SINGAPORE, Sept. 27 /PRNewswire/ -- Flextronics (Nasdaq: FLEX), a global provider of operational services focused on delivering design, engineering, manufacturing and logistic solutions to branded technology companies, today announced it will take over the manufacture of Hewlett-Packard Company's large-format printers in Singapore. As part of the move, Flextronics will provide employment to HP's 250 production staff and will operate independently within the HP-owned facility. Flextronics will be responsible for the full assembly of HP's large-format printers.
"Flextronics has been manufacturing low- to mid-range printers for some time, and we are excited about manufacturing higher technology printers for HP," stated Michael E. Marks, Chairman and Chief Executive Officer of Flextronics.
"This move is part of HP's ongoing efforts to improve the competitiveness of its cost structure and enhance manufacturing flexibility," said Mike Fawkes, Vice President of Worldwide Operations, Consumer Business Organization. "We are pleased that HP employees will now work for Flextronics as it benefits them and provides continuity of service for the manufacturing process."
Headquartered in Singapore, Flextronics is a world-class Electronics Manufacturing Services (EMS) provider focused on delivering operational services to branded technology companies. With fiscal year 2001 revenues of USD$12 billion and approximately 70,000 employees, Flextronics is a major global operating company with design, engineering, manufacturing and logistics operations in 27 countries and four continents. This global presence allows for manufacturing excellence through a network of facilities situated in key markets and geographies that in turn provide its customers with the resources, technology and capacity to optimize their operations. Flextronics' ability to provide end-to-end operational services that includes innovative product design, manufacturing, IT expertise and logistics has established the Company as a top-tier EMS provider. For further information, please visit the Flextronics Web site at www.flextronics.com.