Sun Hydraulics Announces Opening of Its 3rd Facility in Sarasota, FL
SARASOTA, FL -- (Marketwired) -- 07/31/13 -- Sun Hydraulics Corporation (NASDAQ: SNHY) is pleased to announce the opening of a new facility in Sarasota, Florida which will provide capacity for Sun to grow both its cartridge and integrated package solutions business. Over the next several weeks, Sun will move operations currently located in a Lenexa, Kansas facility to the new factory in Sarasota. Sun's current manifold production in Sarasota will also be relocated to the new factory over the same time period. The new facility covers 75,000 square feet overall, with 58,000 square feet dedicated to manufacturing and operations.
"We are very happy to begin moving into our third facility in the Sarasota area," said Allen Carlson, Sun Hydraulics' president and CEO. "This will help us to better co-ordinate our product and shipping environment and improve our expedite capability, while ensuring we maintain our industry best delivery reliability. We will be able to reconfigure our operations and consolidate certain aspects of the business that will make us more productive."
Sun's Kansas operation was opened in 2003 to produce short lead-time ductile iron and larger aluminum manifolds used in integrated packages. This facility quickly filled to capacity and since 2003 has expanded twice. By relocating production equipment and some personnel from Kansas to Florida, Sun is able to consolidate its U.S. integrated package design, manufacturing and assembly operations under one roof, expanding capacity and shortening the supply chain.
Sun Hydraulics Corporation is a leading designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets. For more information about Sun, please visit our website at www.sunhydraulics.com.
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Contact: Richard K. Arter Investor Relations 941-362-1200 Tricia Fulton Chief Financial Officer 941-362-1200
Source: Sun Hydraulics Corporation
Released July 31, 2013