CELESTICA INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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Item 2. Properties
The following table summarizes our principal owned and leased properties as of February 28, 2025. These sites are used to provide manufacturing services and solutions, including the manufacture of PCBs, assembly and configuration of final systems, complex mechanical assembly, precision machining, as well as other related services and customer support activities, including design and development, warehousing, distribution, fulfillment and after-market services, with a total of approximately 7.3 million square feet of productive capacity.
| Major locations | Estimated square footage (in thousands) | Segment | Owned/Leased | Lease Expiration Dates |
|---|---|---|---|---|
| Canada(1)(2) | 341 | ATS/CCS | Leased | between 2025 and 2028 |
| Arizona | 111 | ATS | Leased | 2027 |
| California(2) | 202 | ATS/CCS | Leased | between 2025 and 2028 |
| China(2)(3) | 1,026 | ATS/CCS | Owned/Leased | between 2025 and 2056 |
| Georgia(2) | 48 | CCS | Leased | between 2025 and 2026 |
| India | 23 | CCS | Leased | 2027 |
| Indonesia(3) | 169 | ATS | Owned/Leased | 2028 |
| Ireland(2) | 89 | ATS/CCS | Leased | between 2030 and 2034 |
| Japan(2) | 544 | ATS/CCS | Owned/Leased | 2026 |
| Laos | 114 | CCS | Leased | 2026 |
| Malaysia(2)(3) | 1,476 | ATS/CCS | Owned/Leased | between 2025 and 2060 |
| Massachusetts | 60 | ATS | Owned | N/A |
| Minnesota(2) | 82 | ATS | Leased | between 2025 and 2032 |
| Mexico(2) | 699 | ATS/CCS | Leased | between 2027 and 2032 |
| New Hampshire | 30 | CCS | Leased | 2028 |
| Oregon | 165 | ATS | Leased | 2026 |
| Romania | 286 | ATS/CCS | Owned | N/A |
| Singapore(2)(3) | 188 | ATS/CCS | Owned/Leased | between 2025 and 2053 |
| South Korea(2) | 207 | ATS | Owned/Leased | 2026 |
| Spain | 109 | ATS | Owned | N/A |
| Texas(4) | 274 | ATS/CCS | Leased | 2032 |
| Thailand(2)(3) | 1,011 | ATS/CCS | Owned/Leased | between 2025 and 2048 |
(1)In connection with our March 2019 Toronto real property sale, we entered into a 10-year lease with the purchaser of such property for our then-anticipated corporate headquarters, to be built by such purchaser on the site of our former location (Purchaser Lease). The Purchaser lease started in June 2024. In November 2022, we extended (on a long-term basis) the lease on our current corporate headquarters, and in 2023, we executed a sublease for a portion of the space under the Purchaser Lease. Leased square footage under Purchaser Lease was excluded from the table above.
(2)Represents multiple locations.
(3)With respect to these locations, the land is leased, and the buildings are either owned or leased by us.
(4)We are committed to leasing additional space at this site starting April 2027. See Item 7, MD&A — "Liquidity —Cash requirements — Contractual Obligations."
We consider each of the properties in the table above to be adequate for its purpose and suitably utilized according to the individual nature and requirements of the relevant operations. We currently expect to be able to extend the terms of expiring leases or to find replacement sites on commercially acceptable terms. Our principal executive office is located at 5140 Yonge Street, Suite 1900, Toronto, Ontario, Canada M2N 6L7.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.