NEENAH, Wis., Oct. 29, 2010 - Plexus Corp. (Nasdaq:PLXS), announced today that it has signed an agreement with the Municipality of Oradea for the development of a new manufacturing facility in the city's newly established industrial park. The new building will be located on approximately 22 acres of land in the Eurobusiness Industrial Park in Oradea. Plexus plans to develop a state of the art manufacturing facility of between 160,000 to 215,000 sq feet with an anticipated investment of $25 to $30 million. Construction of the facility is expected to begin in 2011.
Steve Frisch, Regional President - EMEA, commented, "We believe that our investment in Oradea has provided our multinational customers with an optimal lower total-cost European solution, particularly for products with European end-markets. Our customers continue to show increased demand for services in this region since we commenced operations in February 2009 with a leased facility in Oradea, Romania.
Coupled with our design services capabilities in Livingston, Scotland and our Kelso, Scotland manufacturing facility, this investment in Oradea furthers our ability to deliver mid-to-low volume, higher complexity Product Realization Value Stream Solutions to our customers in the European region."
Mr. Frisch continued, "Our investment in this new manufacturing facility is an important milestone in the evolution of our European regional growth strategy. We are committed to the continued development of our presence in this region and believe it will enable us to deliver on our longer-term growth goals. To support our growing customer base, and in anticipation of our larger facility in the region, we continue to recruit and hire staff, at all levels and for all functions, into our current facility in Oradea, Romania. We invite interested individuals to consider joining our talented and dynamic team where development and extensive training is provided to all employees. We anticipate that staffing levels may grow to 500 when the new facility is fully operational."
About Plexus Corp. -- The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer focused service model seamlessly integrates innovative product design, customized supply chain solutions, uniquely configured "focused factory" manufacturing, global end-market fulfillment and after-market services to deliver comprehensive end-to-end solutions for customers in the North American, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 100 branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.
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