Press Release
Patek Philippe, Geneva
January 14, 2015
Patek Philippe strengthens its presence in Geneva and invests more than CHF 450 million toexpand its site in Plan-les-Ouates.
Patek Philippe is enlarging its manufacture in Plan-les-Ouates to pursue new activities and enhance
the transfer of know-how.
Now that the festivities of its 175th anniversary have come to a close, the family-owned company isagain making a strong commitment to its Genevan origins: a new construction project at its Plan-lesOuates building complex has been launched to mark the start of the new year.
"We are delighted that this project will allow us to further expand and sustainably safeguard thecontinuity of our business activities; at the same time, it expresses the strong alliance between Patek
Philippe and Geneva," said Philippe and Thierry Stern. "The support we have received from thecantonal government and the community of Plan-les-Ouates gives us the assurance that we canimplement this expansion project under ideal circumstances and within an optimized time frame. It is
an important initiative in the long-term interest of our company's development and future."
Development of new technologies as well as sophisticated artisanal skills, evolvement andtransfer of know-how
The enlargement of the Plan-les-Ouates campus with an additional building is motivated by theobjective of developing new business activities and creating ideal prerequisites for the multifaceted
requirements imposed on Patek Philippe's in-house basic and advanced training programs.
This applies in particular to the following domains:
Innovation:

Intensification of applied research in horological technologies (as acomplement to the research projects pursued by the Patek Philippe Chair atthe Swiss Federal Institute of Technology in Lausanne), specifically byestablishing new test and homologation laboratories.

Artisanal professions: Creation of a new "Rare Handcrafts" department that will accommodate some
40 internal and external artisans. The department will also include a training
center dedicated to these rare artisanal skills that are extremely important toPatek Philippe.
Service:

Provision of manufacturing and warehousing resources for spare parts toconsolidate repair activities with a special focus on the restoration of oldtimepieces.

Training:

Centralization in Geneva of training assets for watchmaking and repairs aswell as sales and marketing for watchmakers, distributors, and retailers in
Switzerland and abroad.

Chemin du Pont-du-Centenaire 141 – CH - 1228 Plan-les-Ouates
Mail address: P.O. Box 2654 – CH - 1211 Geneva 2
Tel. + 41 22 884 20 20 – Fax + 41 22 884 25 47 – www.patek.com

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Optimization of capacities for the long term
Since the manufacture consolidated all of its activities in Plan-les-Ouates in 1996, it has grownsignificantly. Soon thereafter, in 2003, it became necessary to relocate the exterior components
department to Perly, a neighboring community of Plan-les-Ouates. The purchase of a plot of land in2009 enlarged the Plan-les-Ouates site, making it possible to renovate and extend a building toaccommodate the production of all movement parts.
The project that has now been launched has a floor area of about 50,000 m2 on six stories and four
underground levels. When completed in 2018, it will cover future space requirements in the long term.
The new building creates the space needed to reconsolidate all Geneva-based activities on a singlecampus and is expected to offer sufficient reserves for Patek Philippe's growth in the next 20 to 30years.
State-of-the-art production resources
Both structurally and in terms of its technical installations, the new building will comply with strict
energy conservation guidelines. Overall, the building's energy efficiency largely corresponds to theMinergie-P standard.
The building permit application was filed on December 10, 2014, and Patek Philippe hopes that theproject, estimated to last four years, can be launched in the spring of 2015.
Financed entirely by Patek Philippe, the building was designed by Frisk de Marignac Pidoux, anarchitectural firm headquartered in Geneva. It will be built by Thônex-based contractors Frei & StefaniSA.

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Facts and figures
Floor area

50,000 m2 on 4 stories plus the ground floor and top floor (restaurant) as
well as 4 sub-levels, of which 2 for utilities and building services and 2 forparking

Total budget> CHF 450 million

Building owner

Patek Philippe, Geneva

Commissioned firms
Architectural design
General contractor

Frisk de Marignac Pidoux, Geneva
Frei & Stefani SA, Thônex (Geneva)