Schweizer Electronic AG: Natural catastrophe in Japan has no impact on Schweizer Electronic's ability to supply
18.03.2011
Schweizer Electronic AG / Key word(s): Enterprise/
Schweizer Electronic AG: Natural catastrophe in Japan has no impact on
Schweizer Electronic's ability to supply
DGAP-Media / 18.03.2011 / 09:26
Schramberg, March 18, 2011 - One week after occurrence of the natural
catastrophe in Japan, Schweizer Electronic AG assures their customers
ability to supply without restrictions. At the beginning of this week the
company reported a production stop in two plants of its strategic
cooperation partner Meiko Electronics. Schweizer's customers will not be
negatively affected by this incident as the plants in China and Vietnam,
relevant for the cooperation, have not been impacted. Due to their
significant size, those plants will even be able to take over production of
the inoperative sites based in Japan.
The situation in Japan has currently no impact on our production in
Schramberg. We purchase material from there (e.g. spare parts for our
production lines) and the supply is secured for a foreseeable time frame.
Schweizer's Sales Forecast for the year 2011 - an increase in sales of 5%
to 15% compared to 2010 - remains unchanged.
After a consultation with the company's auditors, a change in the valuation
of the participation financing in Meiko Electronics is not deemed
necessary.
About Schweizer:
Schweizer Electronic AG (WKN 515623) is one of the Top 3 PCB manufacturers
in Europe with recognized technology and consulting expertise in the field
of automobile, solar and industrial electronics. The company was
established in 1849 and is currently managed by the sixth generation of the
family.
Schweizer Electronic is focused on complex multilayer and HDI circuits as
well as solutions for reducing the system cost and improving the
integration of active and passive components on the PC board. In addition,
Schweizer Electronic has many answers to the challenges of modern power
electronics. With its network of partners, Schweizer Electronic AG offers
optimal cost and manufacturing solutions for small, medium and large
series.
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: Communications@schweizerelectronic.ag
Please visit our website: www.morethanPCBs.com
End of Media Release
=--------------------------------------------------------------------
18.03.2011 Dissemination of a Press Release, 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
Deutschland
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard),
Stuttgart; Freiverkehr in Berlin
End of News DGAP-Media
=--------------------------------------------------------------------
116039 18.03.2011
Schweizer Electronic AG / Key word(s): Enterprise/
Schweizer Electronic AG: Natural catastrophe in Japan has no impact on
Schweizer Electronic's ability to supply
DGAP-Media / 18.03.2011 / 09:26
Schramberg, March 18, 2011 - One week after occurrence of the natural
catastrophe in Japan, Schweizer Electronic AG assures their customers
ability to supply without restrictions. At the beginning of this week the
company reported a production stop in two plants of its strategic
cooperation partner Meiko Electronics. Schweizer's customers will not be
negatively affected by this incident as the plants in China and Vietnam,
relevant for the cooperation, have not been impacted. Due to their
significant size, those plants will even be able to take over production of
the inoperative sites based in Japan.
The situation in Japan has currently no impact on our production in
Schramberg. We purchase material from there (e.g. spare parts for our
production lines) and the supply is secured for a foreseeable time frame.
Schweizer's Sales Forecast for the year 2011 - an increase in sales of 5%
to 15% compared to 2010 - remains unchanged.
After a consultation with the company's auditors, a change in the valuation
of the participation financing in Meiko Electronics is not deemed
necessary.
About Schweizer:
Schweizer Electronic AG (WKN 515623) is one of the Top 3 PCB manufacturers
in Europe with recognized technology and consulting expertise in the field
of automobile, solar and industrial electronics. The company was
established in 1849 and is currently managed by the sixth generation of the
family.
Schweizer Electronic is focused on complex multilayer and HDI circuits as
well as solutions for reducing the system cost and improving the
integration of active and passive components on the PC board. In addition,
Schweizer Electronic has many answers to the challenges of modern power
electronics. With its network of partners, Schweizer Electronic AG offers
optimal cost and manufacturing solutions for small, medium and large
series.
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: Communications@schweizerelectronic.ag
Please visit our website: www.morethanPCBs.com
End of Media Release
=--------------------------------------------------------------------
18.03.2011 Dissemination of a Press Release, 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
Deutschland
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard),
Stuttgart; Freiverkehr in Berlin
End of News DGAP-Media
=--------------------------------------------------------------------
116039 18.03.2011
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