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Varitron Invests More than $10M in its North American Facilities
February 15, 2016 | Varitron Technologies Inc.Estimated reading time: 1 minute
Since early 2015 and throughout 2016, EMS firm Varitron is investing heavily to boost the efficiency of its three North American plants, spending more than $10 million with the collaboration of its financial partners. At the Hudson plant in New Hampshire, investments totalling over $3.7 million are being used to update infrastructure and raise production capacity to serve international markets better. Part of this investment is the acquisition of new high-tech equipment for its automated assembly lines and and implementing new test benches and traceability systems as well as new enterprise resource planning (ERP) systems.
"The upgrading of the Hudson site is important for Varitron's strategic progress, enabling us to give our customers greater flexibility as well as a solid and reliable back-up plan on U.S. territory," said Michel Farley, president. "We are providing ourselves with leading-edge equipment, including a flying probe for testing strategies, and we have succeeded in doubling our production capacity to meet our customers' growing needs more effectively. This lets us transfer production from one plant to another in case of breakdown, environmental catastrophe or a sharp rise in production for a set period, to give some examples."
Since 2014, Varitron has hired nearly 150 employees, and the growth of its New England activities, combined with the rise in its competitiveness on the international market, will enable the creation of about 25 new jobs at the Hudson plant.
"Growth in our business volume and new technological challenges have encouraged us to inject significant funds into our plants to enhance their productivity, allowing us to position ourselves as a major subcontractor of electronic service equipment, among the top five in Canada," Farley added. "Further investment is planned in 2016 to strengthen our leadership in our highly competitive business sector."
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