VIENNA – AT&S expects revenues of nearly $496 million for full-year 2009, and predicts 2010 revenues of about $580 million, up 17% year-over-year.
The company is ramping capacity at its China and India plants, investing about $73.3 million in anticipation of higher demand.
“Based on strong customer demand for large volumes of highly complex HDI printed circuit boards, AT&S will further expand the production capacities of its Shanghai plant in the current financial year,” said CEO Andreas Gerstenmayer. “Currently, machinery is being installed in the new plant in India so that production can be ramped in autumn 2010 to meet the increased demand for double-sided and multilayer PCBs.”
Investments will amount to around $13.3 million, with additional investments of about $6.7 million in maintenance. Investments in new technologies are expected to be $13.3 million.
A total of about $106.6 million will be invested in the future growth of AT&S. About two-thirds of that amount will be spent in the first half of 2010.