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Restructuring in automotive-related wire segment

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------




Following its announcement of 25 August, the Komax Group is now
concretizing its restructuring plans for its automotive-related wire
processing business. A total of 40 jobs will be eliminated; some 25
of these will be at Komax's Dierikon and Stans sites in central
Switzerland, the remainder at sites abroad.

With recovery in the automotive-related business areas no more than
hesitant, Komax is adjusting its capacities and structures to the
changed market environment in line with its announcement of 25
August. Some 25 jobs are being eliminated at the Dierikon and Stans
production sites, while a further 15 will be eliminated abroad. The
affected employees will receive assistance from Komax.

Background information on the Komax Group

With a market share of around 40 percent, Komax is a world leader in
standard wire-processing machines. The company also focuses on the
photovoltaics and medical technology growth markets.

As a machinery producer, Komax is global leader in crimp-to-crimp
machines for the wire-processing market. In addition to this, the
Komax portfolio of products and services ranges from wire cutting and
stripping machines all the way to systems for the fully automated
manufacture of complete wire harnesses.

In the photovoltaics field, Komax is a worldwide supplier of machines
for the production of crystalline and thin-film modules. Its aim is
to expand its global leadership in stringing to the other areas of
its product portfolio.

In the medical technology sector, Komax produces, for example,
machine systems for the manufacture of inhalers and insulin delivery
or injection systems. In this field, too, Komax is among the world's
leading suppliers.

The Komax Group operates production facilities in Switzerland,
France, the United States, Malaysia and China. Finally, Komax offers
professional service back-up in over 50 countries.


Contact:

Komax Holding AG Direct dial +41 41 455 06 16
Dominik Slappnig Fax +41 41 450 10 24
Head of Investor Relations & dominik.slappnig@komaxgroup.com
Corporate Communications
www.komaxgroup.com


The Media Release can be downloaded from the following link:



--- End of Message ---

Komax Holding AG
Industriestrasse 6 Dierikon-LU Switzerland

WKN:
1070215 ; ISIN: CH0010702154; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SIX Swiss Exchange;
Copyright © Hugin AS 2009. All rights reserved.



 
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