2007'05.09.Wed
Jabil Expands Asia Presence With Move Into Vietnam
May 09, 2007
HO CHI MINH CITY, Vietnam, May 9 /Xinhua-PRNewswire/ -- Jabil, a global leader in electronic product solutions, will expand its Asia presence with the addition of a facility in Ho Chi Minh City, Vietnam. Located in Saigon Hi-Tech Park, the new 55,000 square-foot facility (expandable to 120,000 square feet) is scheduled to be operational in June 2007. While the initial investment will be modest, Jabil expects the location to grow in importance over time. Jabil's Regional President for Asia, Bill Muir said, "We are developing Vietnam as a production-for-export location. Vietnam offers a globally competitive cost base, a strong workforce and provides good balance to our Asia footprint. Jabil is a strategic partner to some of the world's most trusted brands and it is our role to anticipate and deliver solutions to meet customers' business needs and priorities. Long term, we believe Vietnam will be an integral part of our customers global supply chain." Jabil is the third largest electronic manufacturing services provider in the world and employs over 100,000 employees worldwide including India, Malaysia, Singapore, and People's Republic of China, Taiwan and Japan. About Jabil St. Petersburg, Florida-headquartered Jabil is an electronic product solutions company providing comprehensive individualized-focused solutions for electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete product supply chain management around the world. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on the Company's website: jabil.com. This news release contains forward-looking statements, including those regarding the anticipated expansions in Vietnam, outlook for our business, our long-term outlook for our company, and our industry. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: fluctuations in operating results; changes in technology; competition; anticipated growth for us and our industry that may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to successfully consummate acquisitions; managing the integration of businesses we acquire; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of customers; business and competitive factors generally affecting the electronic manufacturing services industry, our customers and our business; other factors that we may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2007, subsequent Reports on Form 10-Q and Form 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise For more information and please contact: Aileen Han Marketing Communications Manager - Asia Tel: +86-21-6485-8585 x1069 Email: Aileen_Han@Jabil.com Jabil Quick Facts: USD $10.2 billion in revenue (Fiscal 2006) 100,000 employees Operating in 21 countries
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