HamaTech AG
HamaTech planning to relocate Recordable Division
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Sternenfels, November 23, 2006 – The Management Board of HamaTech AG has,
with the approval of the Supervisory Board, decided to examine the transfer
of its entire Optical Disc activities from Sternenfels to Kahl as a means
of exploiting further synergy benefits, and to enter into negotiations with
the Works Council on this matter.
The Optical Disc activities had originally comprised the Pre-Recorded and
Recordable Divisions. The acquisition of HamaTech AG by SINGULUS
TECHNOLOGIES AG at the start of 2006 initially resulted in a consolidation
of the Recordable Division at the Sternenfels location: the move by the
Management Board of HamaTech AG to wind up the Pre-Recorded Division
coincided with the decision by SINGULUS to close the Recordable Division in
Kahl. SINGULUS’ existing Recordable customers were subsequently supplied
with HamaTech equipment. HamaTech was able to realize significant cost
savings by focusing on the Recordable core area.
However, since the slump in the market in 2005 no recovery in demand for
systems for the production of recordable discs has yet materialized. Nor
will the rise in demand expected in 2007 be sufficient to assure permanent
profitability in the Recordable business in the prevailing circumstances
without introducing further measures. In order to realize further cost
reductions, it is necessary to pool all activities involving the
development and marketing of optical disc systems of all formats at a
single location. By realizing further synergy benefits there is potential
to achieve positive results also for the recordable systems.
End of Press Release
HamaTech AG
Ferdinand-von-Steinbeis-Ring 10
75447 Sternenfels / Germany
Internet: http://www.hamatech.de
ISIN: DE0007309007, WKN: 730900
Bernhard Krause
MetaCom Corporate Communications GmbH
Tel.: +49 (0)6181-9828020
Mobile: +49 (0)170-9202924
Fax: +49 (0)6181-9828010
eMail: Bernhard.Krause@go-metacom.de
(c)DGAP 23.11.2006
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Language: English
Issuer: HamaTech AG
Ferdinand-von-Steinbeis-Ring 10
75447 Sternenfels Deutschland
Phone: +49 (0)7045/41-122
Fax: +49 (0)7045/41-1392194
E-mail: melanie.prengel@hamatech.de
WWW: www.hamatech.de
ISIN: DE0007309007
WKN: 730900
Indices: CDAX
Listed: Geregelter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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