DGAP-News: Dürr Aktiengesellschaft: Dürr lays foundations for further growth in China and South East Asia
(firmenpresse) - DGAP-News: Dürr Aktiengesellschaft / Key word(s): Strategic Company
Decision
Dürr Aktiengesellschaft: Dürr lays foundations for further growth in
China and South East Asia
11.12.2012 / 10:02
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Dürr lays foundations for further growth in China and South East Asia
Bietigheim-Bissingen, December 11, 2012 - Dürr invests in business
expansion in China and South East Asia. In Shanghai, the Group is currently
establishing a modern manufacturing and office complex in which all
activities of the mechanical engineering division Measuring and Process
Systems are gradually to be consolidated under a single roof. The new
location in the district of Baoshan is to be extended in stages for up to
1,000 employees.
Measuring and Process Systems includes balancing and cleaning technology,
filling technology and business involving testing and assembly products.
China has meanwhile become the biggest single market for this division.
Since 2005, its China sales revenues have increased eight-fold, to reach
EUR 130 million, or roughly 20% of total sales revenues of Measuring and
Process Systems. In the period from 2005 to 2012, the workforce grew from
136 to 540 employees. The Dürr Group as a whole generates roughly EUR 700
million in sales revenues in China, with over 1,600 employees.
'Good growth prospects continue to exist in future for Measuring and
Process Systems. In the medium term, sales revenues from local production
and the number of employees in China are expected to double,' says Ralf W.
Dieter, CEO of Dürr AG. In addition to the China business, a contribution
to growth is also to be generated by the expansion of business operations
in South East Asia, which will be spearheaded from Shanghai. The focus here
will be on emerging market countries like Thailand, Indonesia, Vietnam, and
Malaysia.
Dr Ralf-Michael Fuchs, Head of the Measuring and Process Systems division:
'Our products are used in the manufacture of automobiles, household
appliances, aircraft engines as well as in power generation, for instance.
These industry segments benefit directly from the growing purchasing power
and rising infrastructure investments in the Asia-Pacific region.' Experts
expect automobile production to grow by roughly 10% in each of China and
South East Asia within the next years. In the household appliances segment,
in 2015 just under half of global demand is expected to be accounted for by
the Asian/Pacific region.
In the current year, Measuring and Process Systems has sold roughly 1,200
machinery units in China. The division, which has had a presence in that
country since 1985, currently maintains three locations in Shanghai. Thanks
to operations being consolidated in Baoshan, Dürr anticipates substantial
efficiency gains in manufacturing along with synergies in engineering,
distribution and other sectors. Furthermore, local product development is
to be extended in order to provide machinery especially designed for China
and South East Asia on a larger scale than in the past.
The move to the new location is scheduled to start in mid-2013; by 2015,
the entire workforce will be located in Baoshan. The production area will
then amount to 22,000 square metres, with a further 7,400 square metres
being planned and provided for office space. In March of this year, Dürr
already commissioned a new production facility for its plant engineering
business in Shanghai Qingpu. Once the mechanical engineering location in
Shanghai Baoshan has been completed, Dürr will have a total floor space of
over 63,000 square metres in this eastern Chinese metropolis, or almost the
same area as at its headquarters in Bietigheim-Bissingen.
Dürr is a mechanical and plant engineering group that holds leading
positions in the world market in its areas of operation. It generates a
good 80% of its sales in business with the automotive industry. It also
supplies the aircraft, machinery, chemical, and pharmaceutical industries
with innovative production and environmental technology. The Dürr Group
operates in the market with four divisions. Paint and Assembly Systems
plans and builds paint shops and final assembly systems for the automobile
and aircraft industry. Application Technology provides automated paint
application, sealing, and glueing with its robot technologies. Machinery
and systems from the Measuring and Process Systems division are used in
balancing and cleaning processes, in engine and transmission manufacturing
and in final vehicle assembly, among other areas. The fourth division,
Clean Technology Systems, is focused on processes to improve energy
efficiency and on exhaust air purification technology. Dürr has 50 business
locations in 23 countries worldwide and approximately 7,500 employees. The
Group achieved sales of EUR 1.9 billion in 2011.
Photo manufacturing and office complex Baoshan:
www.durr.com/images/baoshan
End of Corporate News
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11.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Phone: 07142 78-1785
Fax: 07142 78-1716
E-mail: investor.relations(at)durr.com
Internet: www.durr.com
ISIN: DE0005565204
WKN: 556520
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard),
Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München
End of News DGAP News-Service
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196587 11.12.2012
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