DGAP-News: Schweizer Electronic AG: Production starts at the new location in China

2020. május 26., kedd, 09:30







DGAP-News: Schweizer Electronic AG


/ Key word(s): Miscellaneous






Schweizer Electronic AG: Production starts at the new location in China (news with additional features)








26.05.2020 / 09:30




The issuer is solely responsible for the content of this announcement.




SCHWEIZER - Production starts at the new location in China

A new high-tech plant enables highly competitive products to be made using a unique production concept with guaranteed supply chain security in Europe



Schramberg, May 26, 2020 - After a construction period of one and a half years, production started at the new high-tech printed circuit board plant in Jiangsu, China, a few days ago. SCHWEIZER has invested around EUR 100 million in the new facility to date. Once the final expansion stage has been completed, the plant will have a capacity of over 7,000 square metres per day, which is roughly five times that of the German plant. ISO 9001 certification has already been successfully concluded. "Customers who have been able to visit the plant so far were really impressed by the integrated production concept", reports Alfred Pang, Managing Director in China and long-standing member of staff at SCHWEIZER.



The unique German-Chinese set-up now enables SCHWEIZER to provide technology products at competitive prices in the highest quality. Linking the largest European PCB production factory, in Schramberg, Germany, and the new plant in China will ensure the highest level of delivery security for the supply chain stability of customers in Europe.



With its Chinese location, SCHWEIZER is opening up access to new markets and customer groups and is able to provide a complete range of PCB technologies, ranging from simple multilayer circuit boards to future-oriented chip embedding technology from both production plants. Today, we are a recognised technology partner for the European automotive industry. China will now enable us to present our expertise to a much broader customer base. In addition to its own sales teams in Europe and China, SCHWEIZER has also set up distribution partnerships in North America and Japan, with Korea to follow very soon.



The Jintan plant, located in Jiangsu province about 200 km east of Shanghai, is equipped with the latest plant technologies and is unique in its high level of machine integration and automation. The entire production process fulfils the stringent requirements for a chip embedding company with regard to cleanliness and electrostatic shielding. An experienced team of staff from China, Germany, Singapore and Taiwan, some of whom have been employed by SCHWEIZER for many years, guarantees our company maxim: One company - One Team - One Quality.




About SCHWEIZER



Schweizer Electronic AG stands for state-of-the-art technology and consultancy competence. SCHWEIZER"s premium printed circuit boards and innovative solutions and services for automotive, solar, industry and aviation electronics address key challenges in the areas of Power Electronics, Embedding and System Cost Reduction. Its products are distinguished for their superior quality and their energy-saving and environmentally-friendly features. Together with its partners WUS Printed Circuit (Kunshan) Co., Ltd., Meiko Electronics Co. Ltd. and Elekonta Marek GmbH & Co. KG the company offers in its division electronics cost- and production-optimised solutions for small, medium and large series. Together with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap the chip embedding market in future.



The company was founded by Christoph Schweizer in 1849 and is listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol "SCE", "ISIN DE 000515623").



For further information please contact:



Lisa Jeske

Schweizer Electronic AG

Einsteinstraße 10

78713 Schramberg

Phone: +49 7422 512 104

E-mail: lisa.jeske@schweizer.ag

Please visit our website: www.schweizer.ag





Additional features:

Picture: http://newsfeed2.eqs.com/seag/1054927.html
Subtitle: Schweizer High-Tech Leiterplatten Werk in Jiangsu (China)



26.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Schweizer Electronic AG

Einsteinstraße 10

78713 Schramberg

Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizer.ag
Internet: www.schweizer.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1054927





 
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1054927  26.05.2020 



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