WALTHAM, Mass.--(BUSINESS WIRE)--ModusLink Corporation, a wholly owned subsidiary of ModusLink Global Solutions, Inc.(NASDAQ: MLNK), a global, omni-channel technology and fulfillment provider, today announced it has strengthened the competitiveness of its solutions center in Guadalajara, Mexico by securing AAA Status Certification for Ley del Impuesto al Valor Agregado (IVA) (Value Added Tax) and Ley del Impuesto al Valor Agregado (IEPS) (Product and Services Tax).
This certification, which is awarded by the Mexican Treasury Department, is issued to companies in good financial standing that, by being tax-abiding entities, are current on declarations and payments, and have a positive proven track record for fiscal and customs compliance.
For ModusLink’s customers, this certification allows for nearshoring of manufacturing and fulfillment operations in Guadalajara, without exposing them to financial cost for the payment of Value Added Tax and IEPS on temporarily imported goods meant for export. The certification means freeing up capital for ModusLink’s customers who select to operate out of Guadalajara.
“With this certification in place, our Guadalajara solutions center can give North American, European and Latin American companies alike a strong nearshoring partner that can help them get products to consumers quickly and effectively,” said Scott Smith, Chief Commercial Officer of ModusLink. “We are very proud to have obtained this certification as it reflects the caliber of work and standards that we hold our solution centers to.”
AAA certification allows manufacturing clients a lower financial cost when importing certain goods into Mexico temporarily; including raw materials, machinery and equipment.
Established in 1999, ModusLink’s Guadalajara solution center is strategically located in Mexico’s “Silicon Valley.” The solution center specializes in providing content manufacturing solutions to high-technology and e-commerce clients in addition to providing supply chain management services, such as assembly solutions, co-location and fulfillment.
For more information on ModusLink’s solutions center in Mexico please visit: www.moduslink.com/solutions/guadalajara-mexico-solution-center
About ModusLink Corporation
ModusLink Corporation, a wholly owned subsidiary of ModusLink Global Solutions, Inc. (NASDAQ: MLNK), is a global, omni-channel technology and fulfillment provider that gives clients real-time visibility into their end-to-end supply and demand chain operations, with expertise and facilities worldwide to manage forward and reverse logistics. The company’s operations are supported by more than 25 sites across North America, Europe and the Asia/Pacific region. For more information, please visit www.moduslink.com and www.valueunchained.com, the blog for supply chain professionals.
This release contains forward-looking statements, which address a variety of subjects including, for example statements regarding ModusLink’s efforts to strengthened the competitiveness in Mexico. All statements other than statements of historical fact are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink's success, including its ability to reach its revenue, sales and profitability goals depends on its ability to execute on its business strategy as well as the continued and increased demand for and market acceptance of its services; global economic conditions, especially in the technology sector are uncertain and subject to volatility; demand for ModusLink’s clients' products may decline or may not achieve the levels anticipated by ModusLink’s clients; and increased competition and technological changes in the markets in which ModusLink competes. For a detailed discussion of cautionary statements that may affect ModusLink's future results of operations and financial results, please refer to ModusLink's filings with the Securities and Exchange Commission, including ModusLink's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. ModusLink does not undertake any obligation to update forward-looking statements made by the company.
ModusLink Global Solutions is a trademark of ModusLink Global Solutions, Inc. All other company names and products are trademarks or registered trademarks of their respective companies.
This certification, which is awarded by the Mexican Treasury Department, is issued to companies in good financial standing that, by being tax-abiding entities, are current on declarations and payments, and have a positive proven track record for fiscal and customs compliance.
For ModusLink’s customers, this certification allows for nearshoring of manufacturing and fulfillment operations in Guadalajara, without exposing them to financial cost for the payment of Value Added Tax and IEPS on temporarily imported goods meant for export. The certification means freeing up capital for ModusLink’s customers who select to operate out of Guadalajara.
“With this certification in place, our Guadalajara solutions center can give North American, European and Latin American companies alike a strong nearshoring partner that can help them get products to consumers quickly and effectively,” said Scott Smith, Chief Commercial Officer of ModusLink. “We are very proud to have obtained this certification as it reflects the caliber of work and standards that we hold our solution centers to.”
AAA certification allows manufacturing clients a lower financial cost when importing certain goods into Mexico temporarily; including raw materials, machinery and equipment.
Established in 1999, ModusLink’s Guadalajara solution center is strategically located in Mexico’s “Silicon Valley.” The solution center specializes in providing content manufacturing solutions to high-technology and e-commerce clients in addition to providing supply chain management services, such as assembly solutions, co-location and fulfillment.
For more information on ModusLink’s solutions center in Mexico please visit: www.moduslink.com/solutions/guadalajara-mexico-solution-center
About ModusLink Corporation
ModusLink Corporation, a wholly owned subsidiary of ModusLink Global Solutions, Inc. (NASDAQ: MLNK), is a global, omni-channel technology and fulfillment provider that gives clients real-time visibility into their end-to-end supply and demand chain operations, with expertise and facilities worldwide to manage forward and reverse logistics. The company’s operations are supported by more than 25 sites across North America, Europe and the Asia/Pacific region. For more information, please visit www.moduslink.com and www.valueunchained.com, the blog for supply chain professionals.
This release contains forward-looking statements, which address a variety of subjects including, for example statements regarding ModusLink’s efforts to strengthened the competitiveness in Mexico. All statements other than statements of historical fact are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink's success, including its ability to reach its revenue, sales and profitability goals depends on its ability to execute on its business strategy as well as the continued and increased demand for and market acceptance of its services; global economic conditions, especially in the technology sector are uncertain and subject to volatility; demand for ModusLink’s clients' products may decline or may not achieve the levels anticipated by ModusLink’s clients; and increased competition and technological changes in the markets in which ModusLink competes. For a detailed discussion of cautionary statements that may affect ModusLink's future results of operations and financial results, please refer to ModusLink's filings with the Securities and Exchange Commission, including ModusLink's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. ModusLink does not undertake any obligation to update forward-looking statements made by the company.
ModusLink Global Solutions is a trademark of ModusLink Global Solutions, Inc. All other company names and products are trademarks or registered trademarks of their respective companies.
