Lite-On Mobile / Perlos to close Reynosa Manufacturing facility in Mexico
Lite-On Mobile Corporation / Perlos, a global design and manufacturing partner for the telecommunications and electronics industries, announced today a restructuring plan for its manufacturing operations in response to the drop in market demand. The Company intends to completely shut down the Reynosa manufacturing facility by the end of 2011. The capacity will be transferred to Asia for continuing production. As a result, overall asset utilization and operational efficiency will be improved.
Cor Saris, Chief Executive Officer, explained the considerations behind the Company’s decision. “Overall demand for Reynosa manufacturing operations have decreased due to a strategic decision of our major customer. Manufacturing in Reynosa is no longer economically feasible, consequently requiring a complete shutdown of the facility.”
“Business decisions that directly impact the lives of our employees are extremely difficult,” says Cor Saris. “This action is necessary, however, for better overall asset utilization of Lite-On Mobile.”
The company will work with appropriate government agencies, communities, and the Lite-On Mobile / Perlos union to help make the transition for all affected employees as smooth as possible. Lite-On Mobile / Perlos will also support its current Reynosa customers and partners with a transition plan.
Lite-On Mobile Contacts:
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Katja Kumpulainen, Marketing Director
katja.kumpulainen@liteonmobile.com / +358407222829
About Lite-On Mobile
Lite-On Mobile / Perlos is a global design and manufacturing partner for the telecommunications and electronics industries. The service offering covers the whole product life cycle from product design to manufacturing, logistics and new product versions. The production facilities are located in Asia and Americas. The company employs 14,000 people. In 2010, Lite-On Mobile Corporation's net sales were EUR 569 million. Perlos is a part of Lite-On Group since November 2007.
www.liteonmobile.com