MINNEAPOLIS--(BUSINESS WIRE)--
Nortech Systems (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 facility 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.
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