Komax Solar and Komax Medtech respond to difficult market environment
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Komax Holding AG /
Komax Solar and Komax Medtech respond to difficult market environment
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The issuer is solely responsible for the content of this announcement.
Komax is taking steps to respond to the persistently challenging economic
environment facing its Solar and Medtech business units. Komax Solar will be
continuing the cost-cutting measures that have already been initiated, while
Komax Medtech will be introducing short-time working at its La Chaux-de-Fonds
site in June.
The global solar market remains in the grips of a crisis whose end is currently
difficult to foresee. As a result, Komax Solar is making further efforts to
adapt its structures to the present demand situation. This will involve reducing
the business unit's headcount by an estimated 70 people. Headcount at the
beginning of the year was 285 employees, most of whom worked outside
Switzerland. However, solar will remain an attractive market in the longer term.
The product range is being further developed and marketing efforts continue.
Komax Solar remains well placed to benefit from the expected upturn in the new
market setting.
Uncertainty about economic developments is putting a damper on investment
activity by Komax Medtech's customers, resulting in further postponements to
projects that have already been announced. Furthermore, Komax Medtech is much
more affected by the continuing strength of the Swiss franc than either of the
other two business units. The result is persistent spare capacity at its site in
La Chaux-de-Fonds. To bridge this temporary state of affairs, Komax Medtech is
introducing short-time working in June. This will ensure that capacity is
retained to ramp up production the moment that new orders start to pick up
again.
For more information, please contact:
Marco Knuchel Tel. +41 41 455 06 16
Head Investor Relations / Corporate Fax +41 41 450 10 24
Communications marco.knuchel(at)komaxgroup.com
www.komaxgroup.com
The Komax Group is a leading manufacturer of wire processing machines, machines
for the production of modules for the photovoltaics market and machine systems
for the manufacture of inhalers and insulin delivery or injection systems. It
employs a workforce of around 1100 people. Alongside production facilities in
Switzerland, France, the United States, Malaysia and China, Komax also provides
sales and service support via subsidiaries and independent agents in around 60
countries.
The media release can be downloaded from the following link:
Media release (PDF):
http://hugin.info/100418/R/1616404/515520.pdf
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originality of the information contained therein.
Source: Komax Holding AG via Thomson Reuters ONE
[HUG#1616404]
Unternehmensinformation / Kurzprofil:
Datum: 31.05.2012 - 18:00 Uhr
Sprache: Deutsch
News-ID 151974
Anzahl Zeichen: 3566
contact information:
Town:
Dierikon-LU
Kategorie:
Business News
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"Komax Solar and Komax Medtech respond to difficult market environment"
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