Schramberg, August 09, 2018 – Accompanied by a festive groundbreaking ceremony and in the presence of the Government of Jintan, Schweizer Electronic AG laid the cornerstone for its new high technology production site in Jintan/Jiangsu Province (China) on August 08, 2018.
Covering a production area of in total 90,000 square metres, the new plant will start operation in 2020 focussing in particular on power electronic and embedding applications for the automotive sector. After completion of the construction phase which is scheduled to last 18 months, the setup of the new production capacities will be carried out in three ramp-up phases, each with a capacity of 1,200 square metres PCBs per day. This is equivalent to the capacity of the Schramberg production site today. The total investment will amount to 150 million euro over the next ten years to enable group sales to jump to up to 500 million euro.
In November 2017 SCHWEIZER had signed a corresponding investment agreement with the Government of Jintan and just one month later founded the new company Schweizer Electronic Jiangsu (China). The official approvals of the Chinese Environmental and Construction Authorities have been obtained and financing of the first two construction phases has already been secured. For the financing two bank consortia were set up in Germany and China, providing credit lines of 120 million US dollar.
Schweizer Electronic AG will continue to develop and manufacture high technology PCBs in its German production site in Schramberg. Using the additional capacities in Jintan, 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.
Please find below the picture description from left to right
- Mr. Qi Li, Director of Jintan Jincheng Science and Technology Industrial Park Management Committee, Mayor of Jintan Jincheng people's Government
- Mr. Michael Kowalski, Chairman of the Supervisory Board of Schweizer Electronic AG
- Mr. Longqing Dong, Standing Committee of the Jintan District Committee of Changzhou, Secretary of the Party Working Committee of Jincheng science and Technology Industrial Park, Secretary of the Party Committee of Jintan Jincheng Town, Jintan District
- Mr. Marc Bunz, Executive Board Schweizer Electronic AG
- Mr. Nicolas Schweizer, Executive Board Schweizer Electronic AG
- Mr. Yibo Liang, Deputy Mayor of the Changzhou Municipal People's Government
- Mr. Dong Shen, Deputy Secretary of the District Committee of Jintan, Changzhou, Chief of the people's Government of Jintan District, Changzhou
- Mr. Alfred Pang, Vice President Operations Schweizer Electronic AG
- Mr. Xinsheng Zhou, Deputy District Chief of Jintan District, Changzhou
- Mr. Chris Wu, Board member and shareholder of Schweizer Electronic AG
- Mr. Erik Greger, Vice President Technology & Business Development, Schweizer Electronic AG
- Mr. Edwin Boeckeler, Director Operational Excellence, Schweizer Electronic AG