Last checked at 2 Jul 2012 07:00
2nd July 2012
Dialight plc
Dialight broadens manufacturing capabilities with facility in Penang, Malaysia
Dialight plc is pleased to announce that its wholly owned subsidiary Dialight Europe Ltd has acquired a five-year lease for a manufacturing facility in Penang, Malaysia. The acquisition supports Dialight's growth strategy for Asia, improving speed to market and reducing inventory requirements.
Initially, the 40,000 square foot facility will supply Dialight's industry leading status indication components for the region's largest Electronic OEMs. Shortly thereafter, the facility will expand production to include Dialight's industry leading LED lighting fixtures for industrial and hazardous applications.
The lease for the new facility commenced yesterday, 1 July 2012, and Dialight Penang Sdn. Bhd. is expected to start trading on 1 September 2012 when production begins. A local management team with extensive experience running similar electronic manufacturing facilities has been recruited.
Roy Burton, Group Chief Executive, said:
"The addition of a manufacturing presence in Penang is in line with Dialight's strategy for global expansion. It brings us closer to our growing customer base in Asia, while strengthening our value position."
Contacts:
For further information:
Roy Burton - Group Chief Executive, Mark Fryer- Group Finance Director, Dialight plc Tel: +44 (0) 1638 778640
Simon Bridges - Canaccord Genuity Limited, Tel: +44 (0) 20 7050 6500
Robert Speed - Kreab Gavin Anderson, Tel: +44 (0) 20 7074 1800,
Email: dialight@kreabgavinanderson.com
About Dialight
Dialight plc is leading the lighting revolution for industrial users across the world. Applying leading edge LED technology it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction lighting, traffic and rail signalling to vastly reduce maintenance, save energy, improve safety and ease disposal. Versions of these high specification luminaires are also produced for more general commercial, industrial and outdoor situations.
Dialight comprises the following business segments:
Signals/Illumination which addresses the increasing demands for Energy Efficient Lighting solutions through the use of high brightness LEDs and utilisation of a number of associated technologies. Areas of business include Traffic and Rail Signals, Obstruction Lights and Solid State Lighting products.
Indication components whose sales are primarily to Electronics OEMs for status indication; and
Electromagnetic components which supplies smart meter disconnect switches which are used by utility companies to manage remotely electrical supply to residential and business premises.
The company is headquartered in the UK and listed on the London Stock Exchange (LSE:DIA.L,GB0033057794) with operating locations in the UK, USA, Denmark, Germany, Australia, Japan and Mexico. More information is available at www.dialight.com.
About Penang
Penang, located in the north-west of Peninsula Malaysia is a low cost manufacturing centre with strong technical and managerial competency in electronics, electrical and mechanical industry. Penang is the third-largest economy amongst the states of Malaysia with manufacturing, contributing about 45% of the State's GDP. In 2011, Penang became top in manufacturing investment in Malaysia for the second consecutive year, with US$3 billion investment in total. Key LED manufacturers have had R&D and manufacturing facilities in Penang for decades and include Philips Lumileds, Osram, CREE (via sub-contractors Isotech) and Avago,. Other local prominent manufacturers that have established manufacturing facilities in Penang are Agilent, Seagate, Motorola, Dell, Bosch, B Braun, AMD, GKN, Altera, Fairchild, Mini Circuit, Sony and Sanyo.
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