Plexus to Expand in Malaysia
NEENAH, WI -- Plexus has signed an agreement to acquire a 432,000 sq. ft. facility on a 12-acre property in Penang, Malaysia.
The transaction, terms of which were not disclosed, is expected close late this quarter
The property is adjacent to Plexus's Riverside facility. During fiscal 2018, the company plans to outfit the facility to expand its service offerings for the Healthcare/Life Sciences sector, including the addition of microelectronics capabilities.
The Malaysia expansion is one of several developments the EMS company is undertaking.
It also decided to relocate its design center in Boulder, CO, to a newly constructed leased facility. The new facility will support expansion of Plexus's engineering solutions team in the Americas, as well as improve the innovation laboratories within the design center. That move will occur during the firm's fiscal third quarter ending in June.
It also recently expanded a design center in Oradea, Romania.
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