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LOUISVILLE, KY — Sypris Solutions today reported a net loss of $2.3 million on revenue of $116.2 million for its second quarter ended July 1, in line with company expectations. The loss includes $700,000 in legal and other expenses related to the bankruptcy of a large customer.
SHENZHEN – DEK says its latest manufacturing facility, opening in Shenzhen this month, is expected to account for half its worldwide production by the end of this year.
The facility, part of DEK’s ongoing capacity expansion program designed to support customers in Asia, will at first focus on producing entry-level and medium-range printer platforms.
“China is an extremely important Asian market for DEK, which is why we believe that the opening of the new Shenzhen manufacturing facility is such a positive step,” said CEO John Hartner in a statement.
The company will hold an opening ceremony Aug. 27, with local government officials, international media, and Asian customers and suppliers invited.
The facility, part of DEK’s ongoing capacity expansion program designed to support customers in Asia, will at first focus on producing entry-level and medium-range printer platforms.
“China is an extremely important Asian market for DEK, which is why we believe that the opening of the new Shenzhen manufacturing facility is such a positive step,” said CEO John Hartner in a statement.
The company will hold an opening ceremony Aug. 27, with local government officials, international media, and Asian customers and suppliers invited.
Those who would like to attend the Shenzhen opening may contact Louise Fang at lfang@dek.com.
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