[February 27, 2018] |
|
Nortech Systems Expanding Mexico Operations
Nortech Systems (News - Alert) (Nasdaq: NSYS), a leading provider of full-service
electronics manufacturing services (EMS), has signed a lease for a new
facility to be built in Monterrey, Mexico, approximately five miles from
the company's current location. The company plans for occupation during
the third quarter of 2018 with the transfer of operations expected by
year-end.
The Monterrey facility opened in 2001 producing wire harnesses and cable
assemblies. The facility's size, employment and capabilities have
steadily grown, including adding printed circuit board assemblies and
higher-level electronic assemblies.
"We are pleased to strengthen our capabilities with this new, larger
facility," said Matt Mahmood, chief operating officer of Nortech
Systems. "Nortech has been experiencing strong growth in Mexico and this
expansion shows our commitment to serving multinational customers across
a variety of industries with competitive, flexible manufacturing
solutions."
He added that the new facility's advantages will include enhanced
productivity, improved workflow, additional space for engineering and
increased amenities for customers and employees. The new facilty will
almost double Nortech's current footprint while providing flexibility
for future expansion.
About Nortech Systems Incorporated Nortech
Systems Incorporated (www.nortechsys.com),
based in Maple Grove, Minn., is a full-service electronics manufacturing
services (EMS) provider of wire and cable assemblies, printed circuit
board assemblies and higher-level complete box build assemblies for a
wide range of industries. Markets served include industrial, medical and
aerospace/defense. The company has operations in the U.S., Mexico and
China. Nortech Systems Incorporated is traded on the NASDAQ Stock Market
under the symbol NSYS.
Forward-Looking Statements This
press release contains forward-looking statements made pursuant to the
safe harbor provision of the Private Securities Litigation Reform Act of
1995. While this release is based on management's best judgment and
current expectations, actual results may differ and involve a number of
risks and uncertainties. Important factors that could cause actual
results to differ materially from the forward-looking statements
include, without limitation: volatility in market conditions which may
affect market supply of and demand for the company's products; increased
competition; changes in the reliability and efficiency of operating
facilities or those of third parties; risks related to availability of
labor; commodity and energy cost instability; general economic,
financial and business conditions that could affect the company's
financial condition and results of operations; as well as risk factors
listed from time to time in the company's filings with the SEC (News - Alert).
View source version on businesswire.com: http://www.businesswire.com/news/home/20180227006489/en/
[ Back To TMCnet.com's Homepage ]
|