Solectron (NYSE:SLR)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Solectron Charts. Click Here for more Solectron Charts.](/p.php?pid=staticchart&s=NY%5ESLR&p=8&t=15)
Solectron Corporation (NYSE:SLR), a leading provider of integrated
electronic supply chain services including design, manufacturing and
aftermarket services, today announced the expansion of Solectron’s
Shanghai, China product development facility. The facility will provide
complete product development services, supporting growing customer
demand for fast, cost-effective product development capabilities.
The expanded site will focus on product development services for
original equipment manufacturers (OEMs) of telecommunication, computing,
storage and consumer electronics products. Shanghai is an important
region for product development services, helping OEMs update product
portfolio designs, shorten design cycles and meet time-to-market
requirements located near Solectron’s mega
site manufacturing locations in Suzhou and Shenzhen, China. By locating
product development and manufacturing in close proximity, Solectron will
provide customers with system level design, new product introduction
(NPI) and full volume production capabilities throughout China.
“Solectron continues to invest in expanding
its design and engineering capabilities globally by market segment,
including medical, telecommunications, consumer electronics and other
sectors," said Dave Purvis, executive vice president and Chief Technical
Officer, Solectron. "We are seeing tremendous demand for complete
product development services in China, and our expansion in Shanghai
will apply our extensive experience in providing full product
development services to meet growing customer needs."
Solectron expects to hire more than 100 engineers to support the growth.
Since 1996, Solectron has operated in China, and today operates nine
different facilities throughout China.
Safe Harbor
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, including, but not
limited to, the ability to successfully serve customer’s
seeking Solectron’s design and engineering
capabilities. These forward-looking statements involve a number of risks
and uncertainties, and are based on current expectations, forecasts and
assumptions. Actual outcomes and results could differ materially. These
risks and uncertainties include: unanticipated challenges relating to
manufacturing medical products; supply chain management and logistics
issues; product issues or problems relating to the design of the
product; business disruptions; the present and future strength of the
worldwide economy overall, and the market for this medical product in
particular; variations in demand forecasts and orders; and our ability
to retain key personnel. For a further list and description of risks and
uncertainties, see the reports filed by Solectron with the Securities
and Exchange Commission. Solectron disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
About Solectron
Solectron Corporation is one of the world’s
largest providers of complete product lifecycle services. We offer
collaborative design and new product introduction, supply chain
management, Lean manufacturing and aftermarket services such as product
warranty repair and end-of-life support to leading customers worldwide.
Solectron works with the world's premier providers of networking,
telecommunications, computing, storage, consumer, automotive,
industrial, medical, self-service automation and aerospace and defense
products. The company's industry-leading Lean Six Sigma methodology
(Solectron Production System™) provides OEMs
with quality, flexibility, innovation and cost benefits that improve
competitive advantage. Based in Milpitas, Calif., Solectron operates in
more than 20 countries on five continents and had sales from continuing
operations of $10.6 billion in fiscal 2006. For more information, visit
us at www.solectron.com.
Note: SOLECTRON and the Solectron logo are registered trademarks of
Solectron Corporation. The Solectron Production System, SPS, and
Solectron Supply Chain Solutions Suite are also trademarks of Solectron
Corporation. Other names mentioned are trademarks, registered trademarks
or service marks of their respective owners.