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Forecast raised for SEZ

Switzerland's SEZ Group has upped its forecast for turnover and profits, on the back of better than expected sales of its spin-processors, which are vital tools in the production of semi-conductors.

The group, based in Zurich, expects sales in 2000 of around SFr190 million ($109 million), up from a previous forecast of SFr160-170 million.

It has also upped its forecast for 2001, saying sales should be about SFr10 million higher at SFr260 million.

Sales over the first nine months of this year more than tripled, coming in at SFr137.7 million, up from SFr37.7 million over the same period last year.

The company said its strongest growth had been in the United States and Europe, adding that it recorded new orders worth SFr89 million in the third quarter.

SEZ, which was founded in 1986 and has traded on the market since 1996, is one of the world’s leading manufacturers of special processing machinery for the wet chemical surface treatment of silicon wafers for the production of semiconductors.

swissinfo with agencies

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR