II-VI Incorporated to Expand Manufacturing Footprint in China and Inaugurate Asia Regional Headquarters
10 December 2018
PITTSBURGH, Oct. 31, 2018 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq:IIVI), a global leader in engineered materials, compound semiconductors and optical solutions for networks, today announced it will inaugurate its new II-VI Asia Regional Headquarters and expand its manufacturing footprint in Fuzhou, China to meet increasing global demand.
As carriers worldwide ramp up their investments in 5G wireless infrastructure and drive increased demand for innovative products that enable optical access architectures for next-generation wireless networks, II-VI will add over 300,000 square-foot of space in two new buildings in Fuzhou, China to expand production of its 5G optical product portfolio. II-VI will hold an inauguration ceremony on November 5, 2018.
“We are currently experiencing the rapidly growing demand for II-VI’s differentiated and best-in-class optical technology that is enabling 5G optical access architectures across multiple deployments beginning in Korea, Japan and North America,” said Sunny Sun, President, Photonics Segment, II-VI Incorporated. “II-VI is committed to a multi-year investment of up to $50 million dollars to expand our manufacturing operations. In Fuzhou, China we will establish our II-VI Asia Regional Headquarters in anticipation of the long term growth driven by global deployments of next generation wireless connectivity.”
Fuzhou government officials have granted approvals for the public ceremony to proceed. II-VI’s corporate and regional executive leaders will be honored by speeches from a delegation of distinguished officials of the local municipal government.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com.
Director of Corporate Communications
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/08ff8c6c-11f9-449e-8909-ef9c7aaf99c2