EXFO Opens Plant in Shenzhen
EXFO Electro-Optical Engineering Inc, a leading telecommunications test and measurement solution provider, launched its first manufacturing plant outside its headquarters in Shenzhen.
Headquartered in Quebec City in Canada, the firm has seen increasing opportunities in the government’s large amounts of investment in telecom infrastructure and the residents’ growing demand for faster and better telecom facilities, recognizing China as the most important strategic market for its global expansion.
Covering an area of 4,600 sqm in an industrial park near the airport, the new factory is expected to assemble hand-held fiber-optic test and measurement equipment. With the new factory, Germain Lamonde, founder and CEO of the company, anticipates that 50% of all EXFO sales will be derived from products assembled in Shenzhen in 3 to 4 years, which will be sufficient to meet demands on the global market.
“China has been the second largest market of EXFO in the world, and it will become more significant in the future,” Lamonde said.
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