omniture

AT&S Supervisory Board Chairman Dr. Hannes Androsch Appointed Member of Chongqing Mayor's International Economic Advisory Council

2015-09-25 15:50 4504

SHANGHAI and CHONGQING, China, Sept. 25, 2015 /PRNewswire/ -- Chongqing is not only considered the largest city in the world but plays a significant role in the State project "One Belt One Road", connecting the Yangtse river belt from Shanghai with the silk route across Central Asia to Western Europe. The Chongqing Mayor Huang Qifan has therefore established an international Economic Advisory Council, consisting of 35 Global Chairmen of Fortune Top 500 companies which get together annually - this year from Sept. 19-20, 2015.

Dr. Androsch was appointed to the International Economic Advisory Group by Chongqing Mayor Huang Qifan
Dr. Androsch was appointed to the International Economic Advisory Group by Chongqing Mayor Huang Qifan

 

AT&S Supervisory Board Chairman Dr. Hannes Androsch was appointed as one of six new members to the Chongqing Mayor's International Economic Advisory Council and received the credential from the Mayor. His advisory mandate is based on his longstanding expertise as industrial entrepreneur and former finance minister position.  

The two day meeting attracted around 400 worldwide business executives and top Chongqing officials and reveals an exciting era and the importance of Chongqing with the State's focus on the "One Belt One Road" strategy, the next growth engine the Chinese government is pushing to link 65 countries with 4 billion people.

Dr. Androsch was part of the panel discussion themed "Yangtze River Economic Zone strategy drives the transformation of Chongqing's Economy". He discussed in depth the challenges and opportunities for the future development of Chongqing from an investors perspective and pointed out Chongqing's huge advantages and how AT&S, the largest Austrian investor in China, benefits from these advantages in Chongqing with its new investment of EUR 480 million.

From Dr. Androsch's presentation, he sees great possibilities for Chongqing to further enhance infrastructure development in areas like finance and transportation. A whole new industrial base, such as electronics or semiconductors can be developed on these service industries. And Chongqing's existing manufacturing businesses will become more competitive as they exploit the infrastructure benefits of these upgraded service industries. He also underlined how vital it is for Chongqing to continuously attract direct investment by leading high-tech enterprises worldwide and invest in talents.

AT&S, one of the globally leading manufacturers of high-end HDI printed circuit boards (PCBs), has been investing continuously in high-technology and innovation in China over the past 14 years. Since the beginning of its Chongqing plant constructions in 2011, AT&S is committed to sustainable development in Chongqing. The setup of the Chongqing plant is proceeding according to plan.

The ramping-up of the IC substrate plant (plant 1) is scheduled for beginning of calendar year 2016 and the start of production of substrate-like PCBs (plant 2) is expected for the second half of the calendar year 2016. By mid-2017, the planned investment volume in Chongqing will reach some EUR 480 million. AT&S will pursue its growth plans in Chongqing, consolidate its industrial leadership, and contribute to the economic development of Chongqing and Western China.

AT&S Austria Technologie & Systemtechnik AG - first choice for advanced applications

AT&S is the European market leader and one of the globally leading manufacturers of high-end printed circuit boards. AT&S industrialises leading-edge technologies for its core business segments Mobile Devices, Automotive, Industrial, Medical and Advanced Packaging. Starting 2016, AT&S positions itself with two new leading-edge technologies - IC substrates and substrate-like PCBs - in the high-end market at the new production facility in Chongqing (China). As an international growth company, AT&S has a global presence, with production facilities in Austria (Leoben and Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing under construction) and Korea (Ansan, near Seoul). The company currently employs about 8,400 people. For more information: www.ats.net

Photo - http://photos.prnasia.com/prnh/20150925/0861509156
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Source: AT&S
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