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"Schweizer helps Meiko" – Aid fund to support cooperation partner

The earthquake in Japan has affected the sites Fukushima, Miyagi and Yamagata of Schweizer Electronic’s cooperation partner Meiko Electronics Co., Ltd. The company’s Executive Board is in contact with Yuichiro Naya (President & CEO) and Takahide Hirayama (COO) of Meiko. Due to restrictions caused by damaged infrastructure it is still unclear whether and to which extent employees of Meiko, living and working at sites in the Northern parts of the country, have been affected.

Schramberg, March 14, 2011 – The earthquake in Japan has affected the sites Fukushima, Miyagi and Yamagata of Schweizer Electronic’s cooperation partner Meiko Electronics Co., Ltd. The company’s Executive Board is in contact with Yuichiro Naya (President & CEO) and Takahide Hirayama (COO) of Meiko. Due to restrictions caused by damaged infrastructure it is still unclear whether and to which extent employees of Meiko, living and working at sites in the Northern parts of the country, have been affected.

Due to disruptions in electricity supply, production in the plants in Fukushima and Yamagata were stopped. The Miyagi plant has been hit by the Tsunami. Meiko provides information about the current situation on the website www.meiko-elec.com.

Customers of Schweizer Electronics AG will not be negatively affected by this incident as products manufactured within the network are being received from Meiko's sites in China and Vietnam.

"We sympathize with our colleagues and their families and sincerely wish that no one has been harmed" says Dr. Marc Schweizer, CEO of Schweizer Electronic AG. "We therefore feel an urgent need to provide assistance in a quick and unbureaucratic manner. We have thus set-up an aid fund for affected Meiko employees and their families. This fund will be initially equipped with means provided by Schweizer Electronic AG amounting to 10,000,000 JPY. We also appealed to our staff to contribute by donating and we are convinced that they will demonstrate their solidarity."

Further information concerning the donation account are available on our Internet page www.morethanPCBs.com.

Beyond this first aid measure, Schweizer's Executive Board has assured Meiko's Management its continued support over the coming weeks and months.