DGAP-Adhoc: Grammer AG and Yuhua establish joint venture for truck seats in China

| Source: EQS Group AG EQS Group AG 

Grammer AG  / Key word(s): Joint Venture

17.12.2012 17:16

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to section 15 WpHG
GRAMMER AG (WKN 589540, ISIN DE0005895403)

Grammer AG and Yuhua establish joint venture for truck seats in China

Amberg, December 17, 2012 - Grammer AG and Jiangsu Yuhua Automobile Parts
Co. Ltd., a well-established Chinese supplier of components and systems for
commercial vehicles and passenger cars, earlier today signed an agreement
to establish a joint venture for the production and distribution of truck
and bus seats in China. 60% of the new joint corporation Grammer Seating
(Jiangsu) Co. Ltd., located in Jiangyin, China will be held by Grammer AG.
Yuhua has a 40% stake.

The new joint venture offers Grammer a quick and long-lasting entry in the
world biggest market for commercial vehicles and is therefore another
important milestone of Grammer's growth strategy.

Yuhua provides a new manufacturing location and will, among other things,
also bring its existing truck-seat business and a well-established customer
base into the joint venture. Together with its partner Yuhua, Grammer now
is able to produce market-specific seat-types locally and distribute them
to local and international customers.

GRAMMER AG
Executive Board




Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com


17.12.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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 66-1000
E-mail:       investor-relations@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 Announcement                             DGAP News-Service
 
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