New Product Development Center for JOFX

Online, June 23, 2011 (Newswire.com) - JOFX today announced that a new JOFX Product Development (JOFXPD) Center will be created, to carry out next generation product development at its JOFX facility, with the establishment of an Innovation Centre.

The Centre is an important part of JOFPD's future global strategy and the work of the Centre will support the development of next generation market products and operations. 40 people will work in the new purpose, to be built, Innovation Centre.

JOFX Board Member, Joachim Wagner said "The level of innovation involved in this project is very high given that the work will be at the cutting-edge of precision. I am delighted to welcome this investment, as it is highly significant for JOFX. It positions JOFXPD as a strategic centre-of-excellence in product development and ensures an integrated approach to product development from concept to full implementation in the market."

JOFX's decision to develop this Innovation Centre was due to the positive business experience we had Globally since the establishment of the Exchange Global Supply Chain operations in early 2000.

"This is a significant development for JOFX and the quality and commitment of our workforce were key factors behind this investment in JOFXPD", said Mr. Wagner. "We look forward to building on the success of our current operations."