Core Points - Key Tronic Corporation plans to expand production capacity in Arkansas and Vietnam to meet growing customer demand and mitigate the impact of tariffs on goods manufactured in China and Mexico [1][3] - The company has signed a new lease in Arkansas to increase its manufacturing footprint by June 2025 and plans to double its manufacturing capacity in Vietnam by September 2025 with significant capital investment [2][3] - The expansion reflects a trend towards nearshoring production away from China, providing customers with flexibility and high-quality, low-cost manufacturing options [3] Company Overview - Key Tronic is a leading design engineering and contract manufacturer, offering services from facilities in the United States, Mexico, China, and Vietnam [4] - The company provides full engineering services, materials management, assembly services, in-house testing, and worldwide distribution to some of the world's leading original equipment manufacturers [4]
Key Tronic Corporation Plans to Expand Operations in Arkansas and Vietnam