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GRAMMER AG — Capital/Financing Update 2011
Jun 10, 2011
186_rns_2011-06-10_d9f978bc-27ba-4971-8ba4-3c78827ac90c.html
Capital/Financing Update
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Corporate | 10 June 2011 09:56
GRAMMER AG: millions invested at the Haselmühl location
Grammer AG / Key word(s): Miscellaneous
10.06.2011 / 09:56
GRAMMER AG: millions invested at the Haselmühl location
EUR 5 million invested in new machinery
Expansion of core competencies in metal processing
Amberg, June 10, 2011 – Grammer AG, specialist for seating systems and automotive interiors is expanding its core competencies in metal processing at the Haselmühl location, Germany. The company is investing more than five million euros in additional machinery to optimize the value chain and put an end to the dependence of the Haselmühl site on offroad business. With the new core competencies, the plant will now serve as an internal supplier of complex metal components for the entire Grammer Group, in addition to the production of seating systems for offroad vehicles.
'The investment and strategic reorientation aims at making the plant competitive by better leveraging the advantages of the location and its highly qualified staff and to expand our competencies in the area of metal processing,' says executive board member Manfred Pretscher.
Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and production of components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles (tractors, construction machinery, forklifts), trucks, buses and trains. Our Seating Systems division comprises the truck and offroad seat segments as well as train and bus seating. In the Automotive division, we supply headrests, armrests, center console systems and integrated child safety seats to premium automakers and automotive system suppliers. Grammer is represented in 17 countries worldwide with a workforce of approx. 8,000 employees across its 23 fully consolidated subsidiaries. Grammer shares are listed in the S-DAX segment of the German Stock Exchange, and are traded on the Munich and Frankfurt stock exchanges, via the Xetra electronic trading platform and on the OTC markets of the Stuttgart, Berlin and Hamburg stock exchanges.
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| Language: | English |
| Company: | Grammer AG |
| Postfach 14 54 | |
| 92204 Amberg | |
| Deutschland | |
| Phone: | +49 (0)9621 66-0 |
| Fax: | +49 (0)9621 66-1000 |
| E-mail: | [email protected] |
| Internet: | www.grammer.com |
| ISIN: | DE0005895403, DE0005895403 |
| WKN: | 589540, 589540 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart |
| End of News | DGAP News-Service |
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| 128177 10.06.2011 |