Cisco to build new plant in New Hampshire
CHELMSFORD, Mass., May 10 (Reuters) - Cisco Systems Inc. <CSCO.O> on Wednesday said it agreed to buy 110 acres in New Hampshire to build a new plant, creating up to 2,500 jobs.
In a statement, the company said the 674,000 square-foot New England Manufacturing Center -- which will be used for test, assembly and global distribution of Cisco products such as next-generation optics-based routers and networking products -- will be in Salem, New Hampshire, about 40 miles northwest of Boston.
The site is the latest addition to the company's expansion plan in New England, and follows the company's recently announced New England Development Center in Massachusetts.
Company spokesman Carl Redfield said, "The tremendous demand for Internet technology, specifically the growth in optical network solutions, has created the need for this most recent expansion in manufacturing."
Shares of Cisco rose to 63-3/8 in pre-opening trade Wednesday after closing at 62-3/4 on the Nasdaq exchange Tuesda |
