Titan Global Holdings PCB Divisions announce record July shipments
Aug 07, 2006
Titan Global Holdings Inc. announced that its PCB divisions shipped a record $1.8 million during the month of July, 2006. The strong sales were delivered during a usually seasonally slow summer month with four fewer business days. In addition, bookings continue to rise as nine new customers were added during the month of July.
Titan recently announced that Titan's PCB West division had increased production capacity by approximately 20% through process redesign and expanded use of automation to support its increased bookings. During the month of July, Titan PCB West captured nine new customers due to increased capacity and continues to be exposed to additional revenue and customer opportunities.
Titan's Amesbury, Massachusetts plant, which is one of a limited number of PCB manufacturers with the US Department of Defense 31032 certification, recently received an additional order from a large existing customer within the U.S. defense industry.
"The changes we made over the last year to personnel, facilities, and our customer mix continue to bear fruit," said Curtis Okumura, Chief Executive Officer of Titan Global Holdings, Inc. "Recent successes will enable us to continue to improve our operating and financial efficiencies as a leading quick-turn printed circuit board manufacturer while we continue to deliver high quality service to our customers."
"Titan PCB continues to build momentum," added Bryan Chance, Chief Financial Officer of Titan Global Holdings, Inc. "Despite four fewer production days and a summer month that is historically speaking usually 'soft', we maintained strong shipments and increased bookings while maintaining strong profit margins. Our team is committed to the pursuit of all organic and strategic opportunities that create shareholder value."