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Zumtobel Group starts construction of new production plant in Serbia 28.07.2017 • Groundbreaking ceremony in Niš, southern Serbia, with representatives of the company and government • Lighting group to invest up to EUR 30 million in the next two and a half financial years. • Production to start in the 2018/19 financial year. Dornbirn, Austria / Niš, Serbia – Today, representatives of the Austrian lighting group Zumtobel Group and of the government of Serbia marked the start of construction work on a new production plant at a groundbreaking ceremony in Niš. Within the next two and a half financial years the plant is to be built on a site in the southern industrial zone of Niš. When the facility is complete, it will cover 40, 000 square metres at a cost of EUR 30 million. The first products are due to come off the production line at the new factory in the 2018/19 financial year. The plant will be built in two phases covering the next two and a half financial years. At the groundbreaking ceremony, Zumtobel Group CEO Ulrich Schumacher was joined by the President of Serbia, Aleksandar Vučić, and the Austrian Ambassador to Serbia, Johannes Eigner. The entire Management Board of the lighting group was also present in Niš, along with representatives of the Supervisory Board. “I am delighted to be marking the start of construction of our new plant with today’s groundbreaking ceremony. This investment is one of the most important strategic steps in the redirection of the Zumtobel Group’s production network. The plant in Serbia will enable us to position ourselves successfully on the market in the long term and further improve our competitiveness. Construction of the plant forms part of our global strategy and the new facility will make the ideal complement for our existing production network. Serbia is at the heart of the region of Eastern Europe and offers numerous additional strategic advantages that will help make this project a success”, said Zumtobel Group CEO Ulrich Schumacher. The plant in Serbia is primarily to handle the additional production volumes planned for the coming years. In a market environment marked by high pressure on prices, this new site will offer the Zumtobel Group the opportunity to supply its core European market at optimal cost. At the same time, this move will reinforce the lighting group’s presence in the dynamic growth market of Eastern Europe. About the Zumtobel Group The Zumtobel Group is an international lighting group and a leading player in the field of innovative lighting solutions and components. With its internationally established brands, Thorn, Tridonic and Zumtobel, its acdc and Reiss brands and Zumtobel Group Services (ZGS), the Group offers its customers around the world a comprehensive range of products and services. In the lighting business the Group with its Thorn, Zumtobel and acdc brands is the European market leader. The Reiss brand supplies OEMs with luminaires with a higher degree of protection. Through its lighting components brand, Tridonic, the Group plays a leading role worldwide in the manufacture of hardware and software for lighting systems (LED light sources and LED drivers, sensors and lighting management). The Zumtobel Group Services (ZGS) brand offers a wide range of services including consultation on smart lighting controls and emergency lighting systems, light contracting, design services and project management of turnkey lighting solutions, as well as new, data-based services. The Group is listed on the Vienna Stock Exchange (ATX) and on the balance sheet date (April 30, 2017) employed a workforce of 6, 562 employees. In the 2016/17 financial year, the Group posted revenues of EUR 1, 303.9 million. The Zumtobel Group is based in Dornbirn in the Vorarlberg region of Austria. For further information, please visit http://www.zumtobelgroup.com/en/press_center.htm |
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