Investments of approx. 2 mn EUR in Germany
Increase of production volume of approx. 9 mn EUR
Improvement of competitiveness
Relocation of production from Switzerland to Germany
Today, UET United Electronic Technology AG, Eschborn (ISIN: DE000A0LBKW6), announces the investment in and the expansion of its own production location in Hartmannsdorf, Germany. UET relocates additional areas of the corporate group production to Germany.
For further development of the business area SYSTEMS and to extend the total value chain the UET group invests approx. 2 mn EUR into the existing production in Hartmannsdorf, Germany. The investments are for the expansion of capacity as well as for improving the competitiveness.
The production that so far has been provided externally and logistics for Albis Technologies AG in Switzerland will be gradually relocated to Germany. With the first step, a production volume of approx. 9 mn EUR per year will be added in Hartmannsdorf.
Consequently, from now on manufacturing will be rendered within the UET group. The products currently manufactured in Asia are not part of this project.
Production will already start in Germany at the end of the third quarter of 2015. The first phase of the project will be completed in the first quarter of 2016.
For the then internally manufactured business an increase in earnings of about 10% of the production volume is expected.
The investments include mainly technology investments for machines, facilities as well as test systems, accelerating the further development of the UET group.
Contact:
UET United Electronic Technology AG
Frankfurter Stra e 80-82
D-65760 Eschborn
Sebastian Schubert
Investor Relations
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
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