NOVI, Mich., May 22, 2018 /PRNewswire/ -- Stoneridge,
Inc. (NYSE: SRI) announced today that it will be moving its current
facility in Suzhou, China to a
new, larger facility, approximately 18 kilometers east of its
current location. This new facility will enable the company to
expand its operations to accommodate the growing demand for its
products.
"The new facility will allow us to expand production with an
enhanced layout and plant infrastructure, helping to achieve
significant improvements in our manufacturing capabilities and
processes," said Jon DeGaynor,
president and CEO, Stoneridge. "Our employees and customers
will benefit from a world class facility that enables greater
collaboration and communication. With greater access to top talent
in the Suzhou area, this will allow us to build on and further
develop our existing engineering and technical capabilities.
We remain committed to delivering quality products on time to our
valued customers during this transition."
The move will begin in October
2018 and is expected to be completed by September 2019.
To learn more about Stoneridge and its product offerings, please
visit Stoneridge.com.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered
in Novi, Michigan, is an
independent designer and manufacturer of highly engineered
electrical and electronic components, modules and systems
principally for the automotive, commercial vehicle, motorcycle,
agricultural and off-highway vehicle markets. Additional
information about Stoneridge can be found at
Stoneridge.com.
View original
content:http://www.prnewswire.com/news-releases/stoneridge-moves-china-operations-to-accommodate-growing-demand-300652766.html
SOURCE Stoneridge, Inc.