This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MFLEX Celebrates Its Recent Capacity Expansion Initiatives

ANAHEIM, Calif. and NEW YORK, June 8, 2011 /PRNewswire/ -- Multi-Fineline Electronix, Inc. (Nasdaq: MFLX), announced today that the company has enhanced its manufacturing operations with two new facilities that incorporate additional capacity and state-of-the-art technology. Both new facilities were built on time and within budget to meet future customer demands. MFLEX produces technologically advanced flexible circuits, component assemblies and module assemblies used in smartphones, tablets, and other consumer electronic devices.   As one of FORTUNE's 2010 "100 Fastest-Growing Companies," MFLEX will be celebrating its recent achievements by ringing the opening bell at NASDAQ on June 10, 2011.

A global leader in flex circuit fabrication, with complex electronic component assembly, and mechanical integration of intricate components and sensors, MFLEX currently operates in North America, Europe and multiple locations in Asia. The two new MFLEX facilities, located in Suzhou and Chengdu, China, together totaling over 900,000 square feet, are now on-line.  The new facility in Suzhou will primarily perform flex circuit manufacturing, while the new facility in Chengdu will perform component and module assembly.

"MFLEX has operated in China for more than 16 years and achieved success by building a talented workforce and relationships with leading OEM customers in the electronics industry," said Reza Meshgin, chief executive officer at MFLEX.  "The addition of these two new facilities increases our capacity needed to accommodate expected higher demand from our existing customer base and the expected addition of new OEM customers.  The new plants also facilitate the advancement of our technology capabilities to produce the more sophisticated flex assemblies that our OEM customers demand. Upon completing this latest phase of our expansion initiatives, we expect our annual revenue capacity to be $1.1 to $1.2 billion by the end of fiscal 2011 and approximately $1.3 billion by mid fiscal 2012."

MFLEX's early supplier involvement during concept and design stages helps OEM's achieve faster time-to-market for new products. MFLEX's supply chain reduction model using a modularization approach with a high level of interaction throughout the product lifecycle enables a consistent and predictable supply chain for global customers.  The Chengdu expansion of 290,000 square feet facility increases the Company's component and module assembly capabilities. The Suzhou expansion, a state-of-the-art 610,000 square foot facility, incorporates new roll-to-roll technology capabilities to achieve advanced high density interconnect requirements.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.65 -1.20%
FB $117.50 0.66%
GOOG $693.32 0.33%
TSLA $240.45 -2.90%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,776.11 -54.65 -0.31%
S&P 500 2,063.54 -12.27 -0.59%
NASDAQ 4,772.1850 -33.1060 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs