Nelco Wuxi, a wholly owned Park subsidiary, is located approximately 140 kilometers northwest of Shanghai in the Wuxi-Singapore Industrial Park in Wuxi, China. Nelco Wuxi will provide advanced multilayer circuitry materials, as well as customer and technical support services, to leading electronics manufacturing customers throughout China. Mr. Erismann has over twenty-five years of experience in manufacturing, sales and marketing in senior management positions in large multi-national corporations in the electronics field, such as National Semiconductor and Astec (BSR) Plc. He was managing director of Astec Circuit Boards Ltd. in Hong Kong from 1983 to 1992, and he was managing director of Zemos China Ltd., a manufacturer of cable assemblies, wire harnesses and printed circuit board assemblies in Zhong Shan, Guangdong, China from 1993 to June 1998. Mr. Erismann has been an elected member of the investment committee of the Sino-Swiss Partnership Fund on behalf of the Swiss government for several years. Since June 1998, Mr. Erismann has been engaged in providing consulting services in China to assist foreign investors in establishing operations in China. Mr. Erismann has been working and living in the Far East since 1976 and in China for the past five years. Brian Shore, Park's President and CEO, said, "We are so very thrilled and delighted that Roland Erismann has joined our Company as our China Country Manager and as General Manager of our Nelco Wuxi business. Roland is a very seasoned, high level business executive with extensive experience in Asia and specifically in China. Our retaining someone of Roland's very high caliber as our leader for China further evidences our Company's long term commitment to the fast-growing China electronics market. We are all looking forward to working with Roland, and we are very excited about our Company's prospects for success in China under Roland's leadership and guidance." Mike Hehl, Managing Director of Nelco Products Pte. Ltd., said, "I am very pleased to have Roland join us and bring his twenty five years of business experience to our organization. We are looking forward to his leadership in establishing Park/Nelco's presence in the China market." Certain portions of this news release may be deemed to constitute forward looking statements that are subject to various factors which could cause actual results to differ materially from Park's expectations. Such factors include, but are not limited to, general conditions in the electronics industry, Park's competitive position, the status of Park's relationship with its customers, economic conditions in international markets, the cost and availability of utilities, and the various factors set forth under the caption "Factors That May Affect Future Results" after Item 7 of Park's Annual Report on Form 10-K for the fiscal year ended February 25, 2001. Park Electrochemical Corp. is a leading global designer and producer of electronic materials used to fabricate complex multilayer printed circuit boards and interconnection systems. Park specializes in advanced materials for high layer count circuit boards and high speed digital broadband telecommunications, internet and networking applications. Park's electronic materials business operates through fully integrated business units in Asia, Europe and North America. The Company's manufacturing facilities are located in Singapore, China, Germany, France, England, Massachusetts, Connecticut, New York, Arizona and California. Park's electronic materials business operates under the "Nelco" name. |
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Updated
November 8, 2001
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