DGAP-News: Roth&Rau AG: Group-wide turnkey activities merged to enhance efficiency / Cost-cutting package approved
(firmenpresse) - DGAP-News: Roth&Rau AG / Key word(s): Miscellaneous
Roth&Rau AG: Group-wide turnkey activities merged to enhance
efficiency / Cost-cutting package approved
17.12.2010 / 10:10
---------------------------------------------------------------------?Group-wide turnkey activities merged to enhance efficiency?Cost-cutting package approved
Hohenstein-Ernstthal, 17 December 2010 - The Roth&Rau Group is to be
provided with a new organisational structure within the cost and structural
optimisation programme already announced by the company. To address the
market more effectively, the company will in future be managed on the basis
of strategic business units. This new corporate structure is to be
implemented at the latest by the end of 2011. Work has already begun to
pool the Group's turnkey activities within a single business unit. This
involves the turnkey divisions at Roth&Rau AG and those at its OTB and
CTF subsidiaries. Joint access to available resources and more efficient
capacity use should help enhance profitability in the turnkey segment.
This division is also be reorganised in terms of its key personnel. Dr.
Martin Detje, currently head of the turnkey division at Roth&Rau AG, will
leave the company as of 31 December 2010. From 1 January 2011, the new
turnkey business unit will be managed by team of three. All three managers
have already held senior functions within the Roth&Rau Group. Deliberate
separation of commercial and technological management should ensure
stricter project controlling.
Alongside these organisational changes, the company has already defined an
extensive package of cost-cutting measures with the following main focuses:?Cutting production costs, especially by exploiting cost-cutting potential
resulting from greater standardisation in the production of the new SiNA
generation.?Exploiting cost benefits on the procurement market. The aim is to achieve
targeted reductions in working capital by reducing production and
procurement cycles.?Cutting costs in the field of research and development by focusing
activities more closely at the main location in Hohenstein-Ernstthal and by
integrating subsidiaries.?Substantially streamlining administration departments. Specifically, the
Group's rapid external growth in the recent past led costs to rise in this
area.
As already announced, one-off items such as cost savings in connection with
advisory and sales contracts will generate cost savings of around EUR 5.0
million in the coming year.
'Our declared aim is to return to an appropriate level of profit margin at
the earliest possible opportunity. Implementing this package of measures
will enable us to make substantial progress towards achieving this aim,'
stated Dr. Dietmar Roth, CEO of Roth&Rau AG. 'In future as well, we will
be focusing above all on developing new products and technologies for
tomorrow's markets,' he added. 'A leaner and more efficient organisation
structure will help us react flexibly and sustainably to future changes in
requirements.'
About Roth&Rau AG:
Roth&Rau AG, based in Hohenstein-Ernstthal, has been one of the world's
leading suppliers of production equipment and innovative production
technologies for the photovoltaics industry for more than 10 years now. In
its photovoltaics segment, Roth&Rau focuses on providing antireflective
coating systems and turnkey production lines for use in the manufacture of
crystalline silicon solar cells. Further products include thermal
processing systems also used in the manufacture of crystalline silicon
solar cells, as well as coating systems and turnkey production lines for
the manufacture of thin film solar modules. Roth&Rau MicroSystems, a
subsidiary located in the Wüstenbrand district, develops and produces
process systems for plasma and ion beam enhanced thin film and surface
processing methods tailored to customers' specific needs. The customers
served by this division particularly include companies in the semiconductor
industry, R&D departments in various other industrial sectors, research
institutes and universities. The portfolio of the Roth&Rau Group is
supplemented by software products in the field of systems management,
production monitoring and maintenance and service offerings.
Contact:
Roth&Rau AG
Prof. Dr. Silvia Roth
Tel.: +49 (0) 3723/6685-333
E-Mail: investor(at)roth-rau.de
Haubrok Investor Relations GmbH
Simone Cujai
Tel.: +49 (0) 211/17183537
E-Mail: s.cujai(at)haubrok.de
End of Corporate News
17.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Roth&Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Deutschland
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: info(at)roth-rau.de
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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106841 17.12.2010
Datum: 17.12.2010 - 10:10 Uhr
Sprache: Deutsch
News-ID 32887
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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