ENI, a division of Emerson, has signed an agreement, valued at $120 million, to provide its entire range of plasma power sources and instrumentation to a manufacturer of semiconductor equipment for the next three years.
‘We are thrilled to have been given this opportunity and look forward to meeting the customer’s requirements for the most reliable and precise plasma power delivery systems,’ said ENI president Ed Maier. ‘This accord is especially significant as it represents the continuation of a long-term partnership with one of our major customers.’
ENI recently unveiled a new 40,000 square foot research and development and customer service centre in order to accommodate the unprecedented demand for plasma power supplies from global semiconductor manufacturers. The $5 million building, which opened last year, is fully occupied by more than 120 employees. The facility features testing laboratories, an open areas for CAD engineering and a customer service call centre.
ENI can provide engineering, sales, service support and manufacturing from its Rochester, New York headquarters, three domestic and five international branch offices and worldwide network of representatives and factory-authorised service centres in the USA.
Emerson’s sales, net earnings, and earnings per share for the first quarter of fiscal 2001 were the highest for any first quarter in the company’s history. Net sales for the three months ended December 31, 2000, were $3,919,465,000, an increase of 11 percent over net sales of $3,543,341,000 for the comparable fiscal 2000 period. Underlying sales increased nearly 8 percent, excluding acquisitions, divestitures, and a 4 percentage point unfavourable impact from currency.
Net earnings rose 10 percent to $357,359,000, from $324,876,000 for the first quarter of fiscal 2000. Earnings per share for the quarter were $0.83, an increase of 11 percent over earnings of $0.75 for the same period a year ago. Earnings per share excluding goodwill amortisation also increased 11 percent, from $0.82 to $0.91.