Focus Is on Complex High-Mix / Mid-to-Low Volume Production in Asia
NEENAH, Wis., July 18 /PRNewswire-FirstCall/ -- Plexus Corp. (NASDAQ:PLXS) today announced that it had entered into a new operating lease for an extension to its existing building which will include a new three-story office and an additional production facility of approximately 60,000 square feet. This will bring Plexus' manufacturing capacity in the Xiamen Xiangyu Free Trade Zone in China to 120,000 square feet from its present 60,000 square feet.
Mr. YJ Lim, Plexus' Vice President-Asia Operations, commented, "Our Xiamen facility has consistently demonstrated its ability to meet our customers' requirements for quality and on-time delivery in the Medical, Industrial/Commercial and Wireline/Networking sectors. We have gained significant traction with our current customers as a result of the dedication, capability and loyalty of our Xiamen staff. With the support of our local supply chain partners, our lean manufacturing capabilities offer a significant advantage for companies looking for complex high-mix, mid-to-low volume production in China. This expansion will allow us to meet the anticipated needs of both current and new global customers."
The lease term is for ten years and is coterminous with the present facility lease, which expires in 2016. The new addition is expected to be completed by mid-2007, and production is expected to begin 60-90 days thereafter.
About Plexus Corp. - The Product Realization Company
Plexus ( www.plexus.com/ ) is an award-winning participant in the Electronics Manufacturing Services (EMS) industry, providing product design, test, manufacturing and fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace industries.
The Company's unique Focused Factory manufacturing model and global supply chain solutions are strategically enhanced by value-added product design and engineering services. Plexus specializes in customer programs that require flexibility, scalability, technology and quality.
Plexus provides award-winning customer service to more than 150 branded product companies in North America, Europe and Asia.
Source: Plexus Corp.
CONTACT: Gordon Bitter, CFO of Plexus Corp., +1-920-722-3451, or email@example.com
Web site: www.plexus.com/