Elettronica
OKMETIC'S CAPITAL MARKET EVENT: THE COMPANY'S STRATEGY BASED ON HIGH VALUE ADDED PRODUCTS AND THE MULTIANNUAL INVESTMENT PROGRAMME CREATE PREREQUISITES FOR LONG-TERM GROWTH
OKMETIC OYJ STOCK EXCHANGE RELEASE 26 SEPTEMBER 2012 AT 9.00 A.M.
OKMETIC'S CAPITAL MARKET EVENT: THE COMPANY'S STRATEGY BASED ON HIGH VALUE ADDED PRODUCTS AND THE MULTIANNUAL INVESTMENT PROGRAMME CREATE PREREQUISITES FOR LONG-TERM GROWTH
Okmetic Oyj arranges a Capital Markets Day targeted for institutional investors and analysts in Helsinki today, Wednesday, starting at 9.00 a.m. The theme of the day is "Growth through cycles". At the event, the company's management will present business outlook, strategy and core objectives. The presentation materials will be available at the company's website, www.okmetic.com, today Wednesday at 9.00 a.m.
In recent years the company's performance has been clearly better than other companies in the silicon wafer industry. The long-term objective is to grow profitably and faster than the market in all market situations. In order to achieve this objective and to secure the company's competitiveness Okmetic has renewed the Vantaa plant since 2009 with a multiannual investment programme. In addition the company has built the most flexible order-delivery chain in the industry. This chain is partly based on subcontracting.
Okmetic's customers comprise companies operating in the sensor, semiconductor and solar cell industries. The shortened demand peaks of the semiconductor and solar cell industries differ from each other. In addition to this, the steadily growing sensor industry reduces the cyclicality of Okmetic's business significantly.
The company's production capacity has been increased and renewed systematically for several years to meet the changing needs of the markets. During 2009 Okmetic increased the capacity of sensor wafers and invested in new product development. As continuation to these investments, the company launched an investment in 2011 to increase the production capacity of demanding SOI wafers by extending the Vantaa plant.
In the beginning of 2011, Okmetic increased its crystal growing capacity significantly. The acquired crystal growing furnaces have been renewed to enable the production of more versatile crystal portfolio than before. This year Okmetic increases the production capacity of 200mm wafers and the added value of crystal growing, i.a. by renewing crystal cutting, and removes productional bottlenecks at the Vantaa plant with new and more efficient equipment.
The company's aim is more flexible production than before that is capable of a higher value added sales mix. After completion these investments will make it possible to increase Okmetic's wafer capacity by at least 50 percent.
OKMETIC OYJ
Kai Seikku
President
For further information, please contact:
President Kai Seikku, Okmetic Oyj,
tel. +358 400 200 288, email: kai.seikku@okmetic.com
Distribution:
NASDAQ OMX Helsinki
Principal media
www.okmetic.com
OKMETIC IN BRIEF
Take it higher
Okmetic is a technology company which supplies tailor-made silicon wafers for sensor and semiconductor industries and sells its technological expertise to solar cell industry. Okmetic provides its customers with solutions that boost their competitiveness and profitability.
Okmetic's silicon wafers are part of a further processing chain that produces end products that improve human interaction and quality of life. Okmetic's products are based on high-tech expertise that generates added value for customers, innovative product development and an extremely efficient production process.
Okmetic has a global customer base and sales network, production plants in Finland and the US and contract manufacturers in Japan and China. Okmetic's shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com .
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