Premium Sound Solutions (a D+M Group Company) Further Commits to Central Mexico Manufacturing with Five-year Lease Extension through Entrada Group
September 26, 2013 (Austin, Texas) — Premium Sound Solutions (PSS) has agreed to a five-year lease extension and shelter contract with the Entrada Group in their manufacturing facility in Fresnillo, Zacatecas, Mexico. The agreement not only includes full-service facilities management within Entrada’s state-of-the-art industrial park, but also comprehensive access to the full support of Entrada’s shared services center there, which handles HR and recruitment, payroll, finance, transport and logistics, IT and more for international manufacturers based both within and outside of the park in central Mexico. Under Entrada Group’s assistance for the past four-plus years, PSS has increased their manufacturing footprint from 43,000 sq feet to 87,000 sq feet and doubled their headcount.
Over four years ago, PSS, headquartered in Belgium, expanded into Mexico after automotive clients requested that PSS have closer proximity to their North American car assembly facilities. This strategic footprint expansion and the efficiency of their Mexican operation has resulted in valuable new business with other automotive manufacturers as well as topline growth.
“Central Mexico is an important part of the ongoing growth strategy for Premium Sound Solutions,” said Jean-Philippe Couasnard, Chief Operating Officer for PSS. “We have enjoyed reduced shipping times, high-quality production and steadily increasing business fulfilling NAFTA rules of origin. In addition, our Mexico manufacturing location has opened up new opportunities into North America, delivering extra growth.”
Premium Sound Solutions is a subsidiary of D+M Group, a leading global audio and video company that delivers cutting-edge products and services for today’s multimedia lifestyle. Some renowned brands are Denon, Marantz, Boston Acoustics, Denon DJ and D+M Professional.
About Premium Sound Solutions:
Premium Sound Solutions offers audio products for consumer and automotive business-to-business markets. Automotive sound solutions include standard & premium speakers; active and passive subwoofer solutions; multichannel amplifiers; and system integration and tuning services. The company also designs and manufactures consumer audio products, including docking stations, soundbars, PC speakers and wireless audio streaming solutions, Premium Sound Solutions was formerly known as Philips Sound Solutions before being acquired by D+M Group in 2007. The company is headquartered in Dendermonde, Belgium with sales offices in Belgium, UK, Germany, Hong Kong, China, India and the United States. It has development centers and production facilities in Belgium, China, India, Hungary, Ukraine and Mexico