BENCHMARK ELECTRONICS INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Item 2. Properties
Our customers market numerous products throughout the world and therefore need to access manufacturing services on a global basis. To enhance our service offerings, we seek to locate our facilities either near our customers and our customers’ end markets in major centers for the electronics industry or, where appropriate, in lower cost locations.
A summary of the approximate square footage of each of our principal manufacturing facilities by country follows:
| Square | |
|---|---|
| (in thousands) | Footage |
| Americas: | |
| United States: | |
| Alabama | 200 |
| Arizona | 234 |
| California | 310 |
| Minnesota | 481 |
| New Hampshire | 153 |
| Texas | 45 |
| Mexico | 838 |
| Asia: | |
| China | 326 |
| Malaysia | 436 |
| Thailand | 756 |
| Europe: | |
| Netherlands | 159 |
| Romania | 222 |
| Total square footage | 4,160 |
Our principal manufacturing facilities consist of 1.9 million square feet in facilities that we own, with the remaining 2.3 million square feet in leased facilities whose terms expire between 2024 and 2036. We currently lease our corporate headquarters in Tempe, Arizona. This lease consists of approximately 64,000 square feet. We lease other facilities with a total of 26,700 square feet dedicated to engineering, sales and procurement services. We believe our facilities are suitable for their intended uses and are sufficient to meet our expected needs for the foreseeable future.
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