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Oerlikon Optics boosts activities in Asia

The Oerlikon Optics business unit will concentrate on innovative applications and growth markets, and in process, boost its activities in Asia. In this way, costs should be optimized within the business unit and the profitability of the entire Group further increased. "Each business unit must meet its sales and profit targets; there are no such things as cross-subsidies at Oerlikon. That is why we are acting quickly and consistently now," states CEO, Dr. Uwe Krüger. Oerlikon Optics is part of the Oerlikon Components business segment, which recorded a total of 6.1 percent share of the Group's sales in the first quarter of 2007.

The excellent technical competencies of Oerlikon Optics will be focused on growth fields in the future, such as laser TV and optical security systems for motor vehicles. Towards this end, additional investments will be made in research and development, the existing product line will be streamlined and the levels of activity will be increased in Asia. To attain these goals, Oerlikon will implement corresponding measures over the next 1.5 years, which are estimated today to affect around 100 positions in the medium term at the Balzers location. "This is an important step to ensure the Group's sustained and profitable growth," according to CEO, Uwe Krüger.

For further information, please contact:

Sara Vermeulen-Anastasi

Sara Vermeulen-Anastasi

Head of Group Communications

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