Plastic Logic moves HQ back to Cambridge
Plastic Logic, buoyed by Russian cash, is moving its global headquarters back to Cambridge from California under a new CEO.
Indro Mukerjee, who replaces Richard Archuleta in the driving seat, will be based in Cambridge, the company has revealed. It said Archuleta was leaving after four years to pursue other opportunities in the tech sector.
Mukerjee joins as the plastronics pioneer launches its first commercial product – an ereader for the Russian education market, first revealed in Business Weekly in August.
Plastic Logic plans to begin its initial commercial product rollout later this year and is in the process of building its second manufacturing plant in Zelenograd, Russia.
That plant, planned to be the world’s largest plastic electronics production facility, will open in 2013/2014. Groundbreaking for the Zelenograd factory is planned later this year.
At the same time, Plastic Logic continues to invest in the expansion of its first high-volume, state-of-the-art manufacturing facility in Dresden, Germany, which opened in 2008, as well as its technology R & D centre in Cambridge, UK and its product development hub in Mountain View, CA.
Plastic Logic said the switch of HQ back to Cambridge from the US reflected the company’s increasing European focus.
Mukerjee brings extensive executive experience from leading global multinational, new venture and investment-backed fast moving technology and industrial companies.
Most recently, he served as chairman and CEO of C-MAC MicroTechnology, leading the business transformation of the international high-reliability electronics manufacturing firm since 2006. He was previously with Philips Semiconductors BV.