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SCHOTT investing over 34 million euro in modernization of production

SCHOTT CR, a.s. a subsidiary of SCHOTT group, is planning modernization through expansion of its plant in Valasske Mezirici at a cost of over 34 million euro. In connection with this, the company plans to completely revamp its production program, which in the long-term will ensure work for more than 200 people.

25.07.2006

“STV Glass, which was renamed to SCHOTT CR recently, began production of glass components for CRT displays in 1994,“ says Jörg Hurtz, Chairman of the Board at SCHOTT CR, adding: “The shift in consumer demand from CRT to flat panel televisions has lead to a steady decline in worldwide sales of CRT televisions, forcing us to close our CRT production. Because of the good experiences in Czech Republic, the existing infrastructure of the location and the well trained employees SCHOTT decided to implement a completely new production of glass tubes for LCD television and computer-monitor backlights in Valasske Mezirici.”

The modification of an existing building is now almost finished so that it will meet future conditions. SCHOTT CR is thus committed to the long tradition of the glass industry in Valasske Mezirici. Innovative production will get under way this year at the beginning of August, when the first production unit starts production, followed by another eight glass melting tanks in the following months. All production will be intended for export.

“SCHOTT CR is implementing a unique production program, which the competition in Europe does not have. Only one other subsidiary of SCHOTT located in Mitterteich, Germany, produces the same range of products in Europe,” says Tomas Hruda, CEO of CzechInvest.

Tubes for technological and medical use are a traditional area of production within the SCHOTT group.


MORE ABOUT THE COMPANY


SCHOTT CR, a.s. is a subsidiary of the SCHOTT group with its headquarter in Mainz, Germany and is one of four SCHOTT companies located in Valašské Meziříčí in the Czech Republic. SCHOTT is an international technology group that sees its core purpose as the lasting improvement of living and working conditions. For this purpose special materials, components and systems are developed. The main areas of focus are the household appliances industry, optics and opto-electronics, pharmaceuticals and solar energy. The SCHOTT Group has a presence in proximity to its customers through its production and sales companies in all its major markets. It has approximately 17,000 employees producing worldwide sales of approximately 2 billion euros. The company’s technological and economic expertise is closely linked with its social and ecological responsibility.
www.schott.com


COMPANY CONTACT:

Jana Kubickova, Assistant to the Chairman of the Board, SCHOTT CR, a.s.
Phone: +420 571 686 110
Fax: +420 571 686 194
jana.kubickova@schott.com