Merix Announces Completion of Huiyang, China Expansion
November 19 2008 - 1:23PM
Marketwired
Merix Corporation (NASDAQ: MERX), a leading provider of advanced
high-reliability printed circuit boards, today announced that an
expansion and technology upgrade in their Huiyang, China (HY)
factory is complete. Over the past two years, Merix has invested
over $23 million in the HY expansion. The result is a 400 thousand
square foot facility that has roughly three times the inner-layer
manufacturing capacity when compared to a year ago.
The Merix HY facility can manufacture approximately 80% of the
standard multilayer technology produced in Merix' higher technology
North American factories. The installation of advanced
manufacturing equipment combined with the process engineering
expertise allows for the precise mechanical registration and high
quality for which Merix is known in the industry. In conjunction
with Merix' North American footprint, the expansion creates a
unique and differentiated service offering of prototype and
pre-production capabilities in North American factories that can be
seamlessly transitioned to lower cost volume production in
China.
"The strategy we embarked upon fifteen months ago has become a
reality," said Michael D. Burger, President and CEO of Merix
Corporation. "When combined with our recently completed global ERP
system, we believe that this expansion uniquely equips Merix to
provide our customers exceptional value through cost and
time-to-market reduction while retaining Merix' reputation for
high-reliability."
About Merix
Merix is a leading manufacturer of technologically advanced
multilayer rigid printed circuit boards for use in sophisticated
electronic equipment. Merix provides high-performance materials,
quick-turn prototype, pre-production and volume production services
to its customers. Principal markets served by Merix include
communications and networking, computing and peripherals, test,
industrial and medical, defense and aerospace and automotive end
markets in the electronics industry. Additional corporate
information is available on the internet at www.merix.com.
Forward-Looking Statements
This release contains "forward-looking statements" within the
meaning of the Securities Litigation Reform Act of 1995 relating to
the Company's business operations and prospects and are made
pursuant to the safe harbor provisions of the federal securities
laws. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those anticipated by these forward-looking statements. The
forward-looking statements in this news release are based on
current expectations, and Merix Corporation does not undertake to
update any such factors or to publicly announce developments or
events relating to the matters described herein.
Merix Investor Relations Contact: Allen Muhich Vice President -
Finance 503.716.3700
Merix (MM) (NASDAQ:MERX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Merix (MM) (NASDAQ:MERX)
Historical Stock Chart
From Jul 2023 to Jul 2024