Regulatory Filings • Oct 27, 2011
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Corporate | 27 October 2011 16:30
Schweizer Electronic AG: Customers of Schweizer Electronic AG not impacted by shutdown of a Meiko plant
Schweizer Electronic AG / Key word(s): Miscellaneous
27.10.2011 / 16:30
Schramberg, October 27, 2011 – Schweizer Electronic AG, third biggest PCB manufacturer in Europe, today informs their customers about their unrestricted ability to supply. The reason for this information is the temporary shutdown of one of two plants in Wuhan/China of Schweizer's cooperation partner Meiko Electronics. This shutdown has no impact on customers of Schweizer Electronic AG who are being served from China, as products for the European market are being supplied by other plants of this manufacturer.
The local government of Wuhan has recently instructed Meiko to interrupt production in one of their two plants in Wuhan. Contrary to other recent news, the reason for the shutdown is that an approval process for environment related issues was found incomplete and not that the company transgressed environmental specifications. The management of Meiko Electronics has informed their customers that they are putting all their efforts in negotiating with the government to shorten the period of operation shutdown. In the meantime, Meiko has submitted corrective actions in order to speed up the approval process.
About Schweizer:
Schweizer Electronic AG is a leading manufacturer of premium PCBs, innovative solutions and services for automotive, solar and industry electronics. Based on recognized technology and consultancy competencies, SCHWEIZER's products and systems address central challenges in the areas of Power Electronics, Embedding and System Cost Reduction and are characterized by energy and environmentally friendly features. Together with its partners Contag GmbH and Meiko Electronics Co. Ltd. the company offers cost and production optimised solutions for small, medium and large series and within this network employs more than 13.000 people in Germany, Japan, China and Vietnam.
With about 750 employees SCHWEIZER achieved sales of 105.4 million Euro in Fiscal Year 2010 (ending December). The company was founded in 1849, is managed by family members and listed at the Stuttgart Stock Exchange (ticker symbol 'SCE', 'ISIN DE 000515623').
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 Corporate News
27.10.2011 Dissemination of a Corporate News, 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 | |
| Germany | |
| 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 News-Service |
| - - - |
| 143864 27.10.2011 |
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