Cisco Systems, Inc. Announces Plans to Acquire Facility in New Hampshire for Proposed Manufacturing Site.Business Editors/High-tech Writers CHELMSFORD, Mass.--(BUSINESS WIRE)--May 10, 2000 674,000 Square Feet Marks the Newest Cisco Manufacturing Site, Which is Expected to Grow Up to 2500 Employees Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc., today announced that it has entered into an agreement to acquire approximately 110 acres of property in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). . The proposed New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Manufacturing Center will be located within the town limits of Salem, New Hampshire Salem is a town in Rockingham County, New Hampshire, United States. The population was 28,112 at the 2000 census. Salem is a marketing and distributing center, with several colleges, recreation attractions and a large shopping mall, the Mall at Rockingham Park. approximately 40 miles northwest of Boston. Cisco's newest manufacturing site is part of the company's plans for expansion and substantial growth in New England and is in addition to the recently announced New England Development Center in Massachusetts. This new facility consists of 674,000 square feet of office and manufacturing space, which will be converted into a state-of-the-art facility. "The tremendous demand for Internet technology, specifically, the growth in optical network solutions has created the need for this most recent expansion in manufacturing", said Carl Redfield, senior vice president of manufacturing, Cisco Systems. "New England continues to be a source of great talent for Cisco and we are planning extensive recruitment in this region. Our five year history in New England has been very productive and we are taking responsible steps now to prepare for our future growth." "Cisco is a well-known leader in the Internet world. Its decision to manufacture next generation Internet See Internet2. products in New Hampshire is a clear indication of the strength of our economy," said Governor Jeanne Shaheen Jeanne Shaheen (born January 28, 1947) was the first woman to be elected governor of the U.S. state of New Hampshire. She has most recently served as Director of the Harvard Institute of Politics, before resigning to run for the United States Senate in the 2008 elections. . "I am pleased that state government was able to assist Cisco in its efforts." New England Manufacturing Center The new manufacturing center will be utilized for test and assembly, and distribution of Cisco products globally. For example, products such as next generation optics-based routers and networking solutions will be built in the new facility. These high-end optical products are used for high capacity movement of information, including data, voice, and video. Up to 2,500 new jobs will be created within the next five years to support the new manufacturing center. New jobs available will include, optical manufacturing technologists, component engineers, technicians, multiple levels of management, and production managers. Cisco's business is considered "clean industry," primarily providing high skill, high wage engineering and computer science jobs. Specific services have not yet been determined for the new facility. Existing Cisco campuses include on-site dining, ATM, health and fitness facilities, company store and other personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. and amenities. Cisco expects to provide a similar array of personal services on the new site for its employees. Location The new Cisco manufacturing facility is comprised of 674,000 square feet of open office and manufacturing space. The facility is located on 110 acres of land at 9 Northeastern Boulevard, Salem, New Hampshire, adjacent to Exit 2, off of Route Interstate 93. Interior improvements will be performed to bring this facility to up to par with Cisco's state-of-the-art manufacturing standards. Cisco in New England Cisco in New England currently has several primary locations: Chelmsford, Lowell and Lexington Massachusetts. Currently, the 2200-person employee base represents Cisco's Service Provider Line of Business, and up to 20 other business organizations, including the software group. There have been eleven New England based acquisitions since 1994, in the total amount of $9.9 billion dollars. Cisco's recruitment efforts in New England have been substantial in the areas of software engineering, application consultants, hardware engineering and marketing. Cisco Systems began in 1984 and today has $18 billion in annual sales and a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of over $435 billion. Cisco Systems employs approximately 29,000 employees worldwide. Cisco has a significant presence in strategic technology centers in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , North Carolina's Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , Texas and Virginia in the United States. About Cisco Systems Cisco Systems (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) is the worldwide leader in networking for the Internet. Cisco news and information are available at http://www.cisco.com. Note to Editors: Cisco, Cisco IOS, Cisco Systems, the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and other countries. Connected Family is a service mark of GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Service Corporation. All other trademarks mentioned in this document are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion