JINTAN, JIANGSU, CHINA -- Schweizer Electronic on Thursday laid the cornerstone for its new state-of-the-art printed circuit board production site here.

The new plant is scheduled to come online in 2020 and will have a production area of 90,000 sq. m (969,000 sq. ft.).  The site will focus on power electronic and embedded applications for automotive customers.

After completion of construction, which is scheduled to last 18 months, set-up of the new production capacities will be executed in three phases, each adding a capacity of 1,200 sq. m of PCBs per day. In that sense, the Jintan site's capacity will be equivalent to that of Schweizer's production site in Schramberg, Germany.

Total investment will amount to 150 million euro over the next 10 years, the PCB fabricator said. Upon reaching full capacity, Schweizer forecasts group sales will rise to 500 million euros ($571 million in today's dollars) from 121 million euros ($137 million) last year.

The new campus comes following an agreement between Schweizer and the Chinese government signed last November. Germany and Chinese banks provided credit lines in the amount of $120 million.

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