Georg Fischer AG
Planning review for new GF Automotive building
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, 5 November 2008, 7:00 a.m. Planning review for new GF Automotive building Owing to a review of the overall concept, the new GF Automotive building, with an integrated centre for research and development plus facilities for the Corporate Group's management and key staff functions, will be built at a later date. It had been planned to erect a replacement for the Central Laboratory in Mühlental, Schaffhausen. The new centre on the Ebnat was originally scheduled to open in the spring of 2009. The Executive Committee has decided to review the project owing to the change in operating conditions. Since the original investment decision in mid-2007, space requirements in Schaffhausen have evolved, and these are now to be met by means of an all-inclusive solution. Other reasons for reviewing the project, included the large volume of future investments, the extension of the distribution centre and the capacity expansion in the Schaffhausen plastic products facility, as well as additional projects abroad. In view of the faltering economy, Georg Fischer, as a responsible entrepreneur, is also adjusting all the Corporation's current investment projects to the changed economic and financing circumstances. Despite the planning review, Georg Fischer is nevertheless adhering to its objective of building a suitable replacement for the Central Laboratory in Mühlental as quickly as possible, thereby securing its position as a leading supplier to the automotive industry over the long term. __________________________________________________________________________ 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 26 97, Fax +41 (0) 52 631 28 63 __________________________________________________________________________ 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 05.11.2008 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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