Ad hoc announcement according to § 48d section 1 BörseG
Leoben (pta029 / 04.28.2015 / 19: 00) – * AT & S positions itself for the next generation of technology in the core business of high-end boards * Total investment at the site Chongqing increased to 2017 from EUR 350 million to approximately EUR 480 million * Ramp-up of the in-qualification substrate plant in Chongqing are still planned for 2016
AT & S is one of the world’s leading manufacturer of High-end HDI and any-layer printed circuit boards. Major trends in this industry are the continuing miniaturization and the increasing modularization. This development has the consequence that the high-end PCB technologies with those of the time required by the semiconductor industry technologies grow more and faster.
This opens up for AT & amp; S – in addition to the present in the startup entry in the IC substrate business – new significant potential for early position yourself for this next generation technology in the core business ,
In order to keep the long-term, sustainable, profitable growth in high-end applications, AT & is S this market potential by building new capacity for this next PCB generation, so-called “substrate-like PCBs” open up. The Board, with the approval of the Supervisory Board the necessary capital expenditures in Chongqing. This means that the planned investment volume increased until mid-2017 EUR 350 million to approximately EUR 480 million.
The start of production for this technology is expected in the second half of 2016 and is based on close cooperation between the two AT & S locations Shanghai and Chongqing. Synergies especially in the areas of technology, process know-how and management capacities are used: the development of technology to substrate-like PCBs takes place in Shanghai, where an initial quantities in the calendar year 2015 produced. Volume production takes place in Chongqing from the second half of 2016.
The additional investment required is funded by the improved cash flow and leverages existing loan commitments.
The ramp-up of the in-training substrate plant in Chongqing as planned with first sales in calendar 2016 expected.
AT & amp; S Austria Technologie & amp; Systemtechnik AG – First choice for advanced applications, AT & amp; S is the European leader and one of the world’s leading manufacturer of high quality printed circuit boards. AT & amp; S industrialized pioneering technologies for its core business Mobile Devices, Automotive, Industrial, Medical. 2013, the next logical step in the high-tech strategy is set by AT & S went into partnership with a leading semiconductor manufacturer in the IC substrates business. As an internationally growing company, AT & amp; S has a global presence with manufacturing facilities in Austria (Leoben, Fehring) and factories in India (Nanjangud), China (Shanghai, Chongqing under construction) and Korea (Ansan, near Seoul) and currently employs around 8,000 people. For more information visit www.ats.net. <- sh_cad_8 ->
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(END) Dow Jones Newswires
April 28, 2015 13:00 ET (17:00 GMT) – – 01 00 PM EDT 04- 28-15