Finisar Expands Manufacturing Capacity With Opening of New Plant in Wuxi, China
Ribbon-Cutting Ceremony Held Today; New Production Facility Adds
Significant Manufacturing Capacity of Optical Components
SUNNYVALE, CA and WUXI, CHINA -- (Marketwired) -- 10/15/13 --
Finisar Corporation (NASDAQ: FNSR) today held a grand opening and
ribbon-cutting ceremony for its new state-of-the-art production
facility in Wuxi, China. Located in Jiangsu Province, about one hour
from Finisar's Shanghai plant, the event was attended by government
officials, executive management, and many local employees. The land
provides 550,000 square feet of open space and will house two new
multi-level buildings. The first building is now open and the second
building will begin construction by the end of 2013. This facility
will focus primarily on the manufacture of tunable and parallel
transceivers, WSS modules, ROADM line cards, passive components, and
high-end optical subassemblies used in VCSELs and detectors.
"As the demand for high-speed optical products continues, our new
Wuxi facility will add much needed manufacturing capacity in China,"
said Jerry S. Rawls, Executive Chairman of Finisar. "Finisar will
continue to invest in the infrastructure required to give our
customers critical access to products as market demands increase. We
are very proud of our local management team and employees that have
worked so hard to make this a reality."
"The addition of the Finisar Wuxi plant is a great example of our
worldwide manufacturing strategy which supports continually
increasing levels of high volume production along with competitive
production costs," said Joe Young, Executive Vice President of Global
Operations. "We are confident that the Wuxi facility will match the
quality and performance of other Finisar plants around the globe that
our customers are accustomed to."
This year, Finisar is also celebrating its 25 year anniversary in the
optical communications industry and the opening of the Wuxi facility
is a significant highlight. Finisar is one of only a few optics
companies to operate its own manufacturing sites which allow the
ability to quickly ramp up volumes and shift production from one
product to another as needed. Finisar Wuxi joins other Finisar
manufacturing sites wo
rldwide, including Ipoh, Malaysia; Shanghai,
China; Fremont, California; Allen, Texas; and Jarfalla, Sweden.
Finisar Corporation (NASDAQ: FNSR) is a global
technology leader for fiber optic subsystems and components that
enable high-speed voice, video and data communications for
telecommunications, networking, storage, wireless, and cable TV
applications. For 25 years, Finisar has provided critical optics
technologies to system manufacturers to meet the increasing demands
for network bandwidth. Finisar is headquartered in Sunnyvale,
California, USA with R&D, manufacturing sites, and sales offices
worldwide. For additional information, visit www.finisar.com.
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