Flextronics Global Services Continues Rapid Expansion Into New and Emerging Markets
SINGAPORE, June 2, 2011 /PRNewswire/ -- Flextronics Global Services (FGS), a business unit of Flextronics (NASDAQ: FLEX) today announced its group's second strategic market expansion since opening new facilities in Europe and India in October 2010. Today, FGS announced new market expansions in Mumbai, India and Istanbul, Turkey in response to growing customer demand for post-manufacturing supply chain services in these regions. FGS' new facility in Mumbai will support repair service requirements for a leading global OEM of smart phones and will serve as a satellite operation for FGS' core facility in Bangalore. FGS' new facility in Turkey will serve as the inbound hub operation for a global brand and leading computing OEM. These two expansions broaden FGS' competitive footprint in India and add a new service zone for the Mediterranean Rim, Middle East and Africa. The facilities in Mumbai and Turkey are both fully operational.
"We continue to realize strong customer demand for supply chain and logistics services worldwide, specifically in emerging and fast-growing markets where we have recently expanded. Building off of last year's market growth makes today's expansion announcements even more significant for FGS, and for Flextronics. Mumbai broadens our customer service area and expands FGS' overall footprint in India, where we have strategically added new facilities over the years. In India, we now have a very competitive footprint to support post-manufacturing service requirements for our customers," said John O'Sullivan, president of FGS.
O'Sullivan continued, "In recent years, Turkey's economy has enjoyed strong domestic growth, which when coupled with its prospective EU membership makes it an increasingly attractive market for us and our customers. I am very pleased with our expansion accomplishments to date and look forward to further establishing FGS' leadership position in these new regions."
FGS offers one of the most extensive portfolios of post-manufacturing services in the world, including distribution and supplier managed inventory, reverse logistics and repair, product transformation and service part logistics.
About Flextronics Global Services
Flextronics Global Services is a strategic business unit of Flextronics and one of the most respected global providers of post-manufacturing supply chain logistics services. Its comprehensive suite of services are fully optimized to the specific requirements of its customers primarily operating in the computing, consumer digital, infrastructure, industrial, mobile and medical markets. Additionally, its expansive global infrastructure consists of over 20 sites and more than 12,000 employees strategically located throughout the Americas, Europe and Asia.
About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit www.flextronics.com.
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SOURCE Flextronics
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