KELSO, Scotland, March 26 /PRNewswire/ --
Plexus Corp. (Nasdaq: PLXS), announced today that it intends to enter into a lease agreement on a building located in Tweedside Park, Tweedbank, Galashiels. This facility will consolidate other leased locations in the region and incrementally add an additional 25,000 sq ft of manufacturing space required for recent program wins from both new and existing customers. The additional space will support Mechatronics assembly with logistics services and will increase Plexus' overall footprint in the UK to 100,000 sq ft. It is anticipated that the facility will be ready for production by April 2009 and will employ approximately 50 people by December 2009.
Willie MacKinnon, UK Managing Director, commented, This expansion provides an exciting opportunity for Plexus and its employees in the UK and shows our ongoing commitment to the area. It also demonstrates our ability to attract new opportunities, despite the economic downturn. This is largely due to our experience and professionalism in delivering world-class service offerings to our customers as we continue our vision to be the best EMS Company in the world in the mid- to low-volume, higher-mix segment of the market.
Combined with Plexus' current Kelso, Scotland manufacturing facility, their new manufacturing facility in Oradea, Romania and their design services capabilities in Livingston, Scotland, this new location will further Plexus' ability to deliver the best regional value proposition for its customers by providing an EMS solution that delivers flexibility, agility and world-class execution.
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 Asia.
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, including, but not limited to: the risk of customer delays, changes or cancellations in both ongoing and new programs; our ability to secure new customers and maintain our current customer base and deliver product on a timely basis; the poor visibility of future orders, particularly in view of current economic conditions; the economic performance of the electronics, technology and defense industries; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; the risks relative to a new confidential customer in the Industrial/Commercial sector, including customer delays, start-up costs, our potential inability to execute and lack of a track record of order volume and timing; the risks of concentration of work for certain customers; the increasing weakness of the global economy and the continuing instability of the global financial markets and banking system, including the potential inability of us or 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; the effect of changes in average selling prices; the effect of start-up costs of new programs and facilities, including our recent and planned expansions; the adequacy of restructuring and similar charges as compared to actual expenses, including the announced closure of our Ayer, MA facility and workforce reductions at our Juarez, Mexico facility; the degree of success and the costs of efforts to improve the financial performance of our Mexican operations; possible unexpected costs and operating disruption in transitioning programs; the costs and inherent uncertainties of pending litigation; the potential effect of world events (such as changes in oil prices, 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 January 3, 2009).
Willie MacKinnon, UK Managing Director of Plexus Corp., +44-1573-227054, email@example.com