On Wednesday, Powerwave Technologies Inc., which is a Santa Ana, based company, declared its plan to open a factory in Thailand. By the end of the year, the factory is anticipated to be in working condition and would comprise of 135,000 square foot area. It would start with around 300 workers initially and hopes to increase the number to 500 by the end of next year.

The factory would be into producing different types of wireless gear that would include power amplifiers, radio heads, repeaters and power distribution units. The company said that the factory would prove to be of help in keeping the cell phone towers in Asia running in a smooth condition as the business is flourishing at this point of time. The Thailand Board of Investment has subsidized Thailand for setting up the new factory.

The plant would “support the company’s overall goal of reducing costs to maximize profitability, enabling Powerwave to further consolidate its operations and reduce dependencies on multiple contract manufacturers.” The company is expanding its presence in the biggest countries like Middle East, China, India and Malaysia and it is now entering Thailand to streamline its structure of costs and expenses.

Powerwave is into producing antennas, amplifiers and other gear for cell phone towers. Since the beginning of this year, the share prices of the company have become more than twofold at approximately $168 million.

This entry was posted on Friday, November 6th, 2009 at 1:31 pm and is filed under Venture Capital Funding, Venture Capital News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.