DAYTON, Ohio, Nov 01, 2005 (BUSINESS WIRE) -- NCR Corporation (NYSE:NCR) today announced that it will open an automated teller machine (ATM) manufacturing plant in Budapest, Hungary, to provide the additional capacity needed to support the fast expanding markets of Eastern Europe and Russia.
The new manufacturing plant will complement existing manufacturing activity at NCR's Dundee, Scotland, facility that is currently producing record levels of ATMs for the Europe, Middle East and Africa region.
The new plant will start production in December 2005 with the manufacture of NCR's Personas 87 ATM. This particular ATM will provide cash dispensing and "No Envelope" Deposit functions for customers in Eastern Europe and Russia.
"Our regional manufacturing strategy plays an important role in enabling NCR to get our product to the customer faster and more efficiently. The demand we are seeing in Eastern Europe continues to push our Dundee manufacturing operations to capacity. We need a new facility physically closer to Eastern Europe markets to meet and manage that additional demand and, at the same time, lower our shipping costs," said Keith Taylor, senior vice president of NCR's Financial Solutions Division.
"Hungary has excellent transport links and infrastructure. The country also provides good access to current suppliers for our manufacturing operations. We will continue to focus on gaining extra productivity in our operations in order to respond to the growing needs of ATM deployers worldwide."
NCR currently manufactures ATMs in Dundee (United Kingdom), Beijing (China), Pondicherry (India), Waterloo (Canada) and Sao Paulo (Brazil).
About NCR Corporation
NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata(R) data warehouses and ATMs, retail systems and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,500 people worldwide.
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
SOURCE: NCR Corporation
NCR Corporation - U.S. Lorraine Russell, 937-445-3784 lorraine.russell@ncr.com OR NCR Corporation - London Richard Maton, +44-207-725-8248 richard.maton@ncr.com
