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STS Group AG
Regulatory Filings • Dec 19, 2019
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Ad-hoc | 19 December 2019 17:31
STS Group AG wins major contract from leading commercial vehicle manufacturer in North America and plans to build its first US plant
STS Group AG / Key word(s): Incoming Orders
STS Group AG wins major contract from leading commercial vehicle manufacturer in North America and plans to build its first US plant
19-Dec-2019 / 17:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
STS Group AG wins major contract from leading commercial vehicle manufacturer in North America and plans to build its first US plant
Hallbergmoos/Munich, December 19, 2019 . STS Group AG (ISIN: DE000A1TNU68 )/) , which is listed in the Prime Standard of the Frankfurt Stock Exchange, has won a major contract in the important US market. Today, the global systems supplier for the automotive industry was awarded by one of the leading international manufacturers of commercial vehicles to produce a complete truck roof system made of fiber-reinforced plastic SMC (Sheet Molding Compound). The project volume is approximately 230 mEUR with a term of over ten years. The start of production is scheduled for the second quarter of 2021.
With the new won order, the market position in the USA will be significantly expanded. In this context, the company plans to establish its own production site in the state of Virginia. With the construction of a plant in the northeastern region of the USA, STS Group is also strategically well positioned to acquire further orders.
STS Group AG
Stefan Hummel
Head of Investor Relations
Zeppelinstrasse 4
85399 Hallbergmoos
+49 (0) 811 124494 12
19-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | STS Group AG |
| Zeppelinstraße 4 | |
| 85399 Hallbergmoos | |
| Germany | |
| Phone: | +49 (0)811 124494 0 |
| E-mail: | [email protected] |
| Internet: | https://sts.group |
| ISIN: | DE000A1TNU68 |
| WKN: | A1TNU6 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 940529 |
| End of Announcement | DGAP News Service |