ORADEA, Romania, November 11 /PRNewswire/ -- Plexus Corp. , celebrated the official opening of its Oradea manufacturing site on November 10th with an event hosted by Plexus' President and CEO, Dean Foate. Guests from the local government and universities and key global suppliers were given the opportunity to tour the site and listen to presentations outlining Plexus' global vision and future regional plans.
The Oradea site team will continue to expand in the coming months. The site began production in July 2009 and it now offers Plexus' customers full turnkey solutions including printed circuit board assembly, system/higher-level assembly, test and inspection solutions, process control, RoHS compliance, component traceability, logistics and regulatory expertise.
Plexus' site in Oradea, coupled with existing manufacturing capabilities in Kelso, Scotland and design services in Livingston, Scotland, provides a flexible regional solution for delivering complete Product Realization Services to customers.
Mike Buseman, Sr. Vice President-Global Manufacturing Operations, commented, We are excited about this expansion into Central Eastern Europe and believe that the Oradea operation will significantly strengthen our customer service offering in Europe. We also believe that the Oradea facility will provide our global customers with a lower total-cost European solution, particularly for products with European end-markets. In addition, we believe it will enable us to partner with European-based OEMs seeking a global EMS solution that provides flexibility, agility and execution.
For further information, please contact: Willie MacKinnon, UK Managing Director +44-1573-227054 or firstname.lastname@example.org
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, supply chain and materials management, manufacturing, test, fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking , Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.
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 mid- to low-volume, higher-mix customer programs that require flexibility, scalability, technology and quality.
Plexus provides award-winning customer service to more than 100 branded product companies in North America, Europe and the Asia Pacific region.
Safe Harbor and Fair Disclosure Statement
The statements contained in this release which are guidance or which are not historical facts (such as statements in the future tense and statements including believe, expect, intend, plan, anticipate, goal, target and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, but are not limited to: the economic performance of the industries, sectors and customers we serve; the risk of customer delays, changes or cancellations in both ongoing and new programs; the poor visibility of future orders, particularly in view of current economic conditions; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; our ability to secure new customers, maintain our current customer base and deliver product on a timely basis; the risks relative to new customers, including our recently announced arrangements with The Coca-Cola Company, which risks include customer delays, start-up costs, potential inability to execute, the establishment of appropriate terms of agreement, and the lack of a track record of order volume and timing; the risks of concentration of work for certain customers; our ability to manage successfully a complex business model; the risk that new program wins and/or customer demand may not result in the expected revenue or profitability; the fact that customer orders may not lead to long-term relationships; the weakness of the global economy and the continuing instability of the global financial markets and banking system, including the potential inability on our part or that of our customers or suppliers to access cash investments and credit facilities; material cost fluctuations and the adequate availability of components and related parts for production, particularly due to sudden increases in customer demand; the effect of changes in the pricing and margins of products; the effect of start-up costs of new programs and facilities, including our recent and planned expansions, such as our new facilities in Hangzhou, China and Oradea, Romania; the adequacy of restructuring and similar charges as compared to actual expenses; the risk of unanticipated costs, unpaid duties and penalties related to an ongoing audit of our import compliance by U.S. Customs and Border Protection; possible unexpected costs and operating disruption in transitioning programs; the potential effect of world events (such as drug cartel-related violence in Mexico, changes in oil prices, epidemics, terrorism and war in the Middle East); the impact of increased competition; and other risks detailed in the Company's Securities and Exchange Commission filings (particularly in Part II, Item 1A of our quarterly report on Form 10-Q for the quarter ended July 4, 2009).
SOURCE: Plexus Corp.
CONTACT: Willie MacKinnon, UK Managing Director of Plexus Corp.,+44-1573-227054, email@example.com