| Plexus Expanding to Hangzhou |
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| Written by Mike Buetow | |||
| Wednesday, 03 September 2008 04:53 | |||
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NEENAH, WI – Plexus Corp. has signed a deal to lease approximately 106,000 sq. ft. in the Binjiang Hi-Tech Park located in Hangzhou, China. Production is expected to begin late in the first quarter of fiscal 2009.
The company did not disclose the value of the investment or other details. The location will be the third for Plexus in Asia, adding to the current footprint in Xiamen, China, and Penang, Malaysia. This expansion brings Plexus' total footprint in Asia to approximately 948,000 sq. ft. In a press release, regional president - Plexus Asia Pacific Y.J. Lim said, " Proximity to customers and the supply chain in the greater Shanghai area will support our growth prospects in this region. It will also provide us with greater opportunity to tap into the broad availability of technical talent from the strong education system in the Hangzhou area, setting the stage for future growth in our engineering services offering."
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| Last Updated on Wednesday, 03 September 2008 06:46 |
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