Realistic business plan to save chip factory in Frankfurt

silicon.de | Wednesday, 5 November 2003, 16:29 UhrKommentar write the semiconductor factory in Frankfurt an der Oder, one of the largest investment projects in eastern Germany, is now ready to be built with a real viable business plan.

The semiconductor factory in Frankfurt an der Oder, one of the largest investment projects in eastern Germany, is now ready to be built with a real viable business plan forecasts. According to information from Reuters, the original plan during the last days, though he was from the market research firm Gartner considered unrealistic been revised and should now be approved by the donors. Nevertheless, it should, according to a spokesman for the company which runs Communicant only been “slimmed down minimal”. Rather, the plan was now in such a way that the factory would not increase from the start fully, but grow with time. These are more services are offered through more effective marketing organization.

The future of the semiconductor factory is now in the hands of investors. The Dutch bank ABN Amro, leader of the consortium of banks involved will discuss the new concept with the other banks. At the same time the guarantee by the Federal Government Committee and the State of Brandenburg on the approval of the guarantee is a new decision. The granting of a guarantee about 80 percent of the 650 million euros of debt, the Committee had refused on the basis of the old business plan before.

Also, the Emirate of Dubai, with a total investment of 250 million dollars of the largest private investor, is awaiting the decision of the security committee. The oil state had suspended the payment of the final installment of its equity interest of $ 105,000,000 because of the uncertain future of the factory for the time being.