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NORMA Group SE — Regulatory Filings 2012
May 3, 2012
311_rns_2012-05-03_b7b632e2-8502-429b-af3c-cf13eaa8a385.html
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Media | 3 May 2012 09:15
NORMA Group gearing up for growth in Asia-Pacific
NORMA Group AG / Key word(s): Enterprise/
03.05.2012 / 09:15
NORMA Group gearing up for growth in Asia-Pacific
– New offices in fast-growing markets Vietnam, Indonesia and the Philippines
– Sales force and distribution network expanded in Malaysia, Thailand, India and China
Maintal, Germany, 3 May 2012 – NORMA Group AG ('NORMA Group'), a global market and technology leader in engineered joining technology, continues to expand in Asia-Pacific with the opening of new offices and further developing its distribution network across the region. With this step, NORMA Group is increasing its distribution network in this region and sells joining technology products through various distribution channels to distributors, OEM aftermarket customers, technical wholesalers and hardware stores.
The company opened a new office in Ho Chi Minh City (former Saigon) in Vietnam in the beginning of 2012. Vietnam is considered to be one of the next major growth countries in Asia-Pacific. In addition, representative offices are to be established in Manila, Philippines, and in Jakarta, Indonesia in May. With the new representative offices, NORMA Group is venturing into new markets in the region to build brand awareness and establish distribution partnerships throughout these countries.
Werner Deggim, CEO of NORMA Group, says: 'We are expanding our activities in emerging markets in which we expect strong growth and new opportunities. In doing so, we are able to service our local customers in an even better way, while at the same time strengthening our sales and distribution capacities in already existing markets.'
In countries such as Malaysia, Thailand, India and China where NORMA Group has existing offices, the company is continually enlarging its sales teams and building up distribution networks. Recently, a new sales office has been established in Shanghai, China. Furthermore, in India NORMA Group has intensified efforts in developing the business: With more than 30 distributors, the five major industrial regions are covered. Gearing up its sales activities, NORMA Group supports the rising demand for its products and solutions and secures its leadership position in engineered joining technology.
In 2011, sales in Asia-Pacific were EUR 35.7 million. With the new offices, NORMA Group is present in eleven countries in this region. In the financial year 2012, NORMA Group expects sales growth for the Asia-Pacific region in the high single-digit percentage range.
Additional information on the company is available on www.normagroup.com . To download press pictures, please visit www.normagroup.com/press pictures .
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-mail: [email protected]
Tel: +49 (0)6181 – 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered joining technology. The company manufactures a wide range of innovative engineered joining technology solutions in three product categories (clamp, connect and fluid) and offers more than 35,000 high-quality products and solutions to approximately 10,000 customers in 90 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems. NORMA Group generated sales of around EUR 580 million in 2011. With around 4,400 employees, NORMA Group operates a global network of 17 production facilities as well as numerous sales and distribution sites across Europe, the Americas and Asia-Pacific. NORMA Group has its headquarters in Maintal near Frankfurt am Main, Germany. The company was formed in 2006 as a result of the merger between the German Rasmussen Group and the Swedish ABA Group. NORMA Group is listed on the German stock exchange since April 2011, and included in the SDAX index since June 2011.
End of Media Release
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| Language: | English |
| Company: | NORMA Group AG |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181-6102-741 |
| Fax: | +49 (0)6181-6102-7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | SDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP-Media |
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| 167865 03.05.2012 |