Cookson Group Sells SCS Business

Selling SCS is part of Cookson’s strategy to progressively reduce debt through non-core business disposals, and bring the proceeds from disposals announced in 2005 up to the £100 million targeted by the end of 2006. “This measure is part of the Division’s ongoing effort to increase focus on its core technologies. SCS is an excellent business with both strong financial and product technology foundations; however, its future growth is not strategically aligned with Assembly Materials Group’s markets,” notes David Zerfoss, president of Cookson Assembly Materials Group.

(January 9, 2006) Austin, TX &#8212 Freescale Semiconductor has added two prominent executives to its manufacturing team &#8212 Chris Chi, formerly of United Electronics Corp. (UMC), joins as VP of external manufacturing, and Gulzar Mohd Ali, previously with Intel, is now VP of final manufacturing, overseeing assembly and test operations. Both will report to Alex Pepe, Freescale’s senior VP of manufacturing operations.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.