Deswell Industries Inc. Expands Dongguan Facility.Business Editors HONG KONG--(BUSINESS WIRE)--March 20, 2003 Deswell Industries, Inc. (Nasdaq: DSWL) today announced the further expansion of its plastic injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. operation in Dongguan, China. The company purchased an additional four sets of Nissin high-precision double injection molding machines Injection molding machine (also known as injection press) - a machine for making plastic parts. Manufacturing products by injection molding process. Consist of two main parts, an injection unit and a clamping unit. , which will be installed by mid-July 2003. The company also purchased one Mitsubishi injection-molding machine with a clamping clamping (klamp´ing) in the measurement of insulin secretion and action, the infusion of a glucose solution at a rate adjusted periodically to maintain a predetermined blood glucose concentration. force of 650 tons, which was installed earlier this month. The machines cost approximately $1.0 million in total. Together with the 14 sets purchased in September 2000, the double injection division will have 18 sets of double injection machines. Two of the new sets will be used for a new customer in the baby-products market. Mr. Richard Lau, chief executive officer of Deswell, said, "This investment will expand our capacity and help us meet the growing demand from both new and existing customers. Double injection molding enables Deswell to efficiently produce different combinations of plastic parts, such as key caps for organizers, calculators, and telephones; housings for telecommunication products; and knobs and switches for audio and video products. With our new Dongguan plant nearly complete, we look forward to realizing the benefits of these investments." Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("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 pin-through-hole ("PHT PHT Phenytoin (antiepileptic, Dilantin) PHT Pulmonary Hypertension PhT Pharmacy Technician PHT Post-Harvest Technology PHT Pattern History Table PHT Pressure Half Time PHT Public Health Trust ") interconnection technologies; and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Kyocera Mita Industrial Co. (H.K.) Limited, Epson Precision (H.K.) Ltd., Inter-Tel Incorporated, Digidesign, Inc., Vtech Telecommunications Ltd., Peavey Electronics Peavey Electronics Corporation is one of the largest audio equipment manufacturers in the world, headquartered in Meridian, Mississippi in the United States. History Hartley Peavey founded Peavey Electronics in 1965 after building his first amplifier in 1957. Corporation and Emerson. To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com. |
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