Ultrasonic AG Reports Preliminary Earnings Results for the Year 2012; Announces Capacity Expansions in 2013
The company announced that the capacity expansions in 2013 are expected to raise production capacity for Shoe soles by 5% and for Sandals and slippers by 10%. The company also plans to manufacture up to 1.0 million pairs of children's shoes in 2013. Based on the company's current planning, following completion of all construction work in 2017 production capacity in the Shoe soles and Sandals and slippers segments will be 40% higher, and the company will have production capacity for around 5.0 million pairs of children's and leisure shoes.