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The ups and downs of legislation Burns sets up specialist services Italy faces major AWP shake-up New circuit board plant for india Polish trade association treasurer speaks out Big firms to support colombia event Eastern europe proving profitable for me Section 16 ‘replacement market Bougues batiment buoyed by kaunas bid Peermont buys controlling interest in tusk Vegas giants compete for signapore
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BOUGUES BATIMENT BUOYED BY KAUNAS BID
Bougues Batiment International gaming , a unit of Bougues, was the only company to present a tender for the construction of a sports and entertainment complex in Lithuania’s second largest city Kaunas, according to www.forbes.com. The value of the tenor was not publicly announced, but officials earlier said some LTL150m (€ 43.4m ) should be invested in the construction of the complex. Bougues Batiment International operates in 20 countries around the world. It is particularly active in central and eastern Europe. The company’s turnover totaled €788m in 2004. UK PCB FIRM CIRCATEX GOES INTO ADMINISTRATION
Circatex, a UK PCB firm, has gone into administration as a result of trading losses in 2005. Emst & Young has been appointed administrators for the firm that was the second biggest PCB firm in the UK, behind Invotec. The firm, according to www.electronicsweekly.com, employs around 210 staff.
At the same Circatex’s managing director Mark Beesley said he disagreed with Prestwick’s comments but added: “The market is extremely volatile. If the attrition continues we may potentially have to modify our view on pricing and resourcing but we are not at that point now.” The UK PCB industry has been battered over the last six years due to low cost competition from the Far East, and particularly China. The number of UK PCB firms has roughly halved since 2000. CRANE CO ACQUIRES CASHCODE Crane Co., a diversified manufacturer of engineered industrial products, hs acquired the assets of CashCode Co., a company specializing in niche applications for banknote validation, storage and recycling devices for use in vending, gaming, retail and transportation applications. Crane is the parent company of NRI, the German-based manufacturer of electronic validation systems for coins and cashless payment systems. Fast added that while the majority of CashCode’s business today is in the gaming business, ‘sales synergies will provide growth opportunities in vending, amusement, transportation, and retail automated checkout industries and expands our geographical sales coverage.’ The company will now be called crane CashCode. * UK - Instance Automatics, a UK- based crance and vending specialist, has announced a partnership agreemnt with Brand imports based in Arizona in the US, to exclusively supply in the UK its range of flat pack stickers and tattoos. Intance’s Ian Eason commented: “This is a great moment for us, after developing a tattoo and sticker vending machine that got a very good response at the ATEI 2006, we were approached by Brand regarding their product. “We looked at all other tattoo products at the ATEI and came to a decision that Brand is no doubt the best.” The firm has site tested the product in its own machines and states ‘if you want the best take from your machine, use Brand Products.’ “We are also working closely with Tobyco of Ireland who are also Brand Partner.” Eason added. Our own tattoo machine got a massive amount of orders at the ATEI, The machine is selling for €600 free stock with it so it actually costs €95. |
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