Georg Fischer AG
New research centre for GF Automotive
Georg Fischer AG / Miscellaneous Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Schaffhausen, 27 September 2007, 7:00 a.m. New research centre for GF Automotive GF Automotive plans to build a new research centre in Schaffhausen. Investments for the project are estimated at around CHF 25 million. The new building, which will replace the current Central Laboratory in the Mühlental, will house the current research & development unit, the management of the Corporate Group and the key Corporate Group staff functions. This project underscores Georg Fischer's determination to secure long-term competitive advantages through inhouse innovation in materials development and product and process technology, thereby reinforcing its position as a leading supplier for the automotive industry. As part of the expansion plan, some 25 additional jobs are expected to be created in Schaffhausen in the next few years. The project is at the same time a further contribution by Georg Fischer to making research & development in Switzerland and in the Schaffhausen region more attractive. The application for planning permission is to be submitted by the end of this year. Construction is scheduled to start in February 2008, and the new building on the Ebnat should be in operation by spring 2009. An experimental foundry, a laboratory and an office wing will be housed in the building, which is to be constructed on a plot of land totalling 10,700 m2. The new Centre will provide space for 130 attractive workplaces. There is also a reserve for expansion at a later date. In addition to the core R&D, Sales and Central Procurement units, the new Centre will also feature a prestigious reception area with a showroom for customers and business partners and offices for Corporate Group management and the most important staff functions. The new Centre for Research & Development is based on Minergie standards, a construction concept that minimises the impact on the environment and resources. Once GF Automotive moves into the new building on the Ebnat, the property in the Mühlental is to be sold. GF Automotive, which in 2006 employed 5,778 people and generated sales of CHF 1.927 billion, has further research & development sites in Germany and China. ___________________________________________________________________________ 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 12,000 employees, it generated annual sales of 4.05 billion Swiss francs in 2006. 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 of Corporate Controlling / Investor Relations Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16 daniel.boesiger@georgfischer.com 27.09.2007 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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