Varitron invests more than $10 million in its North American facilities

Feb 15, 2016, 07:30 ET from Varitron Technologies Inc.

HUDSON, NH, Feb. 15, 2016 /PRNewswire/ - Since early 2015 and throughout 2016, Varitron is investing heavily to boost the efficiency of its three North American plants, spending more than $10 million with the collaboration of its financial partners. At the Hudson plant in New Hampshire, investments totalling over US$3.7 million are being used to update infrastructure and raise production capacity in order to serve international markets better. To this end, Varitron has acquired new high-tech equipment for its automated assembly lines and for implementing new test benches and traceability systems as well as new enterprise resource planning (ERP) systems.

"The upgrading of the Hudson site is important for Varitron's strategic progress, enabling us to give our customers greater flexibility as well as a solid and reliable back-up plan on U.S. territory," states Varitron President Michel Farley. "We are providing ourselves with leading-edge equipment, including a flying probe for testing strategies, and we have succeeded in doubling our production capacity to meet our customers' growing needs more effectively. This lets us transfer production from one plant to another in case of breakdown, environmental catastrophe or a sharp rise in production for a set period, to give some examples."

Since 2014, Varitron has hired nearly 150 employees, and the growth of its New England activities, combined with the rise in its competitiveness on the international market, will enable the creation of about 25 new jobs at the Hudson plant.

"Growth in our business volume and new technological challenges have encouraged us to inject significant funds into our plants to enhance their productivity, allowing us to position ourselves as a major subcontractor of electronic service equipment, among the top five in Canada," Mr. Farley adds. "Further investment is planned in 2016 to strengthen our leadership in our highly competitive business sector."

Over the past 25 years, Varitron has carved out a select place in its market because of its manufacturing expertise and cutting-edge equipment, enabling it to provide complete service, along with world-class quality standards, in the energy, telecommunications, aerospace, medical, military and automotive industries. With its three plants, located in Hudson, New Hampshire as well as in Québec, and, together with its many partnership agreements and strategic alliances with key players on the international scene, Varitron is able, more than ever, to serve its customers well and to work alongside them in their innovation and development efforts.

 

SOURCE Varitron Technologies Inc.