To: REH who wrote (9510 ) 11/11/1998 9:18:00 PM From: REH Respond to of 93625
Viking Components Invests $5 Million to Triple Its Manufacturing Capacity Stop by the Viking Booth November 16-20 at COMDEX Las Vegas, Las Vegas Convention Center, Booth L5252, South Hall RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Nov. 11, 1998-- Viking Components, one of the world's leading manufacturers of data communication products, computer memory, flash and smart media, Wednesday announced it has invested $5 million into new state-of-the-art manufacturing, assembly and testing equipment at its Rancho Santa Margarita headquarters. The expansion, a direct result of increased reseller/distributor, OEM and retail/commercial orders, will allow Viking's capacity to triple over the next two months. ''This marks an important point in our evolution as a total memory and communication solutions provider,'' said Glenn McCusker, president and chief executive officer, Viking Components. ''Keeping total control over our manufacturing process in-house enables us to exceed our customers' expectations concerning quality, ship time and customer support.'' ''We have exceeded our aggressive growth expectations for 1998,'' said Shannon Biggs, Viking's executive vice president of manufacturing and engineering. ''We are now equipped to meet industry technology demands for building and testing PC-100 and Rambus products with outstanding efficiencies well into the year 2000.'' Viking's expansion includes the addition of two new, high-speed Fuji production lines each consisting of a DEK 265 GSX screen printer, Fuji CP6 pick and place system, a Zevatech FM-760 flexmounter machine, an Electrovert Ominflo 7 convection oven and an Aquastorm 100 aqueous cleaning system. Viking has also purchased an additional HP83000 ''ATE class'' test system, the industry's leading in-line memory module tester. In total, Viking's U.S. manufacturing facilities now have three high-speed Fuji lines, plus a complete Quick Response Manufacturing (QRM) system served by eight Zevatech (FM730s and FM740s) and two HP83000 testers. Viking's design, manufacturing and production processes utilize the company's highly acclaimed, just-in-time model which avoids inventory stockpiling while taking advantage of market and supply conditions to deliver products. Viking purchases components from leading manufacturers, then designs, assembles, tests and qualifies 100 percent of all its proprietary and generic products prior to shipping. All modules are tested at-speed and guaranteed working when they leave Viking's facilities. ''Traditionally our fourth quarter is one of the most productive and bustling times out on the floor,'' said Jason Kim, director of manufacturing, Viking Components. ''Rather than adding a third shift to meet production demand, we felt the quality of product and increased demand capacity would be better served by the addition of this equipment.'' Aggressively Structured Growth Over the past five years, Viking has continued an aggressive growth pattern. In 1994, Viking's sales grew to $177 million, earning recognition as INC. magazine's designee as the fastest growing privately held memory manufacturer in the United States for the previous five years. In 1995, the company experienced tremendous growth again, reaching $261 million in sales. Since 1996, despite of industry-wide price declines of up to 80%, Viking has reinvested more than $30 million into new equipment and expects to finish 1998 near $275 million in sales.