PIESTANY, SLOVAKIA – GPV has entered a lease agreement for a new electronics factory here in close proximity to its two existing factories in Slovakia. The additional factory is expected to start production from early 2024.

The new factory comprises of a total of 18,000 sq. m., and the company will initially use 11,000 sq. m. with the option to expand and use the additional space at a later stage if needed.

In a release announcing the move, GPV said customers have been requesting additional production capacity in Europe, and after GPV's merger with Enics in October 2022, the company managed to expand production capacity to better accommodate customer needs in the short time while continuing to look for a possibility to establish additional production capacity in Europe.

“With the additional space in Slovakia, we will have an even stronger operational footprint in best-cost Europe. We have a strong pipeline driven by increased demand from satisfied customers and we have a strategic ambition to regionalise European demand also in the light of the ESG agendas. Furthermore, we experience a big appetite towards best-cost Europe from existing and new potential customers, who wish to be served close to their core markets,” said Bo Lybæk. CEO at GPV.

The company said the additional factory will strengthen its site profile to respond with the requirements from the European core regions, and it will pave the road to support the growth in the coming years.

“We expect to be able to combine the strengths from our 19 existing Operating Business Units to further increase our competitiveness in the high-mix EMS market. I look forward to following the process, and I see this as an important strategic step in strengthening our operational footprint to serve our customers even better,” Lybæk said.

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