Media Release Oerlikon Balzers opens its 8th coating center in India Balzers, Liechtenstein, February 14, 2013 - Oerlikon Balzers consistently executes its global expansion strategy. The opening of the 8th coating center in India, in Chandigarh (Punjab area) marks the next milestone in establishing a strong presence in regions with high growth business opportunities. "Despite current economic uncertainties we further invest proactively in our global footprint", explains Dr. Hans Brändle, CEO of Oerlikon Balzers, "we believe in the growing demand in mobility in India and therefore increased our presence in one of the automotive parts and tractor industry hubs of the country." Balzers coating technology makes production processes, e.g. in the automotive industry, significantly more efficient and environmentally friendly. This is of growing importance worldwide, and especially in the emerging markets. Oerlikon Balzers now has 90 coating centers worldwide. The latest coating center is located in Chandigarh, one of the economic centers in the Punjab area, 260 km northwest of Delhi. Numerous local and international tractor and automotive component makers are based there. With the new coating center Oerlikon Balzers will serve the existing customers with faster turnaround times and attract new ones with its unique coating technologies. Over the past 20 years Oerlikon Balzers expanded its global network of coating centers and capacities continuously. Whereas in 2000 the company operated 41 centers in 17 countries, the number has now reached 90 in 33 countries. The emerging markets in the Indian/Asian region played a crucial role in the expansion: 31 out of 90 coatings centers are already located in the Indian/Asian area today. For further information please contact: Burkhard Böndel Urs Frei Head of Group Head of Communications Communications & IR Coating T +41 58 360 T +423 388 7636 9602 F +41 58 360 F +423 388 5478 9802 firstname.lastname@example.org email@example.com About Oerlikon Oerlikon (SIX: OERL) is a leading high-tech industrial group specializing in machine and plant engineering. The Company is a provider of innovative industrial solutions and cutting-edge technologies for textile manufacturing, drive, vacuum, coating, and advanced nanotechnology. A Swiss company with a tradition going back over 100 years, Oerlikon is a global player with nearly 17 000 employees at over 150 locations in 38 countries and reported sales of CHF 4.2 billion in 2011. The Company invested in 2011 CHF 213 million (reported) in R&D, with over 1 200 specialists working on future products and services. In most areas, the operative businesses rank either first or second in their respective global markets. About Oerlikon Balzers Oerlikon Balzers is one of the world's leading suppliers of surface technologies, which significantly improve the performance and durability of precision components as well as tools for the metal and plastics processing industries. These coatings, marketed under the BALINIT® brand name, are extremely thin and exceptionally hard. They significantly reduce friction and wear. Oerlikon Balzers also develops processes, manufactures and sells systems and production facilities, and offers contract coating services through a dynamically growing network of by now 90 coating centers in Europe, the Americas and Asia. Moreover, under the technology brand ePDTM, the company develops integrated services and solutions for the chrome look metallization of plastic parts. Oerlikon Balzers is a Business Unit of the Swiss Oerlikon Group (SIX: OERL). Media release (pfd) Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch firstname.lastname@example.org +41 41 763 00 50
Oerlikon Balzers opens its 8th coating center in India
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