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Stock impact report

SANMINA CORPORATION ANNOUNCES EXPANSION OF ENERGY BUSINESS WITH NEW STATE-OF-THE-ART FACTORY IN HOUSTON, TEXAS

Sanmina Corporation (SANM) 
Last sanmina corporation earnings: 4/27 04:02 pm Check Earnings Report
Company Research Source: PR Newswire
SAN JOSE, Calif., Dec. 16, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina") (NASDAQ: SANM), today announced a major expansion of its Energy business with a new state-of-the-art factory in Houston, Texas focused on the US energy market and capable of building a broad range of high-quality energy products, including: medium-voltage distribution transformers, instrument transformers and switchgear. Production is expected to start in 2027 with initial customer commitments in place already.In parallel, Sanmina also announced it has entered into an agreement with Koncar - Electrical Industry Inc. ("Koncar") to co-design a custom medium-voltage transformer for Sanmina, and to explore more opportunities for the companies to work together in support of Koncar's growth plans for the US market.Commenting on the investment, Jure Sola, Chairman and CEO of Sanmina noted: "We are very pleased to announce this expansion of Sanmina's Energy-related business. We believe that the transmission, distr Show less Read more
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