Company honored for the digital transformation of a smart factory, avatar-based line stop assistant and an ambitious sustainability strategy spanning the value chain.

 

San Jose, Calif., March 31, 2022– Flex (NASDAQ: FLEX) today announced that the company is a multiple Manufacturing Leadership Awards winner for the fourth year in a row. Flex was recognized for outstanding leadership and achievements in Enterprise Integration and Technology, Operational Excellence, and Sustainability and Circular Economy categories. The annual awards are sponsored by the National Association of Manufacturers.

 

In the Enterprise Integration and Technology category, Flex was honored for the advanced manufacturing practices in its Suhong, China facility, based on smart factory technologies, facilitating the production of complex semiconductor test equipment. As a result of its multi-year digital transformation, Flex successfully automated the highly complex process for their customer, delivering real-time analytics and control through an end-to-end IoT ecosystem.

 

In the Operational Excellence category, Flex was recognized for an avatar-based line stop assistant, LISA, at its factory in Althofen, Austria. The facility reduced changeover time by 10%, line clearance time by 85% and quality related downtime by 56%. The implementation of LISA, the industry’s first of its kind, eliminated tedious and repetitive work for more than 900 product changeovers per month, allowing employees to focus on higher value-add work.

 

In the Sustainability and Circular Economy category, Flex was honored for its 2030 sustainability strategy and goals, the company’s most ambitious yet, and acceptance into the Science Based Targets initiative (SBTi). Admission required quantifying all Scope 3 emissions – encompassing thousands of different products – and committing to work with suppliers and customers to help further mitigate carbon emissions across the value chain. Flex was also the first in its industry to have SBTi-recognized Scope 1, 2 and 3 targets.

 

“It’s extraordinary to see our team members’ accomplishments celebrated as they strive to lead the manufacturing industry into the future, using sustainable, advanced manufacturing technologies and approaches that improve the workplace and the world,” said Hooi Tan, president of operations and components at Flex. “We are proud of our talented people and that the innovative work they do, every day, has been recognized by the National Association of Manufacturers.”

 

About the Manufacturing Leadership Awards

 

The Manufacturing Leadership Awards honor manufacturing companies and individual manufacturing leaders that are shaping the future of global manufacturing through digital transformation. Winning projects and individual manufacturing leaders have demonstrated achievement in one of a wide range of categories, and are chosen by a panel of expert judges for results that have delivered clear and compelling value, return on investment, and other tangible outcomes. The highest-scoring High Achiever in each project category, 2022 Manufacturers of the Year, and 2022 Manufacturing Leader of the Year will be unveiled at the Manufacturing Leadership Awards Gala on June 29, 2022.

 

For more information on the Manufacturing Leadership Awards, please go to https://www.manufacturingleadershipcouncil.com/leadership-awards/.

 

About the Manufacturing Leadership Council

 

Founded in 2008 and now a division of the National Association of Manufacturers, the Manufacturing Leadership Council’s mission is to help manufacturing companies transition to the digital model of manufacturing by focusing on the technological, organizational, and leadership dimensions of change. With more than 3,300 senior-level members from many of the world’s leading manufacturing companies, the MLC focuses on the intersection of advanced digital technologies, growth and improvement opportunities in operations, and changes to leadership and organizational structures as manufacturing enterprises pursue their journey to Manufacturing 4.0.

 

www.manufacturingleadershipcouncil.com

 

About the National Association of Manufacturers

 

The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of all private-sector research and development in the nation. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States.

 

The NAM’s world-class staff of policy experts provide unmatched access and information on the key issues affecting your business and bottom line. We are on the front lines of a wide range of policy battles, from immigration reform and labor relations, to energy and the environment, to trade policy and taxes. At every turn, we are working on behalf of manufacturers in America to advance policies that help manufacturers do what they do best: create economic strength and jobs.

 

www.nam.org

 

About Flex

 

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

 

Investors & Analysts

 

David Rubin

Vice President, Investor Relations

(408) 577-4632

David.Rubin@flex.com

 

 Media & Press

Mark Plungy

Director, Corporate Integrated Communications

(408) 442-1691

Mark.Plungy@flex.com

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