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New plant for TE Connectivity in India

TE connectivity is expecting to have a better business here in India. Among their efforts to increase their sales in the country is launching a new manufacturing facility in the said country. This will expand the existing ones and help them achieve their target of getting a revenue of $1 billion in five years.

TE Connectivity Logo

TE Connectivity Logo

This is not that hard to achieve for the company since they are good when it comes to expansion plans. The TE Connectivity has been known in the industry for providing quality and effective connecting systems and solutions. It is currently has a value of $14 billion in New York stock Exchange.

The new manufacturing facility of the said company is expected to be operational in the year 2014. With this new facility, the company will be able to design and manufacture connectivity solutions for multiple industry verticals which includes, aerospace, automotive, marine, defense and a lot more. This information was according to Executive Vice President and Chief operating officer of the company Joseph B Donahue.

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