Plexus Corporation intends to construct a 410,000 square foot manufacturing facility in Neenah, Wisconsin. This facility will replace two existing leased facilities in Neenah and will consolidate approximately 1,000 employees into the new building. The facility is expected to cost approximately $50 million, with construction expected to begin in July 2012 and to be complete in fall 2013.
"This decision is a measure of our commitment to manufacturing in the United States and in the great State of Wisconsin," stated Dean Foate, president and CEO. "We believe that having strong manufacturing capabilities is essential to serving the evolving needs of our customers and to provide opportunity for growth in the future. This new facility, when combined with our design center, other manufacturing facilities and global headquarters in the Fox Cities, will provide an epicenter of capability for our customers."
Plexus is eligible for $15 million in enterprise zone tax credits from the State of Wisconsin through the Wisconsin Economic Development Corporation. These tax credits will be distributed over a seven-year period based on capital investment, job retention and job creation conditions. Incentives from the City of Neenah are also contemplated, subject to approval by city officials.
About Plexus Corporation
Plexus delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining services to deliver comprehensive end-to-end solutions for customers in the Americas, European, and Asia-Pacific regions.
Plexus is the industry leader in servicing mid- to low-volume, higher complexity customer programs characterized by unique flexibility, technology, quality, and regulatory requirements. Award-winning customer service is provided to over 130 branded product companies in the Networking/Communications, Medical, Industrial/Commercial, and Defense/Security/Aerospace market sectors. For more information, visit www.plexus.com.