NANJANGUD, INDIA -- AT&S broke ground for its second plant in Nanjangud, India. Investments planned for this plant are €37 million ($57.2 million) in fiscal years 2008/2009 and 2009/2010.
The construction is scheduled to be complete in July 2009, with production beginning in the third quarter. The new plant, located adjacent to the existing AT&S plant, will specialize in multilayer PCBs for automotive, medical and industrial applications.
The anticipated revenue contribution will be €18 million ($27.8 million) in 2009/2010 and at full capacity an annual revenues of approximately €37 million ($57.2 million) is expected.
“This addition to capacity provides a basis to successfully carrying on with our continuous and sustainable expansion. The capacity of the existing factory is currently very well-utilized and customer demand for standard multilayer and double-sided PCBs is clearly increasing. The new plant enables to strengthen our leading position. Moreover, we actively provide the basis for future growth,” commented Harald Sommerer, CEO of AT&S.
In January 1999, AT&S Group started its operations in India by acquiring the largest Indian PCB manufacturer, Indal Electronics.