WOODRIDGE, IL – The Morey Corp. today announced a major expansion of manufacturing capacity at its headquarters, with groundbreaking this month and completion projected for next June. The expansion will nearly double the existing facility’s manufacturing space, which, coupled with planned factory automation upgrades, will improve capacity by an estimated 280%.
MORGAN HILL, CA – Flextronics has signed a lease on a 155,520 sq. ft. building in a local business park and will hire 400 workers to build solar panels.
Flextronics officials signed a seven-year sublease for the building. Plans call for workers to begin in 30 to 45 days, the park development director said.
The building is located in the Madrone Business Park.
SHENZHEN – Wong’s Kong King International reported first-half revenues of HK$2.3 billion ($295 million), up from HK$1.99 billion ($256 million) last year. The operating profit was HK$102 million, up from HK$96 million. The net profit rose to HK$66.7 million, up 20.7%.