AT&S initiates next growth

11.07.2019, 2419 Zeichen

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Investment volume of just under one billion Euro planned for the next five years / Construction of a new plant in Chongqing and expansion of the location in Leoben
Strategic Management Decisions 11.07.2019
Leoben - AT&S, the leading manufacturer of high-end printed circuit boards, continues to expand its business with IC substrates as a strategic pillar. Due to rising market demand for high-performance computing, the company intends to build a new plant at the location in Chongqing and to expand the existing capacities at the Leoben plant. To this end, an investment volume totalling nearly one billion Euro with a focus on Chongqing is planned for the next five years. These investment projects are also based on close cooperation with a leading producer of semiconductors.
Increasingly connected digital systems, systems using artificial intelligence, robotics or autonomous driving require ever faster processing of ever increasing data volumes. As a result, the required computing power and data storage needs are growing significantly. The required performance of future high-performance computing modules massively drives the technological demands on all components of the modules including IC substrates.
With these investments, AT&S pursues the goal of sustainable, profitable growth while at the same time expanding its market position for IC substrates. AT&S will participate in the growing market for IC substrates based on these investments. The business with IC substrates is becoming a strategically important business mainstay for AT&S in addition to high-end printed circuit boards.
The new, state-of-the-art factory is intended to be built at the existing location in Chongqing. Construction work begins immediately and the start of production is planned for the end of 2021.
end of announcement euro adhoc
issuer: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 A-8700 Leoben phone: 03842 200-0 FAX: mail: ir@ats.net WWW: www.ats.net ISIN: AT0000969985 indexes: VÖNIX, WBI, ATX GP stockmarkets: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/18136/aom

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