Balda Aktiengesellschaft

EANS-News: Balda AG: Concentration of Chinese production at site in Beijing

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Bad Oeynhausen (euro adhoc) - Balda AG: Concentration of Chinese production at site in Beijing

Bad Oeynhausen, 21 June 2010 - Balda AG, listed in the SDax segment of the Frankfurt Stock Exchange, pushes the restructuring of its global business, as also presented recently at the Annual General Meeting. In future the Group concentrates mass production of plastic assemblies for the mobile phone industry in China at the Beijing production site. "This package of measures intensifies the proximity to the customer and exploits synergies forcefully", explained Rainer Mohr, Balda AG´s Chief Financial Officer. The Group will transfer suitable projects planned for the Suzhou site, located near Shanghai, to Beijing. "The site, situated near the airport of the Chinese capital, will organize manufacturing processes optimally with the most up-to-date technology. As of July of this year, the production plant offers the best prerequisites for highly efficient production methods", Mohr stated. Balda had already reported on the upcoming start-up of the new site.

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Company Profile Balda AG

The Balda Group develops and produces complete plastic assemblies, electronic products and products for the medical industry. The customers of Balda are leaders in business from the mobile, entertainment and electronic communications as well as pharmaceutical and medical technology markets.

The group has an international position with product sites in China, Malaysia and Germany. A subsidiary in the United States serves North American customers in product design and development. As part of a shareholding in a leading manufacturer of touch screens in China, Balda participates in the dynamic touch screen displays market.

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This corporate news announcement includes "forward-looking statements" which are based on the current expectations of the management of Balda. They are subject to risks and uncertainty because they relate to events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda does not undertake any obligation to update publicly or revise forward-looking statements except to the extent legally required.

This corporate news announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The shares in Balda AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares have not been and will not be registered under the Securities Act.

end of announcement                               euro adhoc

Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728

Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell

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