NEENAH, WI -- Plexus Corp. has entered into a definitive agreement to purchase a manufacturing facility in Penang, Malaysia, bringing its total there to three. Production is expected to begin late in the second
quarter of fiscal 2007.
Plexus will invest $13 million to build new offices and laboratories for the 364,000 sq. ft. facility, which is located on a 23-acre site. Construction is expected to be completed in the first fiscal quarter of 2007.
The company will also spend some $25 million in fiscal 2007 on improvements and expansion of the
building, machinery and equipment.
The plant brings Plexus' manufacturing capacity in Malaysia to approximately
630,000 sq. ft.
In a statement, Plexus vice president-Asia operations Y.J. Lim, said, "We and
our customers are extremely pleased with the high level of manufacturing and
engineering expertise of our team in Malaysia and with their on-time
performance. Advanced design, manufacturing and logistics solutions are
increasingly important to our global customers. This new facility will allow
us to increase our ability to offer such solutions in Asia."