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TTM Technologies Inc Announces Closure of MAS Plant

Thursday, 12 Sep 2013 06:52pm EDT 

TTM Technologies Inc announced that it will cease operations at its Suzhou, China facility (MAS) and lay off approximately 600 employees at this facility at or near the end of September 2013. TTM intends to transfer PCB production at MAS to one or more of its facilities located in China, providing an uninterrupted supply of PCBs to customers. The decision to close the MAS facility was based on the facility's capabilities not being consistent with TTM's advanced technology strategy, and the fact that it has not been profitable. TTM will offer separation and other benefits to the affected employees. 

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2:10pm EDT