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PCB | March 11, 2008

AT&S builds a new plant in India

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, evenues of approximately EUR 37 million.

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