APW Opens Power Supplies Manufacturing Facility In China.Business Editors WAUKESHA, Wis.--(BUSINESS WIRE)--Dec. 7, 2000 APW APW All Pro Wrestling APW Altmar Parish Williamstown (School District; Parish, New York) APW Add-Printer Wizard (Microsoft Windows) APW Augmented Plane Wave APW Apparent Polar Wander Ltd. (NYSE NYSE See: New York Stock Exchange : APW), a leading provider of integrated electronic enclosure systems, announced today that it has opened a new power supplies manufacturing facility in Shanghai, in the Peoples Republic of China (China). The management team and a work force of approximately 40 people are already in place. The Shanghai location is favorable, as APW has an existing enclosure manufacturing facility in Shanghai and there exists an available well-educated local workforce to support expansion opportunities. Richard G. Sim, Chairman and Chief Executive Officer of APW commented, "This initiative reflects APW's commitment to be close to our key global partners around the world. In this case, we are expanding our power supplies capacity in China to support Motorola and their emerging requirements". In light of the rapid overall growth China is experiencing, especially in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , APW will initially focus on supplying intra-China demand with future plans that include export sales to other Asian and global markets. As part of the APW Power Supplies group, the China operation is supported by our European Power Supplies business in the areas of design, development and manufacturing processes. APW's Power Supplies Business has 25 years of experience in designing and manufacturing power supplies for global customers. About APW Ltd. APW Ltd. is a technically enabled manufacturing services ("TEMS TEMS Terrestrial Ecosystem Monitoring Sites TEMS Tactical Emergency Medical Support TEMS Toyota Electronic Modulated Suspension TEMS Tactical Emergency Medical Services (EMS) TEMS Total Electronic Migration System ") company that designs and manufactures large, complex infrastructure products for OEM's in the communications, computing and Internet markets. APW Ltd. has particular skills in the areas of manufacturing enclosures, thermal management, power supplies and backplanes; as well as core competencies in product and system design, integration and supply chain management. APW Ltd. operates in over 40 locations throughout the Americas, Europe and Asia. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain of the above comments represent forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Management cautions that these projections are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. APW Ltd.'s results are also subject to general economic conditions, continued market acceptance of the Company's new product introductions, the successful integration of recent acquisitions, operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: risk due to competitive pricing, foreign currency fluctuations and interest rate risk. See our Form 10 filing for information on risk factors. |
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