Schaffner plans to discontinue production at the Büren site

Demand for power magnetics solutions produced by Schaffner Deutschland in Büren has been declining since the start of 2015 and the capacity utilization required to ensure economic viability at the Büren site can no longer be achieved. Furthermore, the unfavorable cost trend means that production costs at the Büren site are now considerably above the market average. These price and cost pressures and increasing overcapacity at Büren have led to operating losses for Schaffner Deutschland GmbH at the Büren site in both the previous fiscal year and the first half of 2015/16.

Schaffner plans to establish the global competence center for power magnetics solutions (transformers, chokes) at the Büren site and, over the long term, invest in the expansion of the research & development and process technology areas. The production of transformers and chokes is to be merged into Schaffner Group's current production sites in China, Hungary and the USA.

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