We are closing 2012 with stable, moderate increases over 2011. We are operating with the assumption that 2013 will be a slow growth recovery year. We have seen growing business in China and India.
Trends indicate that there is more emphasis lately on energy saving technologies, solar cells and inverters, power saving control electronics, and re-engineering in the automotive electronics arena. Quite a few of our customers are doing electronics for toys and entertainment devices.
General PC-based computer and periferal activity seems to be relegated to a slowing lower quality status. Our industry used to be fueled by pc based products and that now seems to be a small driver overall. Electronics production has a smaller cyclical component compared to years before. Contract Assemblers and OEM's appear to be more careful and nimble forecasting product demands and this has toned down the highs and lows in our market.
In previous years, the sales would go strong for several months and then taper off for several months. We do not see this type of sales in the last 14months. The sales have been very consistent. Our biggest customers continue to be automotive electronics, industrial controls, and contract assemblers.
