Georg Fischer AG
GF Piping Systems invests in Schaffhausen: Extension of the distribution centre and capacity expansion in the production plant for plastic products
Georg Fischer AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Schaffhausen, 26 September 2008, 7:00 a.m., Ad hoc GF Piping Systems invests in Schaffhausen Extension of the distribution centre and capacity expansion in the production plant for plastic products GF Piping Systems will invest a total of CHF 21 million in its Schaffhausen location in order to expand distribution and production. About CHF 14 million of this amount will be invested in expanding the current distribution centre and improving its efficiency, while CHF 7 million will be set aside to increase manufacturing capacity of plastic products in the Schaffhausen plant. The investments will be made to satisfy the surge in demand, to eliminate delivery bottlenecks and to substantially improve operating processes. The consistent steady growth of GF Piping Systems has led to several delivery issues and it has impacted on working conditions at the Schaffhausen distribution centre. The lack of space for storage and for handling operations has forced GF Piping Systems to rent additional space in remote locations with consequent complicated logistics process, unnecessary environmental emissions and much higher costs. The Schaffhausen distribution centre, in operation since the late 1980s, will be brought up to the current more demanding market standards with new additional infrastructures: automatic high bay warehouse for additional 15,000 pallets storage, expansion of the shipment-handling area by about 2,000 sq. metres, additional 3,000 sq. metres of storage capacity for pipes and big size fittings. The construction is expected to begin by July 2009 and the expanded logistics centre is planned to come on stream in spring 2010. At the same time, the production capacity for plastic products in the Schaffhausen plant is being increased in order to meet the steep rise in demand and to improve the service to customers through better products availability and on time shipments. A big part of the new investments is related to the realization of full automatic production cells for the manufacturing of plastic fittings and accessories, mainly used in the utility and industrial piping applications. It is planned to have the new production units in full operation by June 2009. ___________________________________________________________________________ Corporate Profile Georg Fischer - 'Adding Quality to People's Lives' Georg Fischer is focused on its three core businesses GF Automotive, GF Piping Systems and GF AgieCharmilles. Founded in 1802, the company is headquartered in Schaffhausen, Switzerland, and has over 140 locations worldwide including 50 production facilities. With some 13,000 employees, it generated annual sales of 4.5 billion Swiss francs in 2007. The Corporation makes a direct contribution to the quality of life: Mobility, comfort and precision are key market requirements that we satisfy with our products and services. You'll find further information under www.georgfischer.com. You can register for our subscription service for journalists at www.georgfischer.com/subscriptionservice. You will then automatically receive our latest Media Releases or the regular Top Stories from Georg Fischer by e-mail. Georg Fischer AG, 8201 Schaffhausen/Switzerland Phone +41 (0) 52 631 11 11, Fax +41 (0) 52 631 28 37 __________________________________________________________________________ Daniel Bösiger Head Corporate Controlling / Investor Relations Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16 daniel.boesiger@georgfischer.com 26.09.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Georg Fischer AG Amsler-Laffon-Straße 9 CH-8201 Schaffhausen Schweiz Phone: +41 - 52 631 2112 Fax: +41 - 52 631 2816 E-mail: daniel.boesiger@georgfischer.com Internet: www.georgfischer.com ISIN: CH0001752309 WKN: 851082 Indices: SPI Listed: Foreign Exchange(s) SWX End of News DGAP News-Service ---------------------------------------------------------------------------
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