DGAP-News: Grammer set to expand automotive business in North America
(firmenpresse) - DGAP-News: Grammer AG / Key word(s): Miscellaneous
Grammer set to expand automotive business in North America
15.01.2013 / 10:02
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Grammer set to expand automotive business in North America
Higher local presence and new production facility planned for 2013
NAFTA region sales up 30% in 2012
Amberg, Germany / Troy, MI, USA, January 15, 2013 - Grammer AG's Automotive
division is set to expand further into its ongoing growth in North America
being fuelled by numerous new product launches and successful acquisition
of new projects. To secure this momentum, Grammer plans to intensify its
local presence in the NAFTA region and invest in a new production facility
in North America - further increasing the importance of this market for the
company.
Presently, Grammer already generates roughly 20% of its sales through
automotive business in the NAFTA region. In 2012, revenues from interior
components in the world's largest and most important car market were up 30%
from the previous year.
Grammer Automotive in North America develops and produces innovative
products for cars from US manufacturers as well as for the models from
German premium carmakers that are produced in the NAFTA region. Customer
support for the market is headquartered at the company's sales office in
Troy, Michigan. Headrests, armrests and center consoles are produced at
Grammer's two plants in Mexico.
Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and
production of components and systems for automotive interiors as well as
driver and passenger seats for offroad vehicles (tractors, construction
machinery, forklifts), trucks, buses and trains. Our Seating Systems
division comprises the truck and offroad seat segments as well as train and
bus seating. In the Automotive division, we supply headrests, armrests and
center console systems to premium automakers and automotive system
suppliers.
Grammer is represented in 18 countries worldwide with a workforce of
approx. 9,000 employees across its 24 fully consolidated subsidiaries.
Grammer shares are listed in the SDAX segment of the German Stock Exchange,
and are traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading platform and on the OTC markets of the Stuttgart, Berlin
and Hamburg stock exchanges
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations(at)grammer.com
End of Corporate News
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000E-mail: investor-relations(at)grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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199038 15.01.2013
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Datum: 15.01.2013 - 10:02 Uhr
Sprache: Deutsch
News-ID 219419
Anzahl Zeichen: 5392
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Kategorie:
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