16.03.2016
Grammer AG DE0005895403
DGAP-News: Grammer taking an important step towards optimizing plant structure in Eastern Europe
DGAP-News: Grammer AG / Key word(s): Miscellaneous
Grammer taking an important step towards optimizing plant structure in
Eastern Europe
16.03.2016 / 11:00
The issuer is solely responsible for the content of this announcement.
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Grammer taking an important step towards optimizing plant structure in
Eastern Europe
Relocation of entire production activities at the Dolni Kralovice plant in
the Czech Republic to other sites now completed
Plant to be closed after almost 20 years of operation due to insufficient
scope for modifying the building
The vast majority of staff have already found new employment
Amberg / Dolni Kralovice, Czech Republic, March 16, 2016 - On February 29,
2016, Grammer completed an important project for optimizing its Eastern
European plant structures. After almost 20 years of operation, the Dolni
Kralovice plant in the Czech Republic is now being closed following the
relocation of all production lines to other sites as planned. The plant in
Dolni Kralovice had been built at the beginning of 1997 and was acquired by
Grammer in 1999. It assembled headrests, armrests and side cushions for
German premium automotive OEMs. The main reason for the decision to close
the plant was the building structure at the site. As production activities
were spread across several levels, it was no longer possible to organize
production structures in accordance with Grammer's current technical
requirements. The relocation thus formed part of the "Footprint East"
program for optimizing and expanding production capacities in Eastern
Europe in response to high growth and the increasing internationalization
of the Grammer Group. Under this important project, the plants in Zatec and
Ceska Lipa were built and expanded at the same time as the closure of the
Dolni facility.
Grammer manufactures interior components and seating systems for the
European automotive and commercial vehicle market at a total of four sites
in the Czech Republic with more than 2,000 employees.
The vast of majority of the employees in Dolni have found new jobs
elsewhere or have been transferred to other Grammer operations.
Company Profile
Grammer AG, Amberg, Germany, specializes in the development and production
of components and systems for automotive interiors as well as driver and
passenger seats for utility and offroad vehicles. In the Automotive
Division, we supply headrests, armrests and center console systems to
premium automakers and automotive system suppliers. The Seating Systems
Division comprises the truck and offroad seat segments as well as train and
bus seats.
Grammer is represented in 20 countries worldwide with a workforce of over
12,000 employees across its 30 subsidiaries.
The Grammer share is listed in the SDAX and traded on the Frankfurt and
Munich stock exchanges via the electronic trading system Xetra as well as
in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock
exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
[email protected]
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16.03.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart
End of News DGAP News Service
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