Lighting Science Group, a manufacturer of LED lighting products, is transitioning some of its manufacturing production from Monterrey, Mexico to electronics maker Jabil Circuit.
Jabil Circuit, headquartered in St. Petersburg, Florida manufactures electronic components for a wide range of industries, including defense and health care. Earlier this week, Jabil reported fiscal year revenues for the period ended Aug. 31 of $17.2 billion.
The transition is planned to ensure uninterrupted delivery of products to the market, the company said. Once the transition is complete, production will cease at the Monterrey facility. Additionally, Lighting Science Group is increasing investments in its Satellite Beach, Florida manufacturing facility, where it will focus primarily on the production of large-scale, custom lighting products and its infrastructure and roadway product lines.
The company said it is realigning its manufacturing operations to capitalize on increasing market demand for its LED lighting products, while positioning the company for long-term growth and profitability.
In a press release, it pointed to a 2012 McKinsey & Company report that predicted that LED lighting will comprise almost 70% of the general lighting market by 2020.
Lighting Science Group is headquartered in Florida. The company’s European operations are based in Middelburg, The Netherlands and the Company has a sales office in Sydney, Australia. Lighting Science Group employs approximately 1,000 workers building lighting products from domestic and imported parts.Tagged with tED