NCR to open new ATM plant in Hungary

Source: NCR

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 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 Intelligent Deposit functions for customers in Eastern Europe and Russia

“We need a new facility physically closer to Eastern Europe markets to meet and manage additional demand more efficiently and, at the same time, lower significant shipping costs,” said Dave Ramsay, vice president of global operations for NCR’s Financial Solutions Division.

“Hungary has excellent transport links and infrastructure. The country also provides good access to high quality labour and current suppliers for our manufacturing operations. NCR remains committed to our existing operations in Dundee that will continue to serve growth opportunities across the region. These opportunities include new ATM installations, replacement of older machines and the introduction of new functions such as Intelligent Deposit. We will continue to focus on gaining extra productivity in our operations in order to respond to the growing needs of the region’s leading ATM deployers.”

NCR already manufactures ATMs in Dundee (United Kingdom), Beijing (China), Pondicherry (India), Waterloo (Canada) and São Paulo (Brazil).

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