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.
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.
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