DGAP-News: United Power Technology AG increases total production capacity to 900,000 units per year
(firmenpresse) - DGAP-News: United Power Technology AG / Key word(s): Miscellaneous
United Power Technology AG increases total production capacity to
900,000 units per year
22.08.2011 / 08:45
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- Three new production lines now in operation
- Production capacity increases by another 20%
Eschborn, Germany, August 22, 2011 - After the completion of three new
production lines and the expansion of the company's production capacity to
750,000 units per year in July, United Power Technology Group, one of the
leading manufacturers of engine-driven power equipment in China, has now
completed the installation of another three new production lines. As a
result, the production capacity increases by further 20% to over 900,000
units per year. Therewith United Power has nearly reached the announced
target capacity of 1,000,000 units per year by the end of 2011 already now.
The new production lines located in Gaoqi Industrial Park, Fuzhou, are for
water pumps, high pressure washers and twin engines. They are part of the
second phase of production expansion at this site. United Power currently
operates three production facilities with 19 production lines in Fuzhou,
China.
'As of today, we have almost reached the production target capacity for
2011. Due to this expansion, we are very optimistic for our growth in the
second half of 2011,' states Xu Wu, Co-CEO of United Power AG.
About United Power Technology Group
United Power Technology Group designs, develops, manufactures and sells
engines and an extensive range of engine-driven power equipment, including
generators, outdoor power equipment, as well as components. Its major
products comprise residential as well as commercial generators which are
currently delivered to more than 45 countries in the world. The operational
companies of United Power Technology Group are incorporated under the laws
of the People's Republic of China and located in Fuzhou and Shanghai,
China.
For further requests please contact:
Kirchhoff Consult AG
Dr. Kay Baden
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-Mail: baden(at)kirchhoff.de
or visit www.unitedpower.de.com
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of United Power Technology AG. The shares have already been
sold.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of United
Power Technology AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
This document has been delivered to you on the basis that you are a person
into whose possession this document may be lawfully delivered in accordance
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not be forwarded or retransmitted to any person located in the United
States, Canada, the People's Republic of China or Japan.
The information in this document is subject to change and does not purport
to be a complete description of new shares or the offer. The syndicate
banks accept no liability whatsoever for any direct or consequential loss
arising from the use of this document. To the maximum extent permitted by
law, the syndicate banks and their respective directors, officers and
employees shall have no liability whatsoever for any loss or liability of
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End of Corporate News
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22.08.2011 Dissemination of a Corporate News, 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
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Language: English
Company: United Power Technology AG
Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone: +49 6196 400804
Fax: +49 6196 400910
E-mail: oliver.kuan(at)unitedpower.cn;janina.wismar(at)kirchhoff.de
Internet: www.unitedpower.de.com
ISIN: DE000A1EMAK2
WKN: A1EMAK
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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136451 22.08.2011
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Datum: 22.08.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 57592
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