Regulatory Filings • Mar 14, 2011
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Corporate | 14 March 2011 09:20
SAF-HOLLAND S.A.: SAF-HOLLAND focuses on growth in China
SAF-HOLLAND S.A. / Key word(s): Miscellaneous
14.03.2011 / 09:20
SAF-HOLLAND focuses on growth in China
– Merger of production sites
– Goal: complete product range for Asia
Luxembourg , March 14th, 2011 – SAF-HOLLAND S.A., a leading supplier for the global truck and trailer industry, has restructured its business in China. The entire production and administration has been consolidated in Xiamen. To that end, the production of trailer axles has been relocated from the Jinan location to Xiamen, and the Jinan location has been closed. In order to be closer to customers, Sales and Marketing have been centralized in Shanghai. Frank Chao (45) is the new General Manager of SAF-HOLLAND (Xiamen) Co. Ltd. Mr. Chao has over 22 years of experience in the construction and truck industry.
Trailer axle systems and trailer landing legs are currently produced in Xiamen. 'We will rapidly expand the location into a hub for SAF-HOLLAND's entire Asian business, with a principal focus on the developing China transportation market', says CEO Rudi Ludwig. The Group expects significant growth in the region over the next four years. 'Products that focus on the price and quality standards of the Asian market will also help us achieving this. Our goal is to offer a complete product range for trucks and trailers from the Xiamen location', according to Ludwig. The Group currently employs approximately 270 people in China.
Company Profile:
With sales of approximately EUR 420 million in 2009 and over 2,300 employees, SAF-HOLLAND S.A. is one of the world's leading manufacturers and suppliers of premium product systems and components primarily for trailers as well as trucks, buses and recreational vehicles. The product range encompasses axle and suspension systems, fifth wheels, coupling devices, kingpins, and landing legs. SAF-HOLLAND customers include the majority of large truck and trailer producers all over the world. The products are sold to Original Equipment Manufacturers (OEMs) and Original Equipment Suppliers (OESs) by means of a global service and distribution network and via aftermarket channels directly to the end users and service garages. SAF-HOLLAND has therefore established itself as one of the few manufacturers in its sector that is internationally positioned with an extensive product range and a broad service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of the Frankfurt Stock Exchange since June 2007 and has been in the SDAX since December 2010.
Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
End of Corporate News
14.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | SAF-HOLLAND S.A. |
| 68-70, boulevard de la Pétrusse | |
| L-2320 Luxembourg | |
| Großherzogtum Luxemburg | |
| Phone: | +49 6095 301 – 0 |
| Fax: | +49 6095 301 – 260 |
| E-mail: | [email protected] |
| Internet: | www.safholland.com |
| ISIN: | LU0307018795 |
| WKN: | A0MU70 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 115368 14.03.2011 |
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