Schramberg, November 15, 2017 – Schweizer Electronic signed an investment agreement today with the government of Jintan/China (Jiangsu Province) to set up a sustainable high technology printed circuit board (PCB) and embedding production facility in China. The total investment will amount to 180 million USD over the next years to enable group sales to jump to up to 500 million USD.
SCHWEIZER is a leading manufacturer in the field of innovative high technology PCBs focussing on e-mobility, advanced driver assistance systems and autonomous driving. These trends have become the most powerful market drivers in the company’s most important business segment automotive.
For years already has SCHWEIZER successfully collaborated with Infineon, the market leader for power semiconductors, in the field of embedding technologies. Furthermore, the SCHWEIZER Group has built a strong network and footprint in Asia through its Partners WUS and Meiko.
With the investment into a high-tech production facility in China, the company will further exploit the world-wide market potential for high-power and embedding applications by providing its customers with innovative, high-quality PCB and embedding solutions and address the fast-growing Chinese market.
“Our target is to become the leading sensor and power PCB manufacturer for the megatrends of mobility and energy efficiency. This is possible for us, since we have the right people, the right technologies and the right international network. By this investment we are able to serve the customer demands and participate in the substantial market growth, while at the same time securing the long-term viability of our production site in Schramberg”, says Nicolas Schweizer, Chief Technology Officer and Member of the Board of Schweizer Electronic AG.
With a view to the decision for China as the location for the new production facility Marc Bunz, Chief Financial Officer and Member of the Board of Schweizer Electronic AG, adds: “Having undertaken comprehensive research and location analysis efforts, China emerged as the location best suited for our purposes as it offers the best overall frame conditions for the investment.”
The accompanying picture shows Mr. Qi LI, Director (Legal Representative) of the Jintan District Jincheng Science & Technology Industrial Park Work Committee and Mr. Nicolas Schweizer, Management Board Schweizer Electronic AG after the agreement was signed, as well as further representatives of the government of Jintan and SCHWEIZER.