DGAP-News: United Power Technology AG increases production capacity
(firmenpresse) - DGAP-News: United Power Technology AG / Key word(s): Miscellaneous
United Power Technology AG increases production capacity
18.07.2011 / 09:42
---------------------------------------------------------------------
- Three new production lines for residential generators and engines
- Production capacity increases by approx. 20%
Eschborn, Germany, July 18, 2011 - United Power Technology Group, one of
the leading manufacturers of engine-driven power equipment in China, has
completed the installation of three new production lines. As a result,
production capacity increases by about 20% to over 750,000 units per year.
United Power is on track to meet the announced target capacity of 1,000,000
units per year by the end of 2011.
Two of the new production lines are for residential generators, the third
one is a new engine line. The new lines located in Gaoqi Industrial Park,
Fuzhou, were inaugurated and went into operation. They are part of the
second phase of production expansion at this site. United Power currently
operates three production facilities with 16 production lines in Fuzhou,
China.
'Due to the continued strong demand for our products from our domestic and
international clients we need to expand production quickly. Despite the
reduced IPO proceeds and a revised investment plan we are very confident to
reach our target capacity of 1,000,000 units this year,' states John Huang,
Co-CEO of United Power Technology 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
Janina Wismar
Herrengraben 1
D-20459 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
janina.wismar(at)kirchhoff.de
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 availableto, 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
with the laws of the jurisdiction in which you are located and you may not
deliver this document to any other person and you agree not to copy or
retransmit this document or its contents. In particular, this document may
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
any kind arising in respect of the information contained, or not being
contained, in this document. The syndicate banks and their respective
directors, officers and employees may, from time to time, have long or
short positions in, buy or sell (on a principal basis or otherwise), and
may act as market makers in, the securities or derivatives, or serve as a
director of any companies mentioned herein. In addition, the syndicate
banks may be serving or have served as a corporate adviser and/or manager
of a public offering of securities by any such company. The syndicate banks
will receive fees for acting in that capacity.
End of Corporate News
---------------------------------------------------------------------
18.07.2011 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
---------------------------------------------------------------------
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
---------------------------------------------------------------------
132307 18.07.2011
Datum: 18.07.2011 - 09:42 Uhr
Sprache: Deutsch
News-ID 34624
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 214 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: United Power Technology AG increases production capacity"
steht unter der journalistisch-redaktionellen Verantwortung von
United Power Technology AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
