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DGAP-News: Plexus Announces Engineering Expansion in Germany
ID: 306658
(firmenpresse) - Plexus Corp.
30.11.2010 22:01
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NEENAH, Wis., Nov. 30, 2010 (GLOBE NEWSWIRE) -- Plexus Corp. (Nasdaq:PLXS),
announced that it has entered into an agreement to lease an approximately
15,000 sq ft space in the Europa Arkaden building in Darmstadt, Germany. The
space will house a design center including engineering offices and product
development facilities consistent with other Plexus design centers around the
globe that provide Engineering Solutions to electronics OEMs (Original
Equipment Manufacturers). The Darmstadt Design Center is expected to be
operational in March 2011.
Steve Frisch, Regional President - EMEA (Europe, Middle East, Africa), who will
be located in Darmstadt, commented, 'We are committed to expanding our presence
in the EMEA region to enable us to meet our longer-term growth goals. The
opening of our design center in Darmstadt is in alignment with our EMEA growth
strategy, and it represents another significant milestone for Plexus as we
continue to expand our global Engineering Solutions capabilities. Coupled with
our existing Engineering Solutions in Livingston, Scotland and our
Manufacturing Solutions in Scotland and Romania, the Darmstadt Design Center is
a vital location that will strengthen our fully integrated Product Realization
Value Stream Solutions in the EMEA region. We believe that this expansion of
our footprint and service offering will further enhance our position to be the
leader in the mid-to-low volume, higher complexity market space.'
Plexus currently offers customers world-class Engineering Solutions from five
global design centers. This sixth engineering team in Darmstadt will join over
350 engineers globally and will offer a full suite of design solutions for
customers across Plexus' key market sectors.
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 services model seamlessly integrates innovative product
conceptualization, design, commercialization, manufacturing, fulfillment, and
sustaining 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.
The Plexus Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7065
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 effect of start-up costs of new programs and facilities, including our new
office and facility in Darmstadt, Germany and other recent and planned
expansions in Hangzhou, China, Oradea, Romania, and Penang, Malaysia; the
economic performance of the industries, sectors and customers we serve; the
risk of customer delays, changes, cancellations or forecast inaccuracies 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 risk that our revenue and/or
profits associated with customers who have been recently acquired by third
parties will be negatively affected; the risks relative to new customers,
including our arrangements with The Coca-Cola Company, which risks include
customer delays, start-up costs, potential inability to execute, the
establishment of appropriate terms of agreements, 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 effects of the current constrained supply
environment, which has led and may continue to lead to periods of shortages and
delays in obtaining components based on the lack of capacity at some of our
suppliers to meet increased demand, or which may cause customers to increase
forecasts and orders to secure raw material supply or result in our inability
to secure raw materials required to complete product assemblies; raw materials
and component cost fluctuations particularly due to sudden increases in
customer demand; the risks associated with excess and obsolete inventory,
including the risk that inventory purchased on behalf of our customers may not
be consumed or otherwise paid for by customer resulting in an inventory
write-off; 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; the effect of changes in the pricing and
margins of products; 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 or local events or other
events outside our control (such as drug cartel-related violence in Mexico,
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 I, Item 1A of our annual
report on Form 10-K for the fiscal year ended October 3, 2009).
CONTACT: Plexus Corp.
Ginger Jones, Vice President, Chief Financial Officer
920-751-5487
ginger.jones(at)plexus.com
News Source: NASDAQ OMX
30.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Plexus Corp.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US7291321005
WKN:
End of Announcement DGAP News-Service
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Bereitgestellt von Benutzer: EquityStory
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Sprache: Deutsch
News-ID 306658
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Kategorie:
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