February 5--GSI Group Inc. announced an expansion of its China manufacturing operations and restructuring of its UK manufacturing operations, as part of its overall plan to expand its presence in the growing Asian markets and increase profitability.
The Precision Technology Segment will be moving additional laser and high-speed air bearing spindle manufacturing from two UK facilities to GSI's China facility. GSI currently manufactures certain lasers and selected high-speed air bearing spindle components in Suzhou, China. GSI will reduce manufacturing capacity at its UK facilities, streamline operations, and discontinue production of selected low-volume legacy product lines after consultation with customers. The manufacturing transfer and related restructuring is expected to be completed by the end of 2007.
