Bel Opens 15 Acre Wing Ming Facility in Zhongshan, China
November 14, 2006
JERSEY CITY, New Jersey, November 14, 2006 -- Bel Fuse Inc. (NASDAQ:BELFA & NASDAQ:BELFB) today announced the opening of its new 15 acre Wing Ming facility in Zhongshan, China.
"The new 395,000 square foot facility is designed to accommodate 5,000 additional employees for production of DC-DC transformers and MagJack® connectors. Manufacturing includes nine new surface mount production lines with the capacity to pick and place over 150,000,000 components per month", said Daniel Bernstein, Bel's president.
Bernstein noted that the 15 acre facility includes housing for an additional 2,600 employees, cafeteria service for 10,000 meals per day, a movie theater, basketball court, exercise room and additional indoor and outdoor facilities for employees. Electrical backup generators support employee comfort, security and continuous manufacturing capability for the facility.
About Bel
Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, automotive and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack®s), modules (DC-DC converters, integrated analog front end modules, custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). The Company operates facilities around the world.
Forward-Looking Statements
Except for historical information contained in this news release, the matters discussed in this press release are forward looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers, the continuing viability of sectors that rely on our products, the effect of business and economic conditions; capacity and supply constraints or difficulties; product development, commercializing or technological difficulties; the regulatory and trade environment; uncertainties associated with legal proceedings, and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statements.
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Bel Fuse Inc.
206 Van Vorst Street
Jersey City, NJ 07302
tel 201.432.0463
fax 201.432.9542
Investor Contact:
Neil Berkman Associates
(310) 277-5162
Company Contact:
Daniel Bernstein
President