Schaffner Holding AG

EANS-Adhoc: Schaffner Holding AG
Schaffner Group confirms major order for high-speed trains in China Delivery of magnetic components in the high single-digit millions

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Major order


The Schaffner Group (SIX Swiss Exchange: SAHN) will supply, in a first tranche to be delivered by mid-2010, transformers and reactors valued in the upper single-digit millions for new high-speed trains currently under construction for the Chinese National Railway.

The major order for delivery of components for the Chinese National Railway's new high-tech trains reconfirms the Schaffner Group's standing as a leading supplier of magnetic components to the international rail technology sector. "This major order will significantly strengthen Schaffner's position in what is today the world's biggest market for high-speed trains," explained Alexander Hagemann, Chief Executive Officer of the Schaffner Group. Schaffner will supply transformers and reactors to Siemens, which is delivering components such as the electronics equipment and undercarriages for the high-speed trains being constructed in China with local Chinese partners.

China commissioned the construction of 100 modern high-speed trains in the first quarter of 2009. The high-tech trains being built in China have a top speed of 350 km/h, comprise 16 coaches totaling around 400 meters in length, and will have the capacity to carry over 1,000 passengers. They are scheduled to go into operation in 2010 on the new 1300 km track running between Beijing and Shanghai, and will cover the distance in four hours.

Luterbach, September 17, 2009

Schaffner Holding AG 4542 Luterbach, Switzerland T +41 32 681 66 26 F +41 32 681 66 30

December 8, 2009            Publication of 2008/2009 Annual Results
January 13, 2010            Annual General Meeting

Schaffner - energy efficiency and reliability The Schaffner Group is the international leader in the development and production of solutions which ensure the efficient and reliable operation of electronic systems. The Group's broad range of products and services includes EMC/EMI components, harmonic filters and magnetic components as well as the development and implementation of customized solutions. Schaffner components are deployed in energy-efficient drive systems and electronic motor controls, in wind power and photovoltaic systems, rail technology, machine tools and robotics as well as power supplies for numerous electronic devices in sectors such as medical technology or telecommunications. Schaffner provides on-site service to customers around the world through an efficient, global organization and makes ongoing investments in research, development, production and sales to systematically expand its position as leader on the international market.

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ots Originaltext: Schaffner Holding AG
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Further inquiry note:
Alexander Hagemann
Chief Executive Officer
T +41 32 681 66 06

Kurt Ledermann
Chief Financial Officer
T +41 32 681 66 08

Branche: Electrical Appliances
ISIN:      CH0009062099
WKN:        906209
Index:    SPI, SPIEX, SSCI
Börsen:  SIX Swiss Exchange / regulated dealing

Weitere Meldungen: Schaffner Holding AG

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