Muehlhan AG

Regulatory Filings • Apr 28, 2009

News Details

Corporate | 28 April 2009 09:26

Muehlhan AG: Capacities in Denmark expanded

Muehlhan AG / Alliance/Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Muehlhan expands capacity in Denmark

* Lease of a new blasting hall in Esbjerg
* Additional orders in the Offshore and Wind Energy segments expected

Hamburg, 28 April 2009 - Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7)
will soon be expanding its capacity in Denmark. Effective 1 May 2009, the
Danish subsidiary Muehlhan A/S will be moving as the Lessee into a newly
built complex of blasting and coating halls in Esbjerg, which means that
this coastal city will become a new production site for the Muehlhan Group.
The facility covers approximately 2,000 m² and is outfitted with a modern
heat-recovery system and steel-grit recycling equipment.

The facility is located on the grounds of a company that is engaged
primarily in the manufacture of steel components and pipes for the Oil &
Gas Offshore segment. However, the halls were designed to accommodate
jobs from other business segments as well, so in the future Muehlhan also
plans to use the new site for coating steel parts for wind turbines.

The blasting and coating halls will make it possible to carry out work
under constant climatic conditions. Shorter drying times will accelerate
the entire production process while significantly increasing quality and
productivity.

Despite the economic crisis, the global demand for wind turbines will rise
sharply in the years to come. However, 2009 growth will be noticeably
lower, since even in this segment, many developers are having trouble
financing their projects. Nevertheless, all of the major manufacturers
expect to return to double-digit growth as soon as the credit crunch ends.
By expanding its capacity, Muehlhan will be well positioned to take
advantage of this trend.

About Muehlhan:
The Muehlhan Group is a leading world provider of marine surface
protection. Its core business consists of applying and renewing corrosion
protection coatings to steel structures. They include steel surfaces of
ships and of oil and gas rigs and platforms. The Muehlhan Group is also
active in the Industry Services segment, which, besides scaffolding for
marine and industry customers, includes surface protection for wind
turbines, chemical production plants, and fuel storage depots, steel
bridges, cranes, and machinery. The company's patented technology
brand-named μ-jet(R) guarantees especially high quality and efficiency
in the removal of old coatings and rust, particularly in the open sea.
Muehlhan was established in Hamburg in 1881 and has some 2,500 employees
around the world. For 2008 the company generated sales revenue of more than
EUR 206 million (IFRS). For further information visit
http://www.muehlhan.com

Press contact: Ties Kaiser c/o Muehlhan AG, Phone +49 40 752 71 156, email:
kaiser@muehlhan.com

28.04.2009 Financial News transmitted by DGAP

Language: English
Issuer: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Deutschland
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: investorrelations@muehlhan.com
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Freiverkehr in Berlin, Hamburg, München, Stuttgart; Entry
Standard in Frankfurt

End of News DGAP News-Service

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