(2009-11-09) 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:
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