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30. June 2011 | Finance News
AIXTRON SE / Key word(s): Strategic Company Decision/Legal Matter AIXTRON: Further growth in China Shanghai/PR of China, June 30, 2011 - AIXTRON SE (FSE: AIX; NASDAQ: AIXG), the world leading supplier of MOCVD equipment for the production of Light Emitting Diodes (LEDs) announces the opening of its wholly owned Chinese subsidiary AIXTRON China Ltd. as the next step towards the company's plans for further expansion in China. The new entity replaces the representative office and operates out of expanded facilities in Shanghai. This move is intended to support AIXTRON's growing base of Chinese customers and makes it easier to grow by opening other facilities throughout China in the near future. 'This is the next logical step in terms of our increasing commitment to support China's aggressive plans to become one of the world's leading countries in LED production. This also reflects the strong growth in AIXTRON's MOCVD installed base and our increasingly competitive edge in this exciting market', says Dr. Christian Geng, AIXTRON Vice President Greater China. 'It allows us to further enhance our Customer Support, which will result in reducing operating costs for our customers through streamlined processes and a broader range of services.' Going forward, this significant investment will make it possible to supply customers with spare parts and service support even faster and more efficiently on a local basis. AIXTRON intends to continue expanding with further investments in China later this year. 'We are deeply impressed by China's commitment to introduce efficient lighting with LEDs and taking a leading role', says Dr. Bernd Schulte, AIXTRON's Executive Vice President and Chief Operating Officer. 'We are fully supportive of our increasing customer base and the government agencies involved.' AIXTRON's recent growth in China has meant that the number of employees in AIXTRON's Chinese operation has tripled in the last two years and will continue to grow throughout the year. 'We set high standards for our staff - it is not without good reason that AIXTRON's service teams are considered to be the most experienced in this field', comments Dr. Geng. AIXTRON supplies key technologies for innovative and energy-efficient applications. The company has proven MOCVD expertise in relation to carbon nanotubes, silicon, silicon carbide and organic semiconductors. The new R&D center, which opened last summer on the site of the German headquarters, is driving the development of the next generation of deposition systems for the materials of the future. The company underlined its international focus by converting into a European company (SE - Societas Europaea) at the end of 2010. For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ: AIXG, ISIN US0096061041) please consult our website at: www.aixtron.com.
End of Corporate News 30.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | AIXTRON SE | |
Kaiserstr. 98 | ||
52134 Herzogenrath | ||
Deutschland | ||
Phone: | +49 (241) 8909-444 | |
Fax: | +49 (241) 8909-445 | |
E-mail: | invest@aixtron.com | |
Internet: | www.aixtron.com | |
ISIN: | DE000A0WMPJ6, US0096061041 | |
WKN: | A0WMPJ | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Terminbörse EUREX | |
End of News | DGAP News-Service |
130255 30.06.2011 |
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