Economy Börse Express - Coronavirus - All three AT&S plants...

Börse Express – Coronavirus – All three AT&S plants in China are back in operation / Chongqing II is open under certain conditions after an extended New Year’s holiday – Chongqing I is open all day – Shanghai has been in operation since February 10, as planned

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The Styrian listed company
PCB manufacturer AT&S is accepting today in Plant II
Chongqing site resumes operations. With that are now again
all three Chinese AT&S plants at least with restricted
Capacities in operation, the company announced on Friday.
The Chinese New Year holidays were due to the corona virus
been extended.

The opening of the plant in the central Chinese city of Cohngqing
are very intensive negotiations with the Chinese authorities
preceded by a local regulation that
The restart of production was linked to strict specifications. AT&S is
one of the first companies in the Yufu Industrial Park in Chongqing, the
obtained the authorization of the authorities for the restart
have.

“We are very happy and relieved that we are back with the
Production can start and all specifications and requirements of the
Authorities could meet, “says AT&S CEO Andreas Gerstenmayer in
a broadcast and thanks the colleagues in China for their efforts.
To the positive decision of the Chinese authorities for the opening
Obtained from Chongqing II is a comprehensive documentation of the
precautions taken and travel movements and
Compliance with the quarantine regulations of all employees is necessary
been.

The Chongqing I plant was with a short, maintenance-related
Interruption also in operation during the New Year holidays and fell
therefore not under the resumption of production regime.
The largest Chinese AT&S plant in Shanghai, as planned,
February, in operation after the extended New Year holidays
can go. “The situation in China remains volatile and will be
closely monitored and accompanied by top management, “it says
in the company announcement.

The Styrian listed company based in Leoben
employs more than 10,000 people, including around 7,000 in China.
There are 4,500 people in Shanghai and 2,500 in
Central Chinese Chongqing.

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The AT&S Austria Technologie & Systemtechnik Aktiengesellschaft
has been listed on the stock exchange since 1999. Ex-SPÖ finance minister Hannes Androsch
and Willibald Dörflinger each hold more than 17 percent of the
Shares, the rest (64.7 percent) are in free float.

gru / kan

 ISIN  AT0000969985
 WEB   http://www.ats.net

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