SOURCE: Merix Corporation

November 19, 2008 13:24 ET

Merix Announces Completion of Huiyang, China Expansion

BEAVERTON, OR--(Marketwire - November 19, 2008) - Merix Corporation (NASDAQ: MERX), a leading provider of advanced high-reliability printed circuit boards, today announced that an expansion and technology upgrade in their Huiyang, China (HY) factory is complete. Over the past two years, Merix has invested over $23 million in the HY expansion. The result is a 400 thousand square foot facility that has roughly three times the inner-layer manufacturing capacity when compared to a year ago.

The Merix HY facility can manufacture approximately 80% of the standard multilayer technology produced in Merix' higher technology North American factories. The installation of advanced manufacturing equipment combined with the process engineering expertise allows for the precise mechanical registration and high quality for which Merix is known in the industry. In conjunction with Merix' North American footprint, the expansion creates a unique and differentiated service offering of prototype and pre-production capabilities in North American factories that can be seamlessly transitioned to lower cost volume production in China.

"The strategy we embarked upon fifteen months ago has become a reality," said Michael D. Burger, President and CEO of Merix Corporation. "When combined with our recently completed global ERP system, we believe that this expansion uniquely equips Merix to provide our customers exceptional value through cost and time-to-market reduction while retaining Merix' reputation for high-reliability."

About Merix

Merix is a leading manufacturer of technologically advanced multilayer rigid printed circuit boards for use in sophisticated electronic equipment. Merix provides high-performance materials, quick-turn prototype, pre-production and volume production services to its customers. Principal markets served by Merix include communications and networking, computing and peripherals, test, industrial and medical, defense and aerospace and automotive end markets in the electronics industry. Additional corporate information is available on the internet at www.merix.com.

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 relating to the Company's business operations and prospects and are made pursuant to the safe harbor provisions of the federal securities laws. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. The forward-looking statements in this news release are based on current expectations, and Merix Corporation does not undertake to update any such factors or to publicly announce developments or events relating to the matters described herein.

Contact Information

  • Merix Investor Relations Contact:
    Allen Muhich
    Vice President - Finance
    503.716.3700