(June 1, 2006) Hong Kong and Pleasanton, CA — ASAT Holdings Limited will celebrate its new manufacturing and testing facility opening in Dongguan, China, on Monday, June 12, 2006, beginning at 9:30 a.m., when Robert J. Gange, ASAT’s president and CEO, will join local dignitaries, customers, and employees in a grand opening ceremony.
ASAT anticipates that Dongguan facility will deliver higher yields, improved time-to-revenue results, and more efficient operations, according to Gange. ASAT closed its Hong Kong assembly operations in early May, and expects to wrap up the move to Dongguan by late June. “With essentially all of our manufacturing now in Dongguan, we will have a much leaner cost structure, resulting in substantial savings in our labor and selling, general and administrative expenses,” says Gange. “Our expectation is that some of the cost savings will be captured in our July quarter results with the majority of savings coming in the October quarter.”
The 560,000-sq-ft. facility is located in the Zhen An Hi-Tech Industrial Park in Dongguan, which is about 90 minutes from Hong Kong.