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References in periodicals archive ?
The downgrade of the IDR and Negative Outlook reflect: i) Fitch's belief that Celestica will continue to be negatively impacted by recent execution issues which have resulted in customer attrition as well as declining revenue and profitability; ii) negative free cash flow resulting from earnings losses, cash restructuring costs and increased working capital requirements; iii) Fitch's expectation that Celestica will incur additional cash payments for restructuring actions necessary to bring the company's cost structure in-line with its reduced revenue run rate.
We are very proud to accept this award from Rockwell Collins, a recognized leader in electronic solutions for the aerospace market", said Mike McGuire, Vice President, Aerospace and Defense, Celestica.
This joint venture cements an existing three-year relationship between the two companies, through which HCL and Celestica have successfully provided integrated solutions to customers across the telecom, enterprise, consumer, medical, aerospace and semiconductor sectors.
We are pleased to recognize Celestica with the Don Watson Distinguished Supplier of the Year award," said Steve Cleary, Chief Procurement Officer at EMC.
For the past seven years, Celestica selected Agilent Technologies' Semiconductor Products Group (SPG) for its annual award.
Our solar lab combined with our manufacturing and global supply chain expertise, establishes Celestica as a single source for our customers' module manufacturing and certification requirements.
Under the terms of the agreement, Celestica and Powerwave will enter into a multi-year supply agreement that will see Celestica become Powerwave's preferred outsourcing partner.
We are pleased to recognize Adecco with the Best Indirect Services Award," said Paul Blom, Chief Procurement Officer, Celestica.
Fitch notes that interest incurred has increased significantly as a result of Celestica repaying its approximately $350 million of LYONS during the third quarter of 2005 and annual interest expense is likely to be $50 million-$60 million going forward.
In addition to ISO 13485 certification, Celestica is also fully qualified to meet other rigorous standards of the medical industry around the globe, such as ISO 9001, ISO 14001, Class 7 Clean Rooms, FDA-registered sites, robust cGMP and QS processes, and QSR/cGMP-compliant facilities.
For seven consecutive years Agilent has exceeded our expectations, acting as an extension of our business and helping us meet the changing needs of our global customers," said John Boucher, chief supply chain and procurement officer at Celestica.
95% of their Shares purchased by Celestica, except that "odd lot" tenders were not subject to pro-ration.