The story appears on

Page A10

May 15, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

AT&S to boost China spending

AT&S will increase capital spending by up to 300 million euros (US$337 million) in the next financial year, including a major investment in its Chongqing plant.

The Austria-based firm, which produces components used in computers, smartphones and the automotive industry, aims to increase its investment in China despite the weak smartphone market.

It will invest in maintenance, expanding capacity and technology upgrades. About 80 million euros will be used to expand its Chongqing plant. Additional investment in technology and capacity will also be used in plants in Shanghai and Chongqing, depending on market development, AT&S said.

In a highly challenging market environment, AT&S is optimistic that new growth engines such as 5G and AI will boost its income. In its previous fiscal year, which ended in March, AT&S posted revenue of 1.03 billion euros, a 3.6 percent growth year on year. Chinese plants are its major manufacturing base.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend