Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 80

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 2
Chunk 80
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Table of Contents 

ITEM 2.     PROPERTIES 

As of December 31, 2024, we occupied principal manufacturing facilities and business centers in the following locations:

Reportable SegmentApproximate Square Footage (in thousands)Performance SensingSensing SolutionsCountryLocationOwnedLeasedBulgariaBotevgradX184—BulgariaPlovdivX125—BulgariaSofiaX—121ChinaBaoying (1)XX301385ChinaChangzhouXX618—IndiaPuneXX—47MalaysiaSubang JayaX138—MexicoAguascalientesXX613—MexicoMexicaliXX—116MexicoTijuana XX—258The NetherlandsHengeloXX—94United KingdomAntrimX—112United KingdomSwindon (2)XX—34United StatesAttleboro, MA (3)XX—435United StatesCarpinteria, CAXX—40United StatesThousand Oaks, CAXX—115United StatesBurlington, VTX—1331,9791,890

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(1)    The owned portion of the properties in this location serves the Sensing Solutions segment only.

(2)    Our U.K. headquarters is located in this facility.

(3)    Our U.S. headquarters is located in this facility. 

These facilities are primarily devoted to research, development, engineering, manufacturing, and assembly. In addition to these principal facilities, we occupy other manufacturing, engineering, warehousing, administrative, and sales facilities worldwide, which are primarily leased.

We consider our manufacturing facilities sufficient to meet our current operational requirements. An increase in demand for our products may require us to expand our production capacity, which could require us to identify and acquire or lease additional manufacturing facilities. We believe that suitable additional or substitute facilities will be available as required; however, if we are unable to acquire, integrate, and move into production the facilities, equipment, and personnel necessary to meet such an increase in demand, our customer relationships, results of operations, and/or financial condition may suffer materially. Leases covering our currently occupied principal leased facilities expire at varying dates within the next 12 years. We do not anticipate difficulty in retaining occupancy through lease renewals, month-to-month occupancy, or by replacing the leased facilities with equivalent facilities. 

A significant portion of our owned properties and equipment is or may become subject to a lien under the Senior Secured Credit Facilities. Refer to Note 14: Debt of our