Peak International Limited announced that it has recently manufactured its 500 millionth semiconductor tray at its factory in Shenzhen, the People's Republic of
Dean Personne, president and chief executive officer of Peak International Limited, stated, "We are delighted to have achieved this manufacturing milestone in Shenzhen. This is a testament to the skills and the dedication of our valued employees to produce the best possible products in the most cost-efficient manner. Over the years, working with our partners and employees, we have made tremendous improvements in product quality, employee productivity and operating cost controls. Today, we can manufacture approximately 50 percent more product with a 25 percent smaller workforce than we did just one year ago; a doubling of productivity per employee.
"In addition to highly-scalable efficient manufacturing, we maintain sophisticated product engineering capabilities that we believe will generate future opportunities in new industry segments. And, we will continue to fully support 'just-in-time' operations for high-volume manufacturers in technology and other industry segments in the future.
"With almost 20 years of manufacturing experience in the People's Republic of
Peak International Limited is a leading supplier of precision-engineered packaging products for storage, transportation and automated handling of semiconductor devices and other electronic components. There are approximately 1,700 people who are working for Peak directly worldwide or indirectly in its factory in Shenzhen, the PRC, which is operated pursuant to a processing agreement with an unaffiliated party. Peak operates warehouses throughout the world and offers JIT services to leading semiconductor manufacturers and assemblers.
