Lexmark Electronics opens manufacturing site in the Czech Republic; Contract manufacturer brings core competency closer to European customers.LEXINGTON, Ky.--(BUSINESS WIRE)--May 3, 1999-- Lexmark Electronics, a business unit of Lexmark International (NYSE NYSE See: New York Stock Exchange :LXK), headquartered in Lexington, Ky., is now manufacturing printed circuit boards in the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. at its new facility in Brno, the country's second largest city. Located in the Czech Technology Park The Czech Technology Park is a low density development providing modern business premises for technology companies in a business park environment adjacent to the Brno University of Technology. adjacent to Brno's Technical University the VUT VUT Vanuatu (ISO Country code) VUT Victoria University of Technology (now Victoria University) VUT Vaal University of Technology (South Africa) , Lexmark Electronics utilizes the latest state-of-the-art technologies to produce electronic circuit assemblies. Already in production, an open house is planned for May 26 to celebrate the plant's opening. Lexmark Electronics is a contract electronics manufacturer focusing on the high technology computer peripherals and networking industries. It offers design, manufacturing and distribution to a global customer base and is ranked among the 30 largest contract manufacturers in the world. With well over a decade of electronic manufacturing services (EMS) experience with external customers, Lexmark Electronics has been a key factor in the success of Lexmark's high quality, cost competitive printer business. "Our new electronics facility in Brno will focus on serving our European markets with even greater efficiency by improving responsiveness and better supporting our customers' operations," stated Ben M. Streepey, vice president and general manager of Lexmark Electronics. "Brno is an excellent choice because it is centrally located in Europe and offers access to a work force with strong technical skills." Commenting on the significance of this announcement, Streepey added, "As part of our 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 strategy, the Brno site deploys our core strengths where they are needed. With more than 50% of the company's revenue coming from outside the U.S., this electronics production facility will be key to reaching our valued European customers." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Phil Zarrow, a highly respected industry columnist and consultant, "Lexmark Electronics takes a refreshing approach to contract manufacturing that is innovative yet firmly based in a legacy of solid experience and competence. The cellular team-based manufacturing scheme is unique among contract assemblers and it is quite effective. Low cycle times across a broad range of board technologies and very high yields translate into high-efficiency manufacturing." Lexmark Electronics is forming long-term partnerships with customers in the fast growing EMS industry. For more information, in Europe call +420 5 4119 2160 or in the US and Canada 800-993-3228, or visit the Lexmark Electronics home page at www.lexmark.com/cms. Lexmark International, Inc. is a global developer, manufacturer and supplier of printing solutions and products, including laser, inkjet and dot matrix printers A printer that uses hammers and a ribbon to form images out of dots. It is widely used to print multipart forms and address labels. Also known as a "serial dot matrix printer," the tractor and sprocket mechanism in these devices handles thicker media better than laser and inkjet printers. and associated consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" supplies for the office and home markets. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Lexmark International Group, Inc. (NYSE:LXK). Lexmark is on the internet at www.lexmark.com. Lexmark is a trademark of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective holders. |
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