ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE 17 January, 2006 at 4:00 PM
ASPOCOMP TO EXPAND ITS BUSINESS OPERATIONS INTO INDIA
Aspocomp Group Oyj has made a decision in principle to expand its HDI business
operations by building a new printed circuit board plant in Chennai, India. The
plant will be India’s first high technology HDI (High Density Interconnections)
printed circuit board production facility. The decision was made to meet the
future capacity needs of Aspocomp’s current customers.
According to the estimates, the investment will amount to approximately EUR 60
million. The unit is planned to be operational during the second half of 2007.
The final investment decision is estimated to be made in the next few months.
The production unit will be established using technology and process solutions
that enable flexible production and deliveries to meet the needs of Aspocomp’s
customers. The investment is part of Aspocomp’s growth strategy to solidify the
Group’s position in the global printed circuit board market.
“The expansion into India is a logical step in the implementation of our strategy
that has already started in Thailand and China. India is an attractive and
rapidly growing market for printed circuit boards. This project is important as
it significantly reinforces our ability to service our global customers. The
project combines high technology products, production flexibility, a good
delivery capacity, and a competitive cost level”, explains Aspocomp’s CEO Maija-
For further information, please contact Maija-Liisa Friman, CEO,
tel. +358 9 7597 0711.
ASPOCOMP GROUP OYJ
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. Our core
business consists of products and solutions for handheld devices, telecom
infrastructure, automotive and consumer electronics. Our production facilities
are located close to our customers in Finland, China and Thailand. In 2004, the
Group’s net sales stood at around EUR 185 million and it had some 3,500
Helsinki Stock Exchange