Red Rocket Seeks Capital for EMS Expansion
Published: 28 October 2008
by Mike Buetow
The privately held company also unveiled plans to seek private placement equity from partners, customers and other investors.
In a press release, James B. Schultz, Red Rocket president and CEO, said, “EMESD positions our company to partake in the rapid growth from $5 billion today to estimated over $18 billion by 2012 in India electronics and electrical product manufacturing for export."
CPIPL, Red Rocket’s wholly owned subsidiary, includes a 100,000 sq. ft. facility in Mumbai. The company purchased the site from Jabil Circuit last year.
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