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EXHIBIT 99
This release contains certain forward-looking statements, which are subject to a
number of risks and uncertainties. Some factors that could cause actual results
to differ materially include: business conditions and growth in the contract
manufacturing industry and the general economy; variability of operating
results; dependence on a limited number of customers; limited availability of
components; dependence on certain industries; variability of customer
requirements; and other risk factors described in the company's most recently
filed SEC documents such as the registration statement referenced herein and the
Company's Form 10-K, filed with the Securities and Exchange Commission on
November 12, 1999.
FOR IMMEDIATE RELEASE:
Jabil Set to Break Ground in Chihuahua
August 14, 2000, St. Petersburg, FL -- Jabil Circuit Inc., (NYSE: JBL) a world
leader in the electronic manufacturing services (EMS) industry, has broken
ground on 550,000 square feet of manufacturing space in Chihuahua, Mexico.
Two plants, each planned at 275,000 square feet, will extend Jabil's reach into
the Latin American market while providing a pivotal location to service North
American customers. One plant will be dedicated to serving the automotive
industry while the other will focus on serving the consumer sector.
Jabil's initial investment is valued at more than $15 million. The facilities
are projected to be completed during the first quarter of 2001.
Leonel Quintanilla, Jabil's Chihuahua operations manager, said the strategic
location and rich labor market, as well as the support of the Chihuahua and
Mexican governments, helped attract Jabil to the area.
"The city of Chihuahua has a strong manufacturing tradition and it is home to
some of the best manufacturing plants in the world. In Chihuahua Jabil Circuit
will have a world-class operation with employees focused on total customer
satisfaction," Quintanilla said.
Jabil expects to hire up to 6,000 employees at the Chihuahua facilities during
the next several years.
Bill Muir, Jabil's senior director of operations, said the plants will have a
positive impact on the Chihuahua community, in part by providing job
opportunities for residents. "Workers will have the opportunity for hands-on
training, both in Mexico and the United States," said Muir.
All Jabil employees receive competitive salaries and health benefits and can
participate in company profit sharing and a 401K savings plan. Employees are
also able to take advantage of language classes, training seminars and various
educational opportunities.
Jabil's current Mexico operations include a 43,000-square-foot leased facility
located in Chihuahua, a 63,000-square-foot facility in Tijuana and a
383,000-square-foot manufacturing plant in Guadalajara. The Guadalajara plant
employs about 3,500 people and will continue to operate normally, as will the
Tijuana facility. The leased Chihuahua facility will accommodate more than 300
workers by the end of 2000.
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Jabil Circuit, Inc. is an electronic manufacturing services provider for
international electronics companies in the communications, personal computer,
peripherals, consumer and automotive markets. Jabil offers circuit design, board
design from schematic, mechanical and production design, prototype assembly,
volume board assembly, system assembly, direct fulfillment, repair and warranty
services from locations in North American, Latin America, Europe and Asia.
Further information about Jabil can be found on the World Wide Web at
http://www.jabil.com.
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Media Contact:
Lisa D. Allison
Marketing Communications Manager
Jabil Circuit, Inc.
(727) 803-3314
[email protected]
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