Clearfield expanding manufacturing, R&D facilities
Clearfield (NASDAQ:CLFD) is increasing its manufacturing warehouse space, creating a dedicated, secure research and development lab, and expanding its ...
Clearfield (NASDAQ:CLFD) is increasing its manufacturing warehouse space, creating a dedicated, secure research and development lab, and expanding its manufacturing operations to meet the increasing demand for its products created by wireless and FTTx rollouts. The expansion is taking place at the company's headquarters in Minneapolis and its manufacturing facility in Tijuana, Mexico.
The additional facilities are intended to expand Clearfield's manufacturing warehouse space in company headquarters by 20% to improve material handling and create a more efficient production process. The added space also provides room for a dedicated, secure, lab environment where independent labs can witness and verify ongoing product development testing. Finally, the capital expansion and personnel hires in Mexico enhance the company's production capacity.
"We're reaching the tipping point for fiber-based services where the commercial and market opportunities for both the residential and business markets cannot tolerate delay," said Cheri Beranek, Clearfield president and CEO. "Network operators need products and partners that can help them lower the operational and capital costs of deploying fiber and Clearfield is committed to be that partner as our recent expansions demonstrate."