Komax signs credit agreement worth CHF 100 million
(Thomson Reuters ONE) - This week, Komax and a consortium of banks led by Credit Suissesigned a credit agreement valid until 31 January 2013, with creditlines totalling CHF 100 million. The agreement creates the necessaryflexibility for the company, while providing financial security foroperations and guaranteeing the further implementation of thebusiness strategy. The successful conclusion of the agreementdemonstrates the trust the banks are placing in Komax and in thepositive outlook for the Group's future.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 leadership in stringing to the other areas of itsproduct 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/1351265/326478.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.10.2009 - 07:00 Uhr
Sprache: Deutsch
News-ID 7646
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