DGAP-News: Grammer Expands Production in China Further
(firmenpresse) - DGAP-News: Grammer AG / Key word(s): Miscellaneous
Grammer Expands Production in China Further
13.03.2013 / 09:47
---------------------------------------------------------------------
Grammer Expands Production in China Further
New plant combines existing activities at Changchun site
Additional front-end plant in Beijing for new center console orders
Expansion reflects positive development of business in China
Amberg (Germany) / Changchun (China), March 13, 2013 - Grammer AG is
stepping up its activities in the world's second-largest automotive market
by establishing two new plants there. The leading supplier of interior
components for premium car manufacturers and seating systems for commercial
vehicles is about to inaugurate a new 24,000-square-meter plant in
Changchun, China. In addition a 'front-end' plant in Beijing has been
already set-up earlier.
The new plant in Changchun unites the activities of three previously
separate production facilities at a single location. This step will allow
Grammer to benefit from optimized production flows and a sophisticated
integrated manufacturing structure. At the new plant, 850 employees will
make car interiors for both premium German manufacturers in China and local
car producers. The new front-end plant in Beijing performs final assembly
and sequencing of new center consoles projects for a premium German car
maker in China. By the time it is fully implemented in 2014, it will have
around 100 employees.
'Our investments and the new plants in China help us to grow locally with
our customers,' said Hartmut Müller, CEO of Grammer AG. 'At the same time,
we are systematically strengthening our global presence in order to become
more independent of regional market fluctuations.'
Grammer's already good international positioning enabled the company to
compensate the declines in some of its core markets in 2012 and set a new
overall revenue record of 1.14 billion euros.
Now the Grammer Group is additionally ramping up its activities in China as
part of its global growth strategy. The offensive also reflects the Chinese
market's growing importance for the globally active enterprise. China
accounts for more than 10 percent of Group revenues, making it the
second-most important country for the Grammer Group, after Germany.
Grammer is now represented at five locations in China. Its Automotive
division has operations in Changchun, Beijing, and Shanghai, where Grammer
also has an R&D center, and its Seating Systems division operates a plant
in Tianjin. In addition, Grammer produces truck seats for the local market
in Jiangyin within the scope of a German-Chinese joint venture (Grammer
Seating Jiangsu).
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 25 fully consolidated subsidiaries.
Grammer shares are listed in the SDAX segment of the German Stock Exchange,
and are tradedon 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
---------------------------------------------------------------------
13.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-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
---------------------------------------------------------------------
203733 13.03.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="JOINT VENTURE AGREEMENT EXECUTED: NSL AND VIJAY GROUP
Datum: 13.03.2013 - 09:47 Uhr
Sprache: Deutsch
News-ID 238821
Anzahl Zeichen: 23811
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 245 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Grammer Expands Production in China Further"
steht unter der journalistisch-redaktionellen Verantwortung von
Grammer AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
