Investor news

Public disclosure of inside information according to article 17 MAR - Zumtobel Group to build new luminaire production plant in Serbia
27.01.2017
  • Supervisory Board approves construction of a luminaire plant in Niš in southern Serbia.
  • New site to manufacture additional planned volumes at optimal cost.
  • Production in Serbia complements existing plants.
  • Lighting group to invest up to EUR 30 million in the next two and a half financial years.
  • Production to start in the 2018/19 financial year.

Dornbirn, Austria, 27.01.2017, 04:30 pm – Austrian lighting company Zumtobel Group is to expand its production network by adding a new plant in Niš, southern Serbia. The project was approved at today’s meeting of the company’s Supervisory Board. The primary role of the planned luminaire plant in Serbia is to handle the additional volumes that are planned for the years ahead. In a market environment marked by high pressure on prices, the new site will offer the Zumtobel Group the opportunity to supply its core European market at optimal cost. At the same time, the move will reinforce the lighting group’s presence in the dynamic growth market of Eastern Europe. When the final phase of construction work is completed, the new plant will have cost up to EUR 30 million. The plant will be built in two phases covering the next two and a half financial years. The first luminaires are slated to roll off the production lines at the new factory in financial 2018/19.

New plant in Niš, Serbia, to complement integrated production network
In the lighting segment the Zumtobel Group maintains European production facilities in Germany, Austria, England and France. The Group also has one production plant in each of the countries USA, Australia, New Zealand and China. The plant in Niš, Serbia is to be newly built from the ground up. The factory’s primary role will be to handle additional planned volumes.


Investor Relations
Harald Albrecht
VP Investor Relations
Phone +43-(0)5572 509-1125
harald.albrecht@zumtobelgroup.com

Media Contact
Simone Deitmer
Head of Corporate Communications
Tel. +43-(0)5572 509-575
simone.deitmer@zumtobelgroup.com



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