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

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

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09/13/2012 | 05:51pm CET

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

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Financials ( CHF)
Sales 2016 9 786 M
EBIT 2016 1 094 M
Net income 2016 763 M
Finance 2016 1 878 M
Yield 2016 1,62%
P/E ratio 2016 25,68
P/E ratio 2017 23,39
EV / Sales 2016 1,80x
EV / Sales 2017 1,71x
Capitalization 19 541 M
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Mean consensus HOLD
Number of Analysts 14
Average target price 190  CHF
Spread / Average Target 3,9%
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NameTitle
Thomas Oetterli Chief Executive Officer
Alfred N. Schindler Chairman
Erich Ammann Chief Financial Officer
Karl-Heinz Bauer Chief Technology Officer
Pius Baschera Independent Non-Executive Director
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