Fenton, looks like they are replacing existing leased facilities to boost production capacity. The new owned plant in Scotland will replace the two existing leased plants. 130k SQ ft. vs. 70k sq. ft. Looks like the new florida plant for 1998 has 110 sq ft. vs. the old lease plant of 70k sq ft. All in all, looks like expansion to me.
Year Approximate
Location Commenced Owned/Leased Square Feet Description
- -------- --------- ------------ ----------- -----------
<S> <C> <C> <C> <C>
CURRENT FACILITIES
St. Petersburg, Florida 1988 Owned 110,000 High volume mfg.,
Corporate office
St. Petersburg, Florida 1997 Owned 125,000 High volume mfg.
St. Petersburg, Florida 1997 Leased 91,000 Systems assembly
St. Petersburg, Florida 1997 Leased 27,000 Operations
Auburn Hills, Michigan 1997 Leased 54,000 High volume mfg.
Auburn Hills, Michigan 1993 Owned 125,000 High volume mfg.
Auburn Hills, Michigan 1993 Leased 30,000 Warehouse
San Jose, California 1987 Leased 21,000 Design/prototype mfg.
Penang, Malaysia 1997 Owned 150,000 High volume mfg.
Guadalajara, Mexico 1997 Owned 150,000 High volume mfg.
Livingston, Scotland 1997 Owned 130,000 High volume mfg.
LEASED FACILITIES TO BE REPLACED BY CURRENT FACILITIES
St. Petersburg, Florida 1995 (1) Leased 75,000 High volume mfg.
Livingston, Scotland 1994 (2) Leased 40,000 High volume mfg.
Bathgate, Scotland 1995 (2) Leased 30,000 High volume mfg.
</TABLE>
(1) Lease expires December, 1997
(2) Lease expires January, 1998 |
