Helios Technologies Executing Augmented Strategy; Opens New Balboa Facility in Mexico to Support Capacity Expansion and Advancing Innovation Across its Electronics Segment
13 Februar 2024 - 3:00PM
Business Wire
Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the
“Company”), a global leader in highly engineered motion control and
electronic controls technology, announced its operating company
Balboa will host its official ribbon cutting ceremony today,
unveiling a 68,000 square foot expansion of its Tijuana, Mexico
facility. Ambassadors from the Company as well as esteemed local
officials of Tijuana will be on hand to witness the ceremony.
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New building in Tijuana, Mexico adding
68,000 square feet of capacity (Photo: Business Wire)
In response to the growth opportunities for products from its
Electronics segment, Helios has expanded into a newly constructed
building adding 68,000 square feet of capacity to its existing
198,000 square foot facility. While water-based technology and
software solutions remain at the core of Balboa’s expertise, the
new facility supports the future growth of the Balboa business
along with Helios’ overall Electronics segment, which also includes
Enovation Controls and i3 Product Development. As a part of Helios’
‘in the region for the region’ manufacturing and operating
strategy, several Enovation products are already being manufactured
at Balboa and this capacity expansion will enable further room for
growth as Helios continues to become a global integrated operating
company. The expanded space will also be leveraged for growth in
intra- and inter-segment system sales, wire harnessing, and
innovative product development. It showcases the Company's
dedication to strengthening its leadership positions in its
respective end markets while leveraging those strengths to
collectively advance its technological capabilities. This will
enable Helios to offer even more innovative solutions to
diversified end markets.
"We have made methodical investments in the expansion of our
global facilities, as it reflects the growth and opportunities we
see before us," said Josef Matosevic, President and Chief Executive
Officer of Helios. "This expansion marks a crucial step in the
Company's commitment to meeting the evolving needs of its customers
and broadening its presence in both the electronics industry as
well as supporting the Company’s strategic entry into selling
integrated system solutions."
Helios’ dedication to innovation and excellence has been
recognized with hundreds of active, and recently filed patents and
trademarks. These patents showcase a commitment to pushing the
boundaries and introducing new and groundbreaking solutions. The
Company’s collection of intellectual property rights, trade
secrets, and manufacturing know-how built from decades of operation
is a testament to its commitment to deliver technology solutions to
customers that ensure safety, reliability, connectivity, and
control.
About Helios Technologies
Helios Technologies is a global leader in highly engineered
motion control and electronic controls technology for diverse end
markets, including construction, material handling, agriculture,
energy, recreational vehicles, marine and health and wellness.
Helios sells its products to customers in over 90 countries around
the world. Its strategy for growth is to be the leading provider in
niche markets, with premier products and solutions through
innovative product development and acquisition. The Company has
paid a cash dividend to its shareholders every quarter since
becoming a public company in 1997. For more information please
visit: www.heliostechnologies.com and follow us on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240213556602/en/
Investor and Media: Tania Almond Vice President, Investor
Relations and Corporate Communication (941) 362-1333
tania.almond@HLIO.com
Deborah Pawlowski Kei Advisors LLC (716) 843-3908
dpawlowski@keiadvisors.com
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