TTM Technologies, Inc. Announces The State Of New York As The Selected Location For A Proposed New Facility In Syracuse To Produce Ultra-HDI PCBs In Support Of Natio
Portfolio Pulse from Benzinga Newsdesk
TTM Technologies, Inc. (NASDAQ:TTMI) has announced plans to establish a new high-tech manufacturing facility in New York State. The facility will produce ultra-HDI PCBs and is expected to be the highest-technology PCB manufacturing facility in North America. The project will create an estimated 400 manufacturing and engineering jobs in Central New York and support an equal number of construction jobs. The groundbreaking is anticipated in the first half of 2024, with the project's final scale, scope, and timeline subject to finalizing funding with various stakeholders.
November 01, 2023 | 12:32 pm
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TTM Technologies' decision to establish a new manufacturing facility in New York could potentially boost its production capabilities and create new jobs, which may positively impact its stock price in the short term.
The establishment of a new manufacturing facility indicates TTM Technologies' commitment to expanding its production capabilities. This could potentially lead to increased revenues in the future, which would likely be viewed positively by investors. Additionally, the creation of new jobs could boost the local economy, which may also have a positive impact on the company's public image.
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