CTS Corporation Opens New Manufacturing Facility in Tianjin, China.Business Editors ELKHART, Ind.--(BUSINESS WIRE)--March 16, 2000 Continuing the CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . Corporation strategy of 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 , Joseph P. Walker, Chairman of the Board, President and Chief Executive Officer, today announced the opening of a new Interconnect Systems facility in Tianjin, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, to support the growing needs of the communications infrastructure market. The new China facility will be set up as an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of CTS' Interconnect System business, headquartered in Glasgow, Scotland. CTS Interconnect Systems also has a manufacturing facility in Hudson, New Hampshire Hudson is a town in Hillsborough County, New Hampshire, USA. The population was 22,928 at the 2000 census. History Hudson began as part of the Dunstable Land Grant that encompassed the current city of Nashua, New Hampshire, as well as Dunstable and Pepperell, to serve both communications equipment and computer equipment customers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The new CTS China operation will build on the already significant business CTS has established in the high-growth Asian telecommunications market. The new facility will operate as a manufacturing and distribution center for CTS Interconnect Systems' backpanel and high-level systems integration business. It will initially focus manufacturing efforts on supporting the wireless base station business, which is forecasted by industry experts to grow significantly over the next several years. Ian Archer, Vice President and General Manager of CTS Corporation, Interconnect Systems, stated, "CTS will leverage the new China facility to meet the local sourcing needs of our existing and expanding customer base in the region. Furthermore, it positions CTS to provide a cost-effective, high quality manufacturing capability that enhances our global supply chain model." CTS Corporation Interconnect Systems is one of the world's largest suppliers of backpanel and electronic system (boxbuild) assemblies, with manufacturing facilities both in the United Kingdom and the USA, supported by worldwide distribution hubs. With the new China Interconnect operation, CTS will have a total of three manufacturing facilities in the People's Republic of China, encompassing a total of 211,000 sq. ft. of manufacturing space, and employing nearly 3,000 persons. CTS Corporation (NYSE NYSE See: New York Stock Exchange :CTS) designs, manufactures and sells a broad line of electronic components and custom electronic assemblies 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 customers primarily in the communications equipment, automotive and computer equipment markets worldwide. CTS operates manufacturing facilities in the United States, Canada, Mexico, Scotland, Singapore, Taiwan and China. For additional information, visit our website at www.ctscorp.com. |
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