Member access

4-Traders Homepage  >  Shares  >  Swiss Exchange  >  Schindler Holding AG    SCHN   CH0024638212

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Schindler Holding Ltd : Schindler To Build New Escalator Factory In India

09/13/2012 | 11:51am US/Eastern

Elevator and escalator maker Schindler Holding AG (SCHN.EB) Thursday said it will build new factory in India to supply the local market with escalators.

MAIN FACTS:

- The factory, located near Pune, will produce escalators for the Indian market when production begins in early 2014.

- The multi-million euro plant is to be based on a new 160,000-metre sq site in the Chakan Industrial Estate outside Pune. The site, owned by Schindler, will also be home to an R&D center and an elevator factory.

- "The new plant will enable Schindler to provide escalators at more competitive conditions for the local market," said the company's Chief Executive Officer, Juergen Tinggren. Mr Tinggren added that India is of strategic importance for Schindler and the new investment reaffirms the company's long-term commitment to this growing market.

- Currently, Schindler supplies the Indian market with escalators from its production facilities in China and Europe.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on SCHINDLER HOLDING AG
05/21 SCHINDLER : wins MIT Sloan CIO Leadership Award 2015
05/21 PRESS RELEASE : Schindler wins MIT Sloan CIO Leadership Award 2015
05/21 SCHINDLER : wins MIT Sloan CIO Leadership Award 2015 (Press release)
04/30 PRESS RELEASE : Global Schindler Award – The prize goes to Spain
04/30 SCHINDLER : Press Release: Global Schindler Award – The prize goes to Spai..
04/28 PRESS RELEASE : Selected key figures as of March 31, 2015
04/28 SCHINDLER : Key figures Q1/2015: Increase in revenue and profit
04/28 SCHINDLER : Press release: Selected key figures as of March 31, 2015
04/28 BRIEF STATEMENT : Increase in revenue and profit
04/28 SCHINDLER : Brief statement: Increase in revenue and profit
Advertisement
Chart
Duration : Period :
Schindler Holding AG Technical Analysis Chart | SCHN | CH0024638212 | 4-Traders
Income Statement Evolution
More Financials