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Coining Inc

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Coining Selects New Headquarters and Manufacturing Plant

Montvale, NJ, September 20, 2009 --( Coining announced today that it has selected a recently renovated facility in Montvale, NJ as the site for its new headquarters and primary domestic manufacturing location. The building is located at 15 Mercedes Drive in Montvale, NJ, about midway between Coining's existing facilities in Saddle Brook, NJ and Armonk, NY.

"We will combine all of our current activities in Saddle Brook and Armonk under one roof in Montvale," explains Gary Holcomb, Coining's CEO. "With this relocation, we will complete a facilities upgrade program that also includes new modern buildings for housing our manufacturing operations in Penang, Malaysia and Casablanca, Morocco."

"Efforts are well underway to design the build-out for housing our offices and manufacturing operations," remarks Coining's Vice President–Manufacturing Pete Pachella who helped lead the project to select the new facility. "We are starting with a clean slate in terms of our layout and will benefit greatly from having everything exactly where we want it. In particular, we are arranging our production equipment to streamline the flow of material and parts through our plant. Doing this will yield many benefits including even shorter lead-times, something for which Coining has always been known."

The design and construction phases of Coining's Montvale relocation project are projected to last nearly one year. The company expects to occupy this new facility sometime during the third quarter of 2010.

Coining, Inc. is the largest manufacturer of solder and brazing preforms worldwide and a leading producer of bonding wire and ribbon, jumper chips, bonding pads, tabs, heat sinks, lead frames, solder spheres and cover assemblies for microelectronics packaging and assembly. From its manufacturing locations in North America, Asia and Africa, the company supplies more than 800 customers in over thirty countries.

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Coining Inc
Gary Holcombe

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