Satcon (SATC) Announces Significant Growth of International Manufacturing, Supply Chain Operations
Satcon Technology Corporation (NASDAQ: SATC) today announced significant growth of its international manufacturing and supply chain operations. As part of this announcement, Satcon will expand global manufacturing capacity to over 600 megawatts in 2009 between its manufacturing facilities in Burlington, Ontario, Canada and Shenzhen, China, as well as partner with DB Schenker Logistics to provide global logistics and transportation services for all of Satcon's global supply chain needs.
"As demand for our industry leading commercial and utility scale solutions increases worldwide, we must construct an international supply chain capable of delivering the highest levels of service and support for our customers," said Pete DeGraff, Satcon's Vice President of Worldwide Sales and Marketing. "The combination of increasing our international manufacturing capacity and our partnership with Schenker will enable us to continue to deliver the industry's most competitive product lead times, local spare parts inventories and global logistics capabilities and ensure the highest service levels for our customers over the entire lifecycle of their solar projects."
Satcon will partner with the DB Schenker Solar division to deliver global transportation services for its inverter operations located in Burlington, Ontario, Canada; Shenzhen, China; and Fremont, California. Satcon will also utilize DB Schenker in North America, Europe, and Asia to provide logistics and distribution services including final delivery to Satcon's customer's door through DB Schenker's extensive land transport network.
"As Satcon continues to expand its global operations and customer base, their supply chain capabilities become a core piece of maintaining the highest levels of service to their customers worldwide," said John Tibshirany, Vice President Corporate Accounts Group at DB Schenker USA. "DB Schenker's integrated logistics, international and land transport services will provide Satcon with a complete global supply chain solution that will enable them to ensure the fastest product lead times, complete door to door transportation and distribution capabilities, and local inventories in order for them to provide their customers with world class service and support."
Create E-mail AlertRelated Categories
Corporate NewsStocks Mentioned
+0.02Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
