Rogers Corporation Announces New Factory in Monterrey, Mexico
22 Febbraio 2024 - 2:30PM
Business Wire
New facility will support growing EV/HEV and
renewable energy demand in North America
Rogers Corporation (NYSE: ROG) announced today that it has
signed a lease on a factory in Monterrey, Mexico for advanced
busbar manufacturing and engineering services. The first phase of
the new site is slated for completion in late 2024 and continues
Rogers’ manufacturing footprint strategy of supporting customers in
the regions where they operate.
Rogers’ advanced ROLINX® busbars provide effective and efficient
power distribution in a variety of applications in the electric and
hybrid-electric vehicle (EV/HEV), renewable energy, mass transit
and industrial markets. Customers choose ROLINX® busbars based on
Rogers’ proven quality and reliability, electrical and mechanical
expertise, co-engineering support and flexible lead times.
“We are excited to expand our presence in North America to
better support our global customers and the growing EV/HEV and
renewable energy markets in this region. Our new factory in
Monterrey will enable us to better support our customers with
deeper technical collaboration, and local prototyping and supply
capabilities that reduce lead times and improve service levels,”
said Jeff Tsao, Advanced Electronic Solutions (AES) Senior Vice
President and General Manager.
This latest investment continues Rogers’ support of growth
opportunities across its markets with ongoing initiatives to drive
capacity throughput improvements at existing facilities and make
targeted investments in new capacity.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered
materials to power, protect and connect our world. Rogers delivers
innovative solutions to help our customers solve their toughest
material challenges. Rogers’ advanced electronic and elastomeric
materials are used in applications for EV/HEV, automotive safety
and radar systems, mobile devices, renewable energy, wireless
infrastructure, energy-efficient motor drives, industrial equipment
and more. Headquartered in Chandler, Arizona, Rogers operates
manufacturing facilities in the United States, Asia and Europe,
with sales offices worldwide. For more information, visit
www.rogerscorp.com.
Safe Harbor Statement
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of historical facts are forward-looking statements. Words or
phrases such as “believe,” “may,” “could,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “seek,” “plan,” “expect,”
“should,” “would” or similar expressions are intended to identify
forward-looking statements, and are based on Rogers’ current
beliefs and expectations. This release contains forward-looking
statements regarding our plans, objectives, outlook, goals,
strategies, future events, future net sales or performance, capital
expenditures, future restructuring, plans or intentions relating to
expansions, business trends and other information that is not
historical information. All forward-looking statements are based
upon information available to us on the date of this release and
are subject to risks, uncertainties and other factors, many of
which are outside of our control, which could cause actual results
to differ materially from those indicated by the forward-looking
statements. For additional information about the risks,
uncertainties and other factors that may affect our business,
please see our most recent annual report on Form 10-K and any
subsequent reports filed with the Securities and Exchange
Commission, including quarterly reports on Form 10-Q. Rogers
Corporation assumes no responsibility to update any forward-looking
statements contained herein except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240222448828/en/
Media: Amy Kweder Senior Director, Corporate
Communications Phone: 480.203.0058 Email:
amy.kweder@rogerscorporation.com
Investor: Steve Haymore Senior Director, Investor
Relations Phone: 480.917.6026 Email:
stephen.haymore@rogerscorporation.com
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