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Sanmina CEO: 'No More Closures'

Written by Mike Buetow
Thursday, 26 July 2007
SAN JOSE — Jure Sola, CEO of Sanmina-SCI, told analysts last night that the company was done shuttering PWB facilities for the year. Once the world's largest PWB fabricator, since 2001 Sanmina-SCI has closed several facilities and seen its market share and PWB revenues erode dramatically. The company recently took measures to shutter plants in Stuttgart, Germany, and Phoenix, where the former Continental Circuits plant acquired by Sanmina in 1999 will be closed later this month. "These are the last shutdowns in our printed circuit board factories," Sola remarked. "Restructuring of this business is finally behind us."

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