ASPOCOMP GROUP PLC STOCK EXCHANGE RELEASE May 5, 2006 at 7:55 AM
ASPOCOMP’S BOARD CONFIRMED THE PLANT INVESTMENT IN INDIA
The Board of Directors has today confirmed the investment to build a new HDI PCB
plant in Chennai, India. The total investment in 2006 and 2007 is expected to
amount to about EUR 75 million, of which about EUR 60 million is earmarked for
building and machinery and EUR 15 million for working capital and start-up costs.
The project will be financed with long-term loans raised by the parent company
and the Indian subsidiary. The unit is planned to be operational during the
second half of 2007 and in full stream in 2008. Due to investments required for
the start-up phase of the plant, its strong positive effect on the company’s
result will become markedly visible starting 2008.
The company announced on January 17, 2006 its decision in principle to build the
new plant. 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. The
investment is part of Aspocomp’s growth strategy to solidify the Group’s position
in the global printed circuit board market.
For further information, please contact Maija-Liisa Friman, CEO,
tel. +358 9 7597 0711.
ASPOCOMP GROUP PLC
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. We are strongly
positioned as a supplier of mobile data terminal equipment components and aim to
further bolster our position as a supplier to the automotive industry and data
communications networks. We offer our global customers a fast road to mass
production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2005, the Group’s net sales stood at EUR 154
million and it had about 3,400 employees.
Helsinki Stock Exchange