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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