A fire has damaged parts of the Schaffner plant in Thailand

Media Release

A fire has damaged parts of the Schaffner plant in Thailand

Luterbach, 3 January 2018 – On Saturday, 30 December 2017, a fire damaged one of two production buildings of the Schaffner Group in Lamphun, Thailand. The fire mainly affected part of antenna production for keyless access systems of the Automotive Division. A Schaffner employee and a firefighter were slightly injured.

Currently, the extent of the damage and the causes of the fire are being investigated in cooperation with the Thai authorities. The Schaffner management has worked out alternatives to continue the production of the affected products with the existing teams temporarily at companies near the damaged plant as soon as possible. Schaffner intends to fully restore production capacity in Lamphun, Thailand. A relocation to other Schaffner Group plants is not planned.

The technical condition of the production facilities is currently being assessed in detail and the concrete effects on the delivery of customer orders are being evaluated. As soon as it is possible to estimate whether the incident will have a relevant impact on business development in fiscal year 2017/18, Schaffner will inform again.

Contacts

Marc Aeschlimann

Kurt Ledermann

Chief Executive Officer

Chief Financial Officer

T +41 32 681 66 06

T +41 32 681 66 08

marc.aeschlimann@schaffner.com

kurt.ledermann@schaffner.com

Financial calendar

11 January 2018

22nd Annual General Meeting

9 May 2018

Publication of half-year report 2017/18

6 December 2018

Publication of annual report 2017/18

15 January 2019

23rd Annual General Meeting

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