Brief: First Sensor Benefits From TE Connectivity's Relocation Activities

First Sensor AG

03/03/2021 12:59

March 3 (Reuters) - FIRST SENSOR AG  SISG.DE :
    * TRANSITION IS EXPECTED TO TAKE PLACE IN PHASES THROUGH
JUNE 2022
    * BENEFITS FROM TE CONNECTIVITY'S RELOCATION ACTIVITIES
    * INVESTMENTS IN MACHINERIES OF UP TO EUR 2 MILLION AS WELL
AS A
SIGNIFICANT NUMBER OF NEW HIRES
    * PLAN INCLUDES MIGRATION OF A WAFER LINE AS WELL AS A PT
LINE
WITH AN ESTIMATED ANNUAL SALES VOLUME OF UP TO EUR 9 MILLION.
    * TRANSITION IS EXPECTED TO TAKE PLACE IN PHASES THROUGH
JUNE 2022
AND CONSISTS INVESTMENTS IN MACHINERIES OF UP TO EUR 2 MILLION
AS WELL AS A SIGNIFICANT NUMBER OF NEW HIRES.

Source text for Eikon:  ID:nEQ9yrfFPa 
Further company coverage:  SISG.DE 

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