Oct 15 2009
Signing Ceremony Held to Recognize Flextronics, Wuzhong Government Collaboration
In a signing ceremony held today with Suzhou Wuzhong Economic Development Zone and Jiangsu Wuzhong Export Processing Zone, Flextronics (Nasdaq: FLEX) announced that it will expand its presence in China through the development of a new facility in Wuzhong. The new facility will support the growing demand for computing products in China and will include a design center and extended manufacturing capabilities in the Wuzhong Export Processing Zone (WEPZ). The design center will be completed by the end of 2009 and the manufacturing facility is expected to be completed by the end of 2010.
In addition to the present manufacturing facility in Wujiang, Suzhou, Flextronics currently also has computing design centers in Shanghai and Wujiang (Suzhou). Wuzhong will be positioned as the company's main development center in China for computing products.
"Today's signing ceremony is an important event that allows Flextronics and Wuzhong government officials the opportunity to share the vision of this design center and discuss its significance in supporting China's market growth for notebooks and desktop products," said Sean Burke, president, Flextronics Computing. "We are pleased to announce this expansion and believe that Wuzhong is an excellent location based on its world-class infrastructure, supply chain ecosystem and close proximity to Suzhou's Higher Education Center, which has a reputation for excellent education programs and highly-skilled talent."
Source: http://www.flextronics.com/