Anaheim-based Multi-Fineline Electronix Inc. said Tuesday it plans to expand its plant in Suzhou, China by 38%.
Shares of M-Flex, as the company is known, rose 5% to $27.4 following the news.
A 200,000-square-foot plant is set to be built next to an existing company facility, said Phil Harding, M-Flex chairman and chief executive.
“With this expansion, our manufacturing facilities in China will total approximately 700,000 square feet and, we believe, will enable us to continue to serve in a timely and cost-competitive way the needs of our customers,particularly the cell phone manufacturers,which utilize our flexible printed circuits with component assemblies to design smaller, smarter electronic devices,” Harding said.
M-Flex makes flexible printed circuit boards for cell phones and other electronics.
