Texas electronics manufacturer says the local facility will be eliminated

Texas electronics manufacturer says the local facility will be eliminated
Pamplin Media Group, Sep 17, 2009

Benchmark Electronics of Angleton, Texas, said Tuesday that it would close its Beaverton circuit board manufacturing plant at the end of the year, cutting 183 jobs.

The company told state work force officials Sept. 15 that some employees could be offered positions at the company’s dozen other U.S. plants, but details about the possible transfers have yet to be completed.

Benchmark Electronics opened its Beaverton plant at 3725 S.W. Hocken Ave., in 1991. The 80,000-square-foot facility produced circuit boards, electronic system assembly and testing equipment for the medical, telecommunications and computer industries.

Benchmark has 24 plants operating in 10 countries, including Ireland, Asia and Mexico.

NI Technology Updates Outlooks for Flextronics Benchmark Electronics Celestica Jabil Circuit and Sanmina-SCI

NI Technology Updates Outlooks for Flextronics, Benchmark Electronics, Celestica, Jabil Circuit and Sanmina-SCI

PRINCETON, N.J., Sept. 21 /PRNewswire/ — Next Inning Technology Research http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for Flextronics (Nasdaq: FLEX), Benchmark Electronics (NYSE: BHE), Celestica (NYSE: CLS), Jabil Circuit (NYSE: JBL) and Sanmina-SCI (Nasdaq: SANM).

During the July earnings season, editor Paul McWilliams was spot on. Not only was he the only one to predict Intel would report revenue of $8B, he laid out the details so accurately that one reader commented, “It was almost as though McWilliams wrote the script for the Intel conference call.”

With the October earnings season just around the corner, McWilliams has begun publishing his special “State of Tech” reports. In this series of reports, readers will find detailed data covering the sector leaders, commentary about sector trends and specific calls as to which stocks McWilliams thinks readers should buy and which he thinks they should sell.

To read the State of Tech reports, learn what McWilliams thinks Intel will report in Q3 and have full access to the Next Inning web site as well as a direct feed to McWilliams’ frequent investment ideas that have yielded a year-to-date return of 69% for the NI Portfolio, please visit the following link:


McWilliams covers these topics and more in his State of Tech report:

— Flextronics is up over 230% since McWilliams called it a strategic buy in December. What fueled these impressive returns and should investors continue to hold the stock?

— Jabil Circuit is up 88% from where McWilliams called it a good speculative buy in December. Has the outlook changed for the company? Why should investors closely track Jabil’s relationship with Research in Motion?

— Benchmark is up 60% since McWilliams called it a good speculative buy in March. What is the “wildcard” that could have a big impact on an investment in Benchmark in the coming months?

— Celestica is up nearly 165% since McWilliams called it a good speculative buy in March. What factors have led McWilliams to view Celestica more positively in 2009? Has Celestica finally overcome the uneven execution that hampered it in the past?

— Should investors be tempted by Sanmina’s recent strong move higher? Is Sanmina likely to be an acquisition target, and which firms would be the most likely buyers?

New Manufacturing Facility of Benchmark electronic

Benchmark Electronics Romania will relocate production to the Brasov Industrial Park, which is a development of ICCO started late last year. Benchmark Electronics started production in Romania in 2004, using a rented part of the industrial site of the former Tractorul factory in Brasov

ICCO Marketing Manager Mirela Radulescu said Benchmark Electronics had rented 10,000 square meters and reserved another 10,000 square meters for further expansion in the following three years. The production hall rented by Benchmark Electronics is scheduled to become operational at the end of January 2009. By that time, Benchmark Electronics will have invested some 5 million USD in new equipment for the new site

ECCO has scheduled investments of 45 million EUR for this year, mainly to develop an industrial park next to the future airport in the area. The company is planning to build five industrial halls measuring 5,600 square meters. Upon completion, the park will have a total surface of 140,000 square meters, 11 production halls and 3 office buildings