2009-11-09 14:56:03 -
London, November , 09, 2009
Kitron's board of directors approved early November the proposal from
the administration to establish a manufacturing unit in China.
"The decision comes as a consequence of discussions with our global
customers having a need for our services in the Asia region", says
CEO Jørgen Bredesen of Kitron ASA.
The plant will be located in the greater Shanghai region, with
proximity to Kitron's sourcing office in Ningbo. Low complex products
are planned for manufacturing from third quarter 2010. The expansion
will mean another 4000 sqm of combined office and manufacturing
facilities and offer Kitron a substantial larger total market.
"We are happy to be able to open another low cost facility further
strengthening our competitive edge and to follow our global customers
to Asia", says CEO Jørgen Bredesen of Kitron ASA.
9 November 2009
Kitron ASA
For further information, please contact:
Jørgen Bredesen, CEO of Kitron ASA, phone: (+47) 4825 2584, or
e-mail: jorgen.bredesen@kitron.com
Kitron is one of Scandinavia's leading companies in development,
industrialisation and manufacturing of electronics for the
Data/Telecoms, Defence/Offshore, Medical equipment and Industry
sectors. The company is located in Norway, Sweden and Lithuania.
Kitron had a revenue of about NOK 2.3 billion in 2008 and has about
1,100 employees. www.kitron.com
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