DGAP-News: Grammer AG / Key word(s): Miscellaneous
Grammer AG Establishes New US Production Site
30.01.2014 / 07:14
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Grammer AG Establishes New US Production Site
New U.S. headquarters in Lee County, Mississippi
Important milestone in Grammer's global growth strategy
Lee County, MI, USA / Amberg, Germany, January 30, 2014 - Grammer AG,
leading specialist in seating systems and components for car interiors is
establishing a new manufacturing facility in the U.S. state of Mississippi.
The new plant will also serve as Grammer's new headquarters in the United
States. Plant opening and start of production is scheduled for the end of
2014.
By establishing the new site, Grammer AG will further increase its local
presence in North America. With this new location Grammer can also optimize
its internal value chain in the NAFTA region and can guarantee its
customers a maximum of logistical flexibility. Together with its two large
manufacturing facilities in Mexico, the automotive sales and engineering
center in Troy, Michigan, the seating location in the north of the Unites
States, the new location in Mississippi will excellently position Grammer
in North America and support the company's successful growth strategy in
that market.
'The North American car and commercial vehicle markets are extremely
important factors in the Grammer Group's growth strategy. Already today we
are generating more than 15 percent of our global sales in the NAFTA region
and we are planning to double our sales volume over the next five years.
Therefore this new location is an important milestone in our global growth
strategy and will support to achieve our ambitious growth targets in North
America', said Hartmut Müller, CEO of Grammer AG
Company Profile
GRAMMER AG, headquartered in Amberg, Germany, is specialized in developing
and manufacturing components and systems for automotive interiors as well
as driver and passenger seats for offroad vehicles (tractors, construction
machines, and forklifts), trucks, buses and coaches, and trains. Our
Seating Systems division supplies truck and offroad seats as well as train
and bus seating. Our Automotive division provides headrests, armrests, and
center console systems to major carmakers and automotive system suppliers.
GRAMMER is active worldwide in 18 countries with 27 fully consolidated
subsidiaries and a workforce of more than 9,000 employees.
GRAMMER is a component of the German SDAX stock index, and its shares are
traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading system, and in the OTC markets of the Stuttgart, Berlin,
and Hamburg stock exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@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 66-1000
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 News DGAP News-Service
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250184 30.01.2014
DGAP-News: Grammer AG Establishes New US Production Site
| Source: EQS Group AG