Ad-hoc | 11 March 2008 18:45
AT & S Austria Technologie & Systemtechnik AG / Strategic Company Decision
Release of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AT&S AG, Vienna, Austria, March 11, 2008
In its 52nd meeting, the Supervisory Board of AT&S Austria Technologie &
Systemtechnik Aktiengesellschaft approved to build a new plant in
Nanjangud, India. The decision is based on the fact that the capacity of
the existing factory, also located in Nanjangud, is currently fully
utilized and on the clearly increasing demand from our existing customers
for standard multilayer and double-sided PCBs.
The investments for this project will presumably amount to EUR 24 million
in fiscal year 2008/09 and EUR 12 million in 2009/10. AT&S Group’s total
investments for fiscal year 2008/09 and 2009/10 will presumably be less
than EUR 90 million and less than EUR 60 million, respectively.
The management of AT&S anticipates first time revenue contributions of the
new plant of around EUR 18 million in 2009/10 and, thereafter, as soon as
the capacities will have been fully built-up, revenues of approximately EUR
37 million.
For more information please contact Hans Lang, IRO,
Tel. +43 (1) 68300-9259, e-mail: h.lang@ats.net, or see www.ats.net.
11.03.2008 Financial News transmitted by DGAP
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Language: English
Issuer: AT & S Austria Technologie & Systemtechnik AG
Fabriksgasse 13
8700 Leoben
Österreich
Phone: +43 (1) 3842200-0
Fax: +43 (1) 3842200-216
E-mail: info@ats.net
Internet: www.ats.net
ISIN: AT0000969985
WKN: 922230
Indices: TecDAX
Listed: Foreign Exchange(s) Wien
End of News DGAP News-Service
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