Clearfield, Inc. (NASDAQ:CLFD), a specialist in fiber management products for communication service providers, this month announced it is increasing its manufacturing warehouse space, while creating a dedicated, secure research and development lab, and expanding its manufacturing operations to meet increasing demand for its products created by wireless and FTTx rollouts.
The company growth takes place at Clearfield’s headquarters in Minneapolis, and its manufacturing facility in Tijuana, Mexico. The new investments are expected to play a key role in lowering Clearfield’s cost of product manufacturing, and enhance on-time deliveries with short lead times.
The company says the additional facilities expand Clearfield’s manufacturing warehouse space in its company headquarters by 20 percent to improve material handling, and create a more efficient production process. The added space also provides room for a dedicated, secure, lab environment where independent labs can witness and verify ongoing product development testing.
Additionally, Clearfield says its capital expansion and personnel hires in Mexico enhance the company’s production capacity. Per the company, "This expansion is a clear indication of the value the market attributes to Clearfield’s line of fiber management and fiber delivery solutions and its ability to help expand the range and reach of fiber networks."
“We’re reaching the tipping point for fiber-based services where the commercial and market opportunities for both the residential and business markets cannot tolerate delay,” concludes Cheri Beranek, Clearfield's president and CEO. “Network operators need products and partners that can help them lower the operational and capital costs of deploying fiber, and Clearfield is committed to be that partner as our recent expansions demonstrate.”
For more information, visit seeclearfield.com.