Chips are down for Tege

The Swiss maker of vending machines for French fries, Tege, says it expects to make a loss of SFr11 million in 1999. Tege said the losses were within expectations, and that it still aimed to make a profit by the end of 2001.

The Swiss maker of vending machines for French fries, Tege, says it expects to make a loss of SFr11 million in 1999. Tege said the losses were within expectations, and that it still aimed to make a profit by the end of 2001.

Tege, based in St. Légier in canton Vaud, said it was concentrating on improving the operation and reliability of its “Fresh Fries” machines, and on extending its network.

So far, 70 machines have been sold or are under contract in Switzerland, Germany, Britain and France. Tege had said its aim was to have 100 in place by the end of 1999. The company said negotiations were under way on installing another 60.

Tege added that it had strengthened the company by hiring a financial and a technical director, and that it was continuing to centralise its financial and technical services in St. Légier.

The company’s general assembly will be held on June 30.

From staff and wire reports