. Ad hoc announcement according to § 48d para 1 BörseG
Leoben (pta029 / 04.28.2015 / 19: 00) – * AT & S is positioning itself for the next generation of technology in the core business of high-end printed circuit boards * Total capital expenditures in Chongqing until 2017 EUR 350 million increased to about EUR 480 million * Ramp-up of the in-qualification substrate plant in Chongqing still scheduled in 2016.
AT & S is one of the world’s leading manufacturers of high-end HDI and any-layer -Leiterplatten. 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 required by the semiconductor industry technologies grow together more quickly
This opens up for AT & S – in addition to the entry located during startup. . IC substrate business – new considerable potential to advance to position itself for this next generation of technology in our core business
In order to maintain the long-term, sustainable, profitable growth in the high-end area, is AT & S this market potential by building new capacity for this next generation PCB, so-called “substrate-like PCBs” open. The Board has decided, with the consent of the Supervisory Board the necessary investments at the site Chongqing. This means that the planned investment volume increased by mid-2017 of 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 -Standorten Shanghai and Chongqing. Synergies especially in the areas of technology, process know-how and management capacities are used: technology development for substrate-like PCBs carried out in Shanghai, where already first volumes in calendar 2015 are produced. The volume of production is carried out in Chongqing from the second half of 2016th
The additional investment requirement is financed by the improved cash flow and utilization of existing credit lines.
The ramp-up of the in-qualification substrate -Werkes in Chongqing is expected as planned with first sales in calendar 2016
AT & amp. S Austria Technologie & amp; Systemtechnik AG – First choice for advanced applications AT & S is the European leader and one of the leading manufacturer of premium PCBs. AT & S industrialized pioneering technologies for its core businesses Mobile Devices, Automotive, Industrial, Medical. 2013 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 international growth company has AT & S has a global presence with manufacturing facilities in Austria (Leoben, Fehring) and factories in India (Nanjangud), China (Shanghai, Chongqing in construction) and Korea (Ansan, near Seoul) and currently employs around 8,000 people. . For more information visit www.ats.net
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Released by: AT & S Austria Technologie & amp; Systemtechnik AG Address: Fabriksgasse 13, 8700 Leoben Country: Austria Contact person: Elke Koch Tel .: +43 200 3842 5925 Email: e.koch@ats.net site: www.ats.net
ISIN (s): AT0000969985 (share) stock exchanges: official trade in Vienna
[Source: http://www.pressetext.com/news/20150428029]
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