German PCB Specialist, Schweizer Electronic, Lays Cornerstone for New Production Site in Jintan Province, China

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German PCB manufacturer, Schweizer Electronic, has laid the cornerstone for its new technology production site in Jintan/Jiangsu Province, China. The function was accompanied by a festive groundbreaking ceremony and held in the presence of the Government of Jintan and officials from Schweizer.

Covering a production area of in total 90,000 square metres, the new plant will start operation in 2020 focusing in particular on power electronic and embedding applications for the automotive sector. After completion of the construction phase which is scheduled to last 18 months, the setup of the new production capacities will be carried out in three ramp-up phases, each with a capacity of 1,200 square metres PCBs per day. This is equivalent to the capacity of the current Schramberg production site. The total investment will amount to 150 million euro over the next ten years to enable group sales to jump to up to 500 million euro.

In November 2017, Schweizer had signed a corresponding investment agreement with the Government of Jintan and just one month later founded the new company Schweizer Electronic Jiangsu (China). The official approvals of the Chinese Environmental and Construction Authorities have been obtained and financing of the first two construction phases has already been secured. For the financing two bank consortia were set up in Germany and China, providing credit lines of 120 million US dollar.

Schweizer Electronic will continue to develop and manufacture high technology PCBs in its German production site in Schramberg. Using the additional capacities in Jintan, the company will further exploit the world-wide market potential for high-power and embedding applications by providing its customers with innovative, high-quality PCB and embedding solutions and address the fast-growing Chinese market.