CMC Industries Starts Production in Hermosillo, Mexico.SANTA CLARA, Calif.--(BUSINESS WIRE)--June 9, 1998--CMC Industries Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMCI CMCI Constant Maturity Commodity Index (investing) CMCI Cable Modem to CPE Interface (Sprint) CMCI Computer and Math Citation Index CMCI CM Consulting and Investigations ) today announced that its new 55,000 square foot manufacturing facility located in Hermosillo, Mexico has commenced production. The Hermosillo, Mexico plant will manufacture products for OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and vendors in the telecommunications, data communications, computer and other electronics industries. The recent expansion adds a state-of-the-art electronic SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management and "Box Build" assembly manufacturing facility to CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. Industries to support new and existing business. The company also announced that the Hermosillo facility is currently undergoing construction to provide an additional 46,500 square feet. This expansion is expected to reach completion by August of 1998, bringing total manufacturing space to 101,500 square feet. "CMC takes great pride in listening and reaching out to our customers and their needs. Moving into Mexico fulfills a significant part of the manufacturing and logistics strategies of our growing customer base for both globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. ," stated Matthew Landa, president and chief executive officer. "CMC's ability to provide OEMs with high quality production and total customer satisfaction has led to tremendous growth over the course of the past two years. Mexico is part of our commitment to provide a full global solution to our customers and is part of CMC's drive toward complete customer satisfaction." Headquartered in Santa Clara, CMC Industries is a leading provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). to original equipment manufacturers in the telecommunications, computer and electronics industries. The company has operations in Corinth, Miss.; Santa Clara, Calif.; Hermosillo, Mexico; Huntsville, Ala.; and Taipei, Taiwan. For further information, visit CMC's home page at http//www.cmcindustries.com. The matters set forth in this news release may contain forward looking statements. Actual results may differ materially from those described herein and are dependent on certain risks and uncertainties including, but not limited to, the timing and magnitude of orders from customers with projects currently in development, continued orders and growth in orders from customers already in volume production, the ability of the company to accurately forecast the timing and magnitude of future customer orders and appropriately adjust its expenditures in respect thereof, changes in customer mix and volume, competition, component availability, inventory obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , business conditions in the general economy as well as the industries in which the company and the company's customers compete and other risk factors such as those detailed in the company's SEC reports. CONTACT: CMC Industries Inc. Andrew Moley, 408/982-9999 ext. 503 or Morgen-Walke Associates Inc. Carolyn Bass, Jim Byers, Doug Sherk, 415/296-7383 Sandra Badurina, Karen Amlong, 212/850-5600 |
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