Kulicke & Soffa to Further Strengthen its Presence in Asia with the Expansion of its Singapore Global Headquarters
SINGAPORE--(BUSINESS WIRE)-- Kulicke & Soffa (NASDAQ: KLIC), a global leader in the design and manufacture of semiconductor assembly equipment, today announced the further strengthening of its presence in Asia with the planned expansion of its Singapore global headquarters. The Company broke ground today on the site of its planned state-of-the-art facility, which will add to the Companys industry leading R&D and manufacturing capabilities and allow it to continue delivering the excellent service, support and innovative solutions its customers rely on.
Construction of the new headquarters is scheduled to be completed in the second half of 2013. The 30,000m2 facility will be centrally located in Serangoon, within close proximity to the Companys existing leased headquarters. This existing lease is planned to terminate in conjunction with the completed move.
Bruno Guilmart, President and Chief Executive Officer, said, Our business has expanded exponentially since we started manufacturing operations in Singapore over 12 years ago. We are excited to break ground on the new, state-of-the-art headquarters which will give us the infrastructure and scale needed to accommodate our existing operations and on-going growth. We are firmly committed to Singapore as the ideal platform to efficiently reach our customers and supply chain and also to provide the ideal work environment for our employees and partners.
Tan Choon Shian, Deputy Managing Director, Economic Development Board, said Today, we celebrate a partnership that has strengthened over the years. We are proud that Kulicke & Soffa has chosen to make Singapore its Home with the establishment of its global headquarters. Singapores highly skilled workforce, robust supply chain and established R&D capabilities offer Kulicke & Soffa an ideal base to strengthen its position in Asia. This significant commitment will add to Singapores push to become a centre of precision excellence.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a global leader in the design and manufacture of semiconductor and LED assembly equipment. As a pioneer in this industry, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions, adding die and wedge bonders and a broader range of expendable tools to its core ball bonding products. Combined with its extensive expertise in process technology, K&S is well positioned to help customers meet the challenges of assembling the next-generation semiconductor and LED devices (www.kns.com).
Kulicke & Soffa Industries, Inc.
Global IR Partners
Source: Kulicke & Soffa Industries, Inc.Copyright Business Wire 2012