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Plexus Earns $350 Million from Penang Plant |
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Written by Philip Buonpastore
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Thursday, 10 January 2008 |
PENANG, MALAYSIA - The Star Online reports that Plexus has earned over $350 million in revenue for its Penang operations for fiscal year 2007.
CEO Dean Foate said this figure constituted more than 23% of its $1.5
billion revenue for FY07. “We aim in the next four to five years to
double our revenue to $3 billion, and anticipate a growth rate of 15%
to 18% (during that period),” he told a press conference.
Foate said that Plexus had invested $79 million in its Penang
operations in the past six years, and Plexus Asia-Pacific president
Y.J. Lim said the company had increased its presence from one building
to three plants, in addition to adding a new Asia Technology Center,
which houses the company's Asian headquarters.
Penang represents about 30% of the company’s global operations, making it Plexus' largest base in Asia. |
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