Eltek Placed Purchase Orders for $4.5 Million
December 18, 2023 | PRNewswireEstimated reading time: Less than a minute
Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced the placement of purchase orders totaling $4.5 million for state-of-the-art machines, software, and a comprehensive service contract, with most deliveries scheduled for the first quarter of 2024, in connection with its planned expansion of its production capabilities. These purchase orders are in addition to the three production lines ordered in August 2023. The first production line is on its way to Eltek and it is scheduled be installed during the beginning of the first quarter of 2024.
"The capital investments outlined in these purchase orders align with Eltek's strategic vision and commitment to enhancing operational efficiency, expanding technological capabilities, and aligning with future product portfolios. The purchase orders also underscore the Company's dedication to upgrading its engineering capabilities to maintain a competitive edge in the dynamic PCB market. These strategic investments are integral to our broader Company vision. By focusing on operational efficiency and staying at the forefront of technological advancements, we aim to not only meet but exceed the evolving needs of our customers," commented Eli Yaffe, CEO of Eltek.
Suggested Items
Growing Demand for High-Capacity Storage Propels Enterprise SSD Revenue Up by Over 60% in 1Q24
05/31/2024 | TrendForceTrendForce reports that a reduction in supplier production has led to unmet demand for high-capacity orders since 4Q23. Combined with procurement strategies aimed at building low-cost inventory, this has driven orders and significantly boosted enterprise SSD revenue, which reached US$3.758 billion in 1Q24—a staggering 62.9% QoQ increase.
Galaxy 1 Joins Viasat’s ELEVATE Program to Provide Integrated Satcom Solutions
05/31/2024 | ViasatViasat, Inc., a global leader in satellite communications, today announced Galaxy 1, an independent provider of secure satellite communication services and connectivity, has joined its ELEVATE program.
Foxconn Shareholders Approve Record Cash Dividend for 2023
05/31/2024 | FoxconnHon Hai Technology Group, at its annual shareholders’ meeting, approved its distributable earnings plan totaling NT$74.86 billion in cash. The cash dividend of NT$5.40 per share for 2023 sets a new high since Foxconn listed in 1991, with the cash dividend payout ratio exceeding 50% for the fifth consecutive year.
Show Review: IPC APEX EXPO Was ‘Just Right’
05/31/2024 | Tom Kastner, GP VenturesThis year's IPC APEX EXPO was like the story of “Goldilocks” for me: not too crowded and not too slow. If it's too crowded, no one has the time to talk because they're too busy with the customers. If it's too slow, all the owners and others interested in M&A go home early. If it’s not so busy, there are more places to sit and the lines are shorter, which can feel just right.
Sunshine PCB (Penang) Unveils Major Expansion Initiatives to Propel Growth and Innovation
05/30/2024 | Sunshine Global CircuitsSunshine Global Circuits (SGC) is renowned as a premier manufacturer of high-quality and cutting-edge PCBs. Specializing in a diverse range of requirements from high mix to low to high volumes and quick-turn prototypes, SGC boasts an impressive array of technical capabilities.