NEENAH, WI, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) is pleased to announce its position as a founding member of the Semiconductor Climate Consortium (SCC). This newly formed group, supported by SEMI, a leading industry association representing the electronics manufacturing and design supply chain, was created to accelerate the reduction of greenhouse gas emissions throughout the semiconductor value stream.

“When tackling issues, especially ones as important as reducing greenhouse gas emissions, there’s power in numbers,” said Megan Schleicher, Senior Director of ESG at Plexus. “The creation of, and participation in, groups like this supports our ESG mission of building a better world by the way we innovate and operate.” The founding members of the SCC are comprised of leading companies throughout the semiconductor value stream that are committed to collaboration, transparency and driving climate process in support of the 1.5C pathway set by the Paris Agreement and related accords.

“At Plexus, we continually strive to be a strategic partner to our customers by supporting them throughout their product’s lifecycle by innovating in design, navigating complex supply chains, manufacturing with zero defects and sustaining the products once launched into market,” said Nate Doemling, Plexus’ Market Sector Vice President – SemiCap. “Our participation in groups like this will allow us to be a better advocate for sustainable manufacturing practices across all industries, while providing greater support to our customers on their ESG journeys.”

“I applaud Plexus for its commitment to become a founding member of the SCC and for its continued support of global sustainability efforts,” said Ajit Manocha, SEMI President and CEO. “Individually, SEMI member companies have made tremendous strides on sustainability, but we need to pool industry resources to solve the difficult decarbonization challenges and to meet tracking and reporting requirements across the value chain. The SCC members look forward to defining and prioritizing sustainability goals and harnessing the collective energy of the global semiconductor supply chain to create solutions.”

Joining the SCC as a founding member represents one of a growing number of strategic partnerships in support of ESG efforts for Plexus. More information on the foundations of Plexus’ ESG strategy and initiatives can be found at www.plexus.com/en-us/corporate-social-responsibility.

Investor and Media Contact
Shawn Harrison
+1.920.969.6325
shawn.harrison@plexus.com

About Plexus
Since 1979, Plexus has been partnering with companies to create the products that build a better world. We are a team of nearly 25,000 individuals who are dedicated to providing Design and Development, Supply Chain Solutions, New Product Introduction, Manufacturing and Sustaining Services. Plexus is a global leader that specializes in serving customers in industries with highly complex products and demanding regulatory environments. Plexus delivers customer service excellence to leading companies by providing innovative, comprehensive solutions throughout a product’s lifecycle. For more information about Plexus, visit our website at www.plexus.com.

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The statements contained in this press release that are guidance or which are not historical facts (such as statements in the future tense and statements including believe, expect, intend, plan, anticipate, goal, target and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include the evolving effect, which may intensify, of COVID-19 on our employees, customers, suppliers, and logistics providers, including the impact of governmental actions being taken to curtail the spread of the virus. Other risks and uncertainties include, but are not limited to: the effect of inflationary pressures on our costs of production, profitability, and on the economic outlook of our markets; the effects of shortages and delays in obtaining components as a result of economic cycles, natural disasters or otherwise; the risk of customer delays, changes, cancellations or forecast inaccuracies in both ongoing and new programs; the lack of visibility of future orders, particularly in view of changing economic conditions; the economic performance of the industries, sectors and customers we serve; the effects of tariffs, trade disputes, trade agreements and other trade protection measures; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; our ability to secure new customers, maintain our current customer base and deliver product on a timely basis; the risks of concentration of work for certain customers; the particular risks relative to new or recent customers, programs or services, which risks include customer and other delays, start-up costs, potential inability to execute, the establishment of appropriate terms of agreements, and the lack of a track record of order volume and timing; the effects of start-up costs of new programs and facilities or the costs associated with the closure or consolidation of facilities; possible unexpected costs and operating disruption in transitioning programs, including transitions between Company facilities; the risk that new program wins and/or customer demand may not result in the expected revenue or profitability; the fact that customer orders may not lead to long-term relationships; our ability to manage successfully and execute a complex business model characterized by high product mix and demanding quality, regulatory, and other requirements; the risks associated with excess and obsolete inventory, including the risk that inventory purchased on behalf of our customers may not be consumed or otherwise paid for by the customer, resulting in an inventory write-off; risks related to information technology systems and data security; the ability to realize anticipated savings from restructuring or similar actions, as well as the adequacy of related charges as compared to actual expenses; increasing regulatory and compliance requirements; the effects of U.S. Tax Reform, any tax law changes as a result of change in U.S. presidential administration, and of related foreign jurisdiction tax developments; current or potential future barriers to the repatriation of funds that are currently held outside of the United States as a result of actions taken by other countries or otherwise; the potential effects of jurisdictional results on our taxes, tax rates, and our ability to use deferred tax assets and net operating losses; the weakness of areas of the global economy; the effect of changes in the pricing and margins of products; raw materials and component cost fluctuations; the potential effect of fluctuations in the value of the currencies in which we transact business; the effects of changes in economic conditions, political conditions and tax matters in the United States and in the other countries in which we do business; the potential effect of other world or local events or other events outside our control (such as the conflict between Russia and Ukraine, changes in energy prices, terrorism, global health epidemics and weather events); the impact of increased competition; an inability to successfully manage human capital; changes in financial accounting standards; and other risks detailed herein and in our other Securities and Exchange Commission filings, particularly in Risk Factors contained in our fiscal 2021 Form 10-K and subsequently filed quarterly reports on Form 10-Q.