Restructuring in automotive-related wire segment
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Following its announcement of 25 August, the Komax Group is nowconcretizing its restructuring plans for its automotive-related wireprocessing business. A total of 40 jobs will be eliminated; some 25of these will be at Komax's Dierikon and Stans sites in centralSwitzerland, the remainder at sites abroad.With recovery in the automotive-related business areas no more thanhesitant, Komax is adjusting its capacities and structures to thechanged market environment in line with its announcement of 25August. Some 25 jobs are being eliminated at the Dierikon and Stansproduction sites, while a further 15 will be eliminated abroad. Theaffected employees will receive assistance from Komax.Background information on the Komax GroupWith a market share of around 40 percent, Komax is a world leader instandard wire-processing machines. The company also focuses on thephotovoltaics and medical technology growth markets.As a machinery producer, Komax is global leader in crimp-to-crimpmachines for the wire-processing market. In addition to this, theKomax portfolio of products and services ranges from wire cutting andstripping machines all the way to systems for the fully automatedmanufacture of complete wire harnesses.In the photovoltaics field, Komax is a worldwide supplier of machinesfor the production of crystalline and thin-film modules. Its aim isto expand its global leadership in stringing to the other areas ofits product portfolio.In the medical technology sector, Komax produces, for example,machine systems for the manufacture of inhalers and insulin deliveryor injection systems. In this field, too, Komax is among the world'sleading suppliers.The Komax Group operates production facilities in Switzerland,France, the United States, Malaysia and China. Finally, Komax offersprofessional service back-up in over 50 countries.Contact:Komax Holding AG Direct dial +41 41 455 06 16Dominik Slappnig Fax +41 41 450 10 24Head of Investor Relations & dominik.slappnig(at)komaxgroup.comCorporate Communicationswww.komaxgroup.comThe Media Release can be downloaded from the following link:http://hugin.info/100418/R/1342365/321286.pdf --- End of Message ---Komax Holding AGIndustriestrasse 6 Dierikon-LU SwitzerlandWKN: 1070215 ; ISIN: CH0010702154; Index: SPI, SPIEX, SSCI;Listed: Main Market in SIX Swiss Exchange;
Datum: 21.09.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 6010
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