aspocomp S.A.S.
filed for bankruptcy at the local French Commercial Court
on March 6, 2002, and as a result the Liquidator of the bankruptcy
estate gave notice to the whole personnel of the company.
Aspocomp S.A.S. has not been included in the Aspocomp Group
figures after February 28, 2002. The adjustment of personnel
amount at all production sites continued during the financial
period.ASPOCOMP S.A.S.The HDI capacity of the French plant
was built for the forecasted ramp-up of the 3G infrastructure
and carefully estimated growth of the handset demand based
on market information available. However, these markets did
not develop as generally expected in 2001. The loading in
France was very low and operations continued unprofitably
for the third year in line; in 2001 the loss of 23.9 million
euros on EBIT level was generated. Aspocomp S.A.S. filed for
bankruptcy on March 6, 2002, and the liquidation of its assets
was started on June 20, 2002.The administrators of the bankruptcy
estate filed a lawsuit against Aspocomp Group Oyj. The bankruptcy
estate calls for the bankruptcy proceedings of the subsidiary
and liability for its debts to be extended to include Aspocomp
Group Oyj. Aspocomp Group Oyj submitted its rebuttal to the
Commercial Court in Evreux, France, on September 10, 2002.
The plaintiff was supposed to submit its rebuttal after the
financial period, on January 14, 2003. However, the administrators
were not able to submit their rebuttal and the handling was
postponed March 2003. According to expert opinion available,
the writ of summons and the claims presented therein are unfounded.
As a consequence, it is estimated that the writ of summons
will have no effect on the profitability position of the company,
its balance sheet or financial position.PROPOSAL FOR THE DISTRIBUTION
OF DIVIDENDThe Board of Directors will propose at the Annual
General Meeting to be held on April 4, 2003, that a dividend
of EUR 0.25 per share to be distributed to the shareholders.
According to the proposal of the Board the dividend record
date will be April 9, 2003 and the dividends will be paid
on April 16, 2003.PROSPECTSThe market situation continues
to be uncertain. Based on the estimations of our customers,
we expect the total growth of the mobile phone market in 2003
to be between 0 and 10 % and the telecommunication infrastructure
market to decrease. The first quarter is expected to be the
weakest due to seasonality, net sales are expected to remain
on the level of the corresponding quarter of the previous
year and the EBIT will be slightly negative. The latter half
of the year is expected to be stronger and the EBIT for the
year 2003 clearly positive. Our current cash position is very
strong and will be strengthening throughout the year. We are
confident in our ability to increase our global market share
by increasing our market position in Asia. Asian units' share
of net sales in 2002 was 22 % and is forecasted to be close
to 40 % in 2003.ANNUAL GENERAL MEETINGThe Aspocomp Group Oyj
Annual General Meeting will be held on Friday, April 4, 2003,
at 2:00 p.m.ANNUAL REPORT 2002The Aspocomp Group Annual Report
2002 will be published on week 13.FINANCIAL INFORMATION IN
2003The Aspocomp Group will release its quarterly reports
during the year 2002 on May 6, July 31 and October 30. North
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