Park Electrochemical Corp. opens Singapore plant

Park Electrochemical announced the opening of its new "Pioneer Plant" in Jurong, Singapore. The plant will produce composite components for electronics equipment.

Park Electrochemical Corp. (Melville, N.Y.) announced the grand opening of its new advanced composite materials "Pioneer Plant"located on Pioneer Road in Jurong, Singapore. The new facility will focus on the development and manufacture of advanced composite materials for the aerospace industry in Asia. The new facility contains approximately 32,000 square feet of manufacturing, laboratory and office space. The Pioneer Plant will be operated by Park's wholly owned subsidiary, Nelco Products Pte. Ltd. ("Nelco Singapore”), which is also located in Jurong, Singapore. Nelco Singapore, which commenced operations in October 1986, develops and manufactures high-tech materials for the Asian electronics equipment industry. The grand opening of the Pioneer Plant coincided with the Singapore Air Show. Guests at the opening ceremony included customers, suppliers, employees and representatives from Singapore's Economic Development Board.

Brian Shore, Park Electrochemical Corp.'s president and CEO, said, "This is a big day for Park. Our Pioneer Plant will focus on Asia's aircraft manufacturing industry, which we believe will be a very high growth industry over the next ten years and more. The Pioneer Plant represents Park's on-the-ground investment in that high growth industry in Asia. Our Pioneer Plant is intended to be the sister-plant to Park's new advanced composite materials development and manufacturing facility currently under construction in Newton, Kansas.”

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials (the Nelco product line) and advanced composite materials (the Nelcote product line) principally for the telecommunications and internet infrastructure, high-end computing and aerospace markets. Park focuses on the general aviation aircraft segment of the aerospace market. Park's core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company's manufacturing facilities are located in Singapore, China, France, Connecticut, New York, Arizona and California. In addition, the company is in the process of constructing a new development and manufacturing facility in Newton, Kansas.