Kitron with new lease agreement for new factory in China

Following the board decision announced November 9 2009 to establish a manufacturing unit in China Kitron ASA has now entered into a lease agreement with Nordic Industrial Park Co., Ltd. for a new electronic factory in Ningbo, China. The contract is for 5 years and cover more than 4000 square meter of space. “The factory is planned to be up and running with the most simplified products late third quarter and come as a consequence of meeting our global customers demand,” says Jørgen Bredesen, CEO of Kitron ASA.