XP Power completes purchase of Shanghai manufacturing operation and expands production facilities
(Business News, 13 Mar 2008 )
XP Power announced today that it has bought out its partners 50% shareholding of their manufacturing joint venture, Forton XP Power. The $2.5m deal gives XP Power complete control and ownership of the 26,000 sq ft power supply manufacturing operation that was established with Forton in 2006.
Expansion plans, already commenced, will provide an additional 60,000 sq ft of manufacturing and administration space. As part of the increased manufacturing facilities, a short-run production line will be set up. This will allow pre-production units to be delivered to customers within 4 – 6 weeks of order. With an increasing number of customers requiring modified standard power supplies, the short-run facility will also give customers early access to product so that they can complete their own prototype and system testing early.
