20 SMT Magazine • June 2016
Celestica's Q1 2016 Financial Results
Within Guidance
Celestica Inc. has reported revenue of $1.353 bil-
lion for the first quarter of 2016, up by 4% com-
pared to the same period last year, and well with-
in the company's previously provided guidance
range of $1.3 billion to $1.4 billion.
Vexos Dongguan Receives Business
Management Award
EMS firm Vexos Dongguan was the recipient of
the Dongkeng Excellent Business Affairs Manage-
ment Enterprise Award for 2015.
Exception EMS' On-Demand Fast
Turnaround Service Sees Major Growth
Exception EMS has invested in a third SMT line to
support the growth within its dedicated On-De-
mand manufacturing facility in line with the 50%
increase in its On-Demand service during the past
12 months.
HANZA Posts 27% Sales Growth
for 1Q 2016
EMS firm HANZA Holding has reported profitable
growth, with significant improvement in earnings
and additional new customer projects, for the first
quarter of 2016.
Plexus Names Todd Kelsey to Succeed
Dean Foate as CEO
Todd Kelsey, executive vice president and chief op-
erating officer of Plexus, will succeed Dean Foate
as president and CEO on October 2, 2016. Foate
intends to retire at the end of fiscal year 2016.
Kitron Posts Continued Growth,
Solid Order Backlog in Q1 2016
Kitron ASA has reported growth in revenue and or-
der backlog, as well as continued improvement in
underlying profitability.
IEC Celebrating 50th Anniversary
IEC Electronics Corp. will mark its 50th anniversary
with several events throughout 2016, including
Founder's Day recognition at the company's cor-
porate headquarters in Newark, New York as well
as celebrations later this year at each of its facili-
ties in Newark and Rochester, New York, and Albu-
querque, New Mexico.
API Technologies Announces Completion
of Acquisition by Affiliate of J.F. Lehman
& Company
API Technologies Corp. recently announced the
successful completion of its acquisition by an affili-
ate of private equity firm J.F. Lehman & Co.
OCM Manufacturing Expands
Prototyping Capability with New
Pick and Place System
Contract manufacturer OCM Manufacturing of Ot-
tawa has added a new pick and place system to
its roster of electronics manufacturing equipment,
enhancing the process of surface mounting devic-
es onto printed circuit boards and expanding the
firm's electronics prototyping capability.
Sanmina Reports Q2 Fiscal 2016 Revenue
of $1.61B
Sanmina has posted revenue of $1.61 billion for
the second quarter of fiscal 2016, up from $1.53
billion in the prior quarter and $1.53 billion for the
same period of fiscal 2015.
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