Regulatory Filings • Mar 18, 2011
Regulatory Filings
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Media | 18 March 2011 09:26
Schweizer Electronic AG: Natural catastrophe in Japan has no impact on Schweizer Electronic’s ability to supply
Schweizer Electronic AG / Key word(s): Enterprise/
18.03.2011 / 09:26
Schramberg, March 18, 2011 – One week after occurrence of the natural catastrophe in Japan, Schweizer Electronic AG assures their customers ability to supply without restrictions. At the beginning of this week the company reported a production stop in two plants of its strategic cooperation partner Meiko Electronics. Schweizer's customers will not be negatively affected by this incident as the plants in China and Vietnam, relevant for the cooperation, have not been impacted. Due to their significant size, those plants will even be able to take over production of the inoperative sites based in Japan.
The situation in Japan has currently no impact on our production in Schramberg. We purchase material from there (e.g. spare parts for our production lines) and the supply is secured for a foreseeable time frame. Schweizer's Sales Forecast for the year 2011 – an increase in sales of 5% to 15% compared to 2010 – remains unchanged.
After a consultation with the company's auditors, a change in the valuation of the participation financing in Meiko Electronics is not deemed necessary.
About Schweizer:
Schweizer Electronic AG (WKN 515623) is one of the Top 3 PCB manufacturers in Europe with recognized technology and consulting expertise in the field of automobile, solar and industrial electronics. The company was established in 1849 and is currently managed by the sixth generation of the family.
Schweizer Electronic is focused on complex multilayer and HDI circuits as well as solutions for reducing the system cost and improving the integration of active and passive components on the PC board. In addition, Schweizer Electronic has many answers to the challenges of modern power electronics. With its network of partners, Schweizer Electronic AG offers optimal cost and manufacturing solutions for small, medium and large series.
For further information please contact
| Susanne Schorn Media & Communications Schweizer Electronic AG Einsteinstraße 10 78713 Schramberg |
Phone: +49 7422 / 512-213 Fax: +49 7422 / 512-397 E-mail: [email protected] Please visit our website: www.morethanPCBs.com |
End of Media Release
18.03.2011 Dissemination of a Press Release, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Schweizer Electronic AG |
| Einsteinstraße 10 | |
| 78713 Schramberg | |
| Deutschland | |
| Phone: | 07422-512-301 |
| Fax: | 07422-512-397 |
| E-mail: | [email protected] |
| Internet: | www.schweizerelectronic.ag |
| ISIN: | DE0005156236 |
| WKN: | 515623 |
| Listed: | Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin |
| End of News | DGAP-Media |
| - - - |
| 116039 18.03.2011 |
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