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Komax signs credit agreement worth CHF 100 million |
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This week, Komax and a consortium of banks led by Credit Suisse
signed a credit agreement valid until 31 January 2013, with credit
lines totalling CHF 100 million. The agreement creates the necessary
flexibility for the company, while providing financial security for
operations and guaranteeing the further implementation of the
business strategy. The successful conclusion of the agreement
demonstrates the trust the banks are placing in Komax and in the
positive outlook for the Group's future.
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 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:
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement. Copyright © Hugin AS 2009. All rights reserved.
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