EANS-News: Balda AG: Commercial premises of the Bad Oeynhausen property has been let up to 80 percent
Bad Oeynhausen (euro adhoc) -
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Company Information
Balda AG: Commercial premises of the Bad Oeynhausen property has been let up to 80 percent
Bad Oeynhausen, 19 May 2010 - Balda AG, listed in the SDax segment on the Frankfurt Stock Exchange, has let around 30 percent of the commercial premises that are part of its real estate at the Bad Oeynhausen headquarters to a manufacturer of machines for the printing industry. The Group´s subsidiary Balda Medical will extend its usage to around 50 percent of the modern factory buildings and office space. Based on the new usage concept for the business park, with access for persons external to the Group, around 80 percent of the floor space amounting to 26,000 square metres will be occupied and let as of August 2010.
A capacity utilisation of 92 percent is aimed for The business park located in the Wulferdingsen district of Bad Oeynhausen was completed in 2001 and possesses high-quality technical equipment. Among other things, air conditioning systems, elevators and sufficient parking space are available. The conclusion of the letting contracts was completed on 18 May 2010. The letting period amounts to a minimum of 5 years. The new tenant will establish about 160 jobs. The floor plan that has been agreed on now already takes into consideration the production space slated for the further growth of Balda Medical, in particular additional assembly lines in production. A comprehensive modernisation for the high rack warehouse is scheduled in the fourth quarter. Together with the high rack warehouselikewise being offered for lettingand more office space, Balda AG aims for a capacity utilisation of approximately 92 percent of the total area of the business park in the financial year 2011.
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Company Profile Balda AG The Balda Group develops and produces complete plastic assemblies, electronic products and products for the medical industry. The customers of Balda are leaders in business from the mobile, entertainment and electronic communications as well as pharmaceutical and medical technology markets.
The group has an international position with product sites in China, Malaysia and Germany. A subsidiary in the United States serves North American customers in product design and development. As part of a shareholding in a leading manufacturer of touch screens in China, Balda participates in the dynamic touch screen displays market.
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This corporate news announcement includes "forward-looking statements" which are based on the current expectations of the management of Balda. They are subject to risks and uncertainty because they relate to events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda does not undertake any obligation to update publicly or revise forward-looking statements except to the extent legally required.
This corporate news announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The shares in Balda AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares have not been and will not be registered under the Securities Act.
end of announcement euro adhoc
Further inquiry note:
Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de
Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade