Printer Friendly

DIGITAL EQUIPMENT CORPORATION AND AMP-AKZO SIGN P&S FOR DIGITAL'S GREENVILLE PWB FACILITY

 DIGITAL EQUIPMENT CORPORATION AND AMP-AKZO SIGN P&S
 FOR DIGITAL'S GREENVILLE PWB FACILITY
 MAYNARD, Mass. Aug. 11 /PRNewswire/ -- -- Digital Equipment Corporation (NYSE: DEC) and AMP-AKZO Corporation of Hauppauge, N.Y., today jointly announced the signing of a Purchase and Sale Agreement for Digital's Greenville, S.C. Printed Wiring Board (PWB) facility. The Greenville plant consists of approximately 300,000 square feet on almost 150 acres of land. Under the agreement, AMP-AKZO will offer employment to the employees working at the facility and will support Digital's ongoing PWB needs as one of its suppliers.
 "Our manufacturing strategy at Digital centers around investing in areas that support our core competencies and divesting ourselves of those that do not differentiate us," said Edward B. McDonough, vice president, Worldwide Manufacturing for Digital. "This sale to AMP-AKZO will allow us to proceed with that strategy and, at the same time, divest to a company that shares our values and for whom the manufacture of printed wiring boards and related products is the primary business. The Greenville facility, under AMP-AKZO's ownership, will continue to play an important part in Digital's supply chain."
 The Greenville facility began production in March of 1982. Chartered as a process-focused, high-volume, high-technology, stand-alone PWB manufacturing facility, it added the capability for research and development in printed wiring board technology in 1989.
 Edward J. Grosso, Jr., president and CEO of AMP-AKZO, commented, "The purchase of Digital's South Carolina printed wiring board business facilitates an important AMP-AKZO objective of significant participation in the upper-end, high-density, multilayer market. The purchase complements our existing additive business position in the high-volume automotive and industrial market. It also provides a unique opportunity to accelerate the market introduction of Additive PWB technology that is in development.
 "Naturally," Grosso continued, "we are also delighted to have Digital as a valued customer for printed wiring boards and to have the employees of the Greenville PWB facility as members of the AMP-AKZO family."
 AMP-AKZO Corporation provides high-quality, value-added printed circuit board materials, chemicals, processes, products and services to the electronic industry. AMP-AKZO is a joint venture of AMP, Incorporated and Akzo, n.v.
 AMP, headquartered in Harrisburg, Penn., is the world leader in electrical/electronic connection devices and application technology. With 1991 sales of over $3 billion, and over 25,000 employees in 165 facilities in 31 countries, AMP is one of the world's leading electronic manufacturers.
 Akzo is a global chemical company. In 1991, its sales exceeded $9 billion. The company has operations in 50 countries where it manufactures and markets basic and specialty chemicals, salt, man-made fibers, coatings and healthcare products. Akzo employs 65,000 people worldwide. In the U.S. and Canada, Akzo employs 10,500 people at more than 150 locations. The company is headquartered in Arnhem, The Netherlands. Its ADRs (American Depositary Receipts) are traded on NASDAQ under the symbol AKZOY.
 Digital Equipment Corporation, headquartered in Maynard,


Mass., is the leading worldwide supplier of networked computer systems, software and services. Digital pioneered and leads the industry in interactive, distributed and multivendor computing. Digital and its partners deliver the power to use the best integrated solutions -- from desktop to data center -- in open information environments.
 -0- 8/11/92
 /CONTACT: Nikki Richardson of Digital Equipment Corporation, 508-493-6369, or Frank Fuggini of AMP-AKZO Corporation, 516-231-2810/
 (DEC AKZOY) CO: Digital Equipment Corp.; AMP-Akzo ST: Massachusetts, Pennsylvania IN: CPR SU:


TM -- NE004 -- 8836 08/11/92 09:04 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 11, 1992
Words:569
Previous Article:SPECIAL PREMIERE SCREENING OF MORGAN CREEK'S COMEDY ADVENTURE 'STAY TUNED' SCHEDULED FOR AUG. 13
Next Article:COMCAST REPORTS SECOND QUARTER RESULTS; OPERATING CASH FLOW UP 23 PERCENT
Topics:


Related Articles
ASAE software vendor.
ASAE software vendor directory.
DIGITAL AND CIRCO CRAFT SIGN SALES AGREEMENT FOR PHYSICAL ASSETS OF DIGITAL'S PUERTO RICAN PWB FACILITY
PROMIS ANNOUNCES DIGITAL UNIX PLATFORM
DIGITAL AND WELSH, CARSON, ANDERSON & STOWE SIGN AGREEMENT TO MOVE DIGITAL'S LEARNING SERVICES BUSINESS TO WCAS AND FORM STRATEGIC ALLIANCE
SPIRE TECHNOLOGIES AND DIGITAL EQUIPMENT CORPORATION PARTNER ON CAPACITY PLANNING SOLUTIONS
HomePoint.com Appoints Daniel H. Christie Chief Financial Officer.
Ricoh Introduces Codehost's BrightQ Next Generation Solution for Linux and UNIX Printing.
Entercom to Convert Portland and Denver Stations to HD Radio(TM); 15 Entercom Stations Now Licensed to Use iBiquity Digital's Technology.
Esko-Graphics upgrades Dunwoody workflow.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters