Clearfield, Inc. (NASDAQ: CLFD), a specialist in fiber management systems for communication service providers, on July 26 announced the broadening of its manufacturing capacity in Tijuana, Mexico.
Having significantly added headcount during the last several years, the company said it has now entered into a lease arrangement for a 319,000-square-foot manufacturing and warehouse center in Tijuana that is being built to its specifications. The new facility is scheduled to enter into production slightly after the start of calendar year 2022. The move is in support of the anticipated future demand of the business, said Clearfield.
According to a statement, the new facility will augment the company's growing investments in U.S. production. Through the new Tijuana space and future headcount additions, the Minnesota-based Clearfield says it is positioned to more than triple its manufacturing presence in Mexico.
"This expansion is a clear indication of the value the market is realizing from Clearfield’s line of fiber management and fiber connectivity solutions," said a company statement, which added, "The expansion assists in lowering Clearfield’s cost of product manufacturing while ensuring Clearfield continues to lead the industry in product availability and on-time deliveries. The industry has recognized that fiber-fed broadband provides the best future-proofed means to eliminate the digital divide and enhance economic vitality."
"Our Mexican manufacturing facilities fully complement our ongoing operations at our U.S. headquarters,” commented Cheri Beranek, Clearfield's president and CEO. "In addition, we continue to enhance and strengthen our partnerships with contract manufacturing operations and component suppliers."
Beranek concluded, "As part of our value proposition to provide our service provider customers the best total cost of ownership solutions, this strategic investment in manufacturing capacity will position us to build upon our growing momentum throughout the broadband marketplace.”
Learn more at www.SeeClearfield.com.