11.04.2017
HELLA KGaA Hueck & Co. DE000A13SX22
DGAP-News: HELLA builds new electronics plant in Lithuania
DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): Expansion
HELLA builds new electronics plant in Lithuania
11.04.2017 / 09:00
The issuer is solely responsible for the content of this announcement.
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HELLA builds new electronics plant in Lithuania
Automotive supplier expands production capacities in Europe due to
increasing demand for electronic components
Lippstadt, April 11, 2017. HELLA KGaA Hueck & Co., one of the globally
leading automotive suppliers for lighting and electronics, plans to open a
new plant for electronics components in Lithuania. The decision in favor of
the Lithuanian region Kaunas is currently in its final stages. The opening
of the new electronics plant is anticipated for mid-2018. The investment
volume for the first phase accounts for approximately up to 30 million
Euros.
"Electronics is a fundamental cornerstone of our strategy", says Dr Rolf
Breidenbach, CEO of HELLA. "Especially in the light of the major industry
trends of autonomous driving, electrification and digitalization, we're
anticipating increasing demand for our innovative electronics components.
Therefore, the new production site in Lithuania is an important building
block to continue the successful development of our electronics business."
The Kaunas region in Lithuania is a traditional industrial region and boasts
good infrastructure and a business-friendly environment with a highly
qualified workforce. With a production surface of initially 7000 square
meters, the new HELLA location in Lithuania will mainly produce sensors,
actuators and control modules for the automotive industry. The number of
employees will be approximately up to 250 in the first step.
Please note:
This text and corresponding photo material can also be found in our press
database at
www.hella.com/press
HELLA KGaA Hueck & Co., Lippstadt: HELLA is a family-owned, listed company
operating on the international stage and currently employing approximately
35,000 members of staff at 125 locations in about 35 countries around the
world. The HELLA Group develops and manufactures lighting and electronic
products for the automotive industry and also has one of the largest retail
organizations for automotive parts, accessories, diagnostics, and services
within Europe. Joint venture companies furthermore create entire vehicle
modules, A/C and vehicle wiring systems. With more than 6,000 people working
in research and development, HELLA is one of the most important innovation
drivers on the market. Furthermore, with sales of 6.4 billion euros in the
fiscal year of 2015/2016, the HELLA Group is one of the top 40 automotive
parts suppliers in the world and one of the 100 largest German industrial
companies.
For additional information please contact:
Dr. Markus Richter
Company spokesman
HELLA KGaA Hueck & Co.
Rixbecker Strasse 75
59552 Lippstadt
Germany
Phone: +49 2941 38-7545
Fax: +49 2941 38-477545
[email protected]
www.hella.com
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11.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: HELLA KGaA Hueck & Co.
Rixbecker Str. 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7125
Fax: +49 (0)2941 38-6647
E-mail: [email protected]
Internet: www.hella.de/ir
ISIN: DE000A13SX22
WKN: A13SX2
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich,
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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563957 11.04.2017
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