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Celestica (TSX:CLS) invests in new US facility

Industrial
TSX:CLS
29 July 2021 11:00 (EDT)

Celestica Inc. (CLS) held the grand opening of its AbelConn Electronics facility in Maple Grove, Minn., USA.

AbelConn Electronics, a wholly-owned subsidiary of Celestica, provides rapid prototyping, volume manufacturing, and engineering support for the defence and aerospace industries.

The new 110,000 square-foot facility gives the company the additional capacity in a key U.S. region to serve customers in defence, aerospace and other highly regulated markets such as health tech, industrial and smart energy.

“Defense OEMs need a partner with highly specialized experience in designing, manufacturing, and defence product certification so they can focus on innovation and bringing mission-critical systems to market in compliance with strict military regulations and standards,” said Jack Jacobs, Vice President, Aerospace and Defense, Celestica.

“Celestica and AbelConn provide all our customers with the benefits of working with an agile, responsive partner in close proximity to them with access to the resources and scale of a global tier-one company,” added Jacobs.

As part of its growth strategy, AbelConn is expanding its core capabilities around ITAR-certified volume production for chassis, circuit card assembly (CCA), backplanes, and connectors.

Additionally, the company is adding new capabilities, including engineering services, licensing, and repair and overhaul (R&O). The site is also in process of obtaining ISO 13485 certification to support the HealthTech market.

“The AbelConn team has a proven track record of flawless execution for our Defense customers,” said Jack Lawless, President, Advanced Technology Solutions, Celestica.

Celestica enables the world’s best brands. Through our recognized customer-centric approach, it partners with leading companies in aerospace and defence, communications, enterprise, health tech, industrial, capital equipment, and energy to deliver solutions for their most complex challenges.

Celestica Inc. (CLS) is down 1.23 per cent and is trading at C$8.85

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