Finisar Corp. (NASDAQ: FNSR) held a grand opening and ribbon-cutting ceremony for its new production facility in Wuxi, China. Finisar says the new facility will focus primarily on the manufacture of tunable and parallel optical transceivers, wavelength-selective switch (WSS) modules, ROADM line cards, passive components, and high-end optical subassemblies used in VCSELs and detectors.
Located in Jiangsu Province, about one hour from Finisar's Shanghai plant, the campus provides 550,000 square feet of open space and will house two new multi-level buildings. The first building is now open and the second building will begin construction by the end of 2013.
"As the demand for high-speed optical products continues, our new Wuxi facility will add much needed manufacturing capacity in China," said Jerry S. Rawls, executive chairman of Finisar. "Finisar will continue to invest in the infrastructure required to give our customers critical access to products as market demands increase. We are very proud of our local management team and employees that have worked so hard to make this a reality."
This year, Finisar is celebrating its 25 year anniversary in the optical communications industry and asserts the opening of the Wuxi facility is a significant highlight. Finisar says it is one of only a few optics companies to operate its own manufacturing sites, which it says provides the ability to quickly ramp up volumes and shift production from one product to another as needed.
Other Finisar manufacturing sites include Ipoh, Malaysia; Shanghai, China; Fremont, CA; Allen, TX; and Jarfalla, Sweden.
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