Electrical Business

Business News

Leviton reports $80-million global capital investment plan is on-track

January 17, 2023 | By Anthony Capkun



January 16, 2023 – Leviton reports it is making “significant progress” on its five-year, $80-million global capital investment plan for its Network Solutions business.

These investments aim to increase production capacity worldwide and upgrade facility equipment, and “strengthens the $202-million acquisition of Berk-Tek in 2020”.

“More than $20 million of the planned investment is complete and is already contributing to strong growth and additional capacity across all areas of our business,” said Ross Goldman, executive vice-president, and general manager, Leviton Network Solutions.

A significant portion of the investment plan involves expanding the fiber optic cabling manufacturing facility located in Fuquay-Varina, N.C. The expansion project broke ground in December 2022. When completed in 2024, the facility will be equipped “to support long-term growth” of multi- and single-mode cables, and made-to-order assemblies.

Advertisement

In addition: new capacity has been added to Leviton’s Atlas-X1 and Extreme connectivity platforms; new equipment has been installed in the Glenrothes, Scotland, cabling manufacturing facility; new FO cable armouring capacity at Fuquay-Varina; new Cat 6A equipment in New Holland, Pa.


Print this page

Advertisement

Stories continue below