AT&S to Expand Production Capacities in China and India

AT&S announced that the company will release the results for its financial year 2009/10 on 11 May 2010. At present, the management said it is expecting revenues to be around EUR372 million.

"Based on strong customer demand for large volumes of highly complex HDI printed circuit boards (PCBs), AT&S will further expand the production capacities of its Shanghai plant in the current financial year,” highlights Andreas Gerstenmayer, CEO of AT&S. The respective investments will amount to about EUR55 million.

"Currently, machinery is being installed in the new plant in India so that production can be ramped-up in autumn 2010 to meet the increased demand for double-sided and multilayer PCBs,” states Gerstenmayer.

The relevant investments will amount to around EUR10 million. With additional investments of around EUR5 million in maintenance and investments in new technologies of around EUR10 million, a total of roughly EUR80 million will be invested in the future growth of AT&S. Around two thirds of that amount will be spent in the first half of financial year 2010/11. As a consequence of these investments and assuming stable foreign exchange rates, net gearing might be up to 100 percent, the company said.

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