30.11.2016
ElringKlinger AG DE0007856023
DGAP-News: ElringKlinger receives a major lightweight contract from US market
DGAP-News: ElringKlinger AG / Key word(s): Incoming Orders
ElringKlinger receives a major lightweight contract from US market
30.11.2016 / 14:11
The issuer is solely responsible for the content of this announcement.
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ElringKlinger receives a major lightweight contract from US market
- Supply of cockpit cross-car beams for next generation of vehicles
- Order represents triple-digit million euro volume over five years
- Establishment of new production site in close proximity to customer -
Start of production planned for 2017
Dettingen/Erms (Germany), November 30, 2016 +++ ElringKlinger AG has
received an order from an US car maker for the supply of cockpit cross-car
beams. The lightweight structural components made of metal and polymer will
be fitted to the next generation of vehicles. The contract covers a triple-
digit million euro volume over five years. Production is scheduled to
commence in 2017. A new production plant in close proximity to the
customer's site will be established for the purpose of fulfilling the order
and supporting optimized supply chain aspects.
"The second large-scale order for our cockpit cross-car beams serves as
confirmation of the decisive route chosen by ElringKlinger in the high-tech
market for lightweight vehicle body and chassis components," says Dr.
Stefan Wolf, Chief Executive Officer of ElringKlinger AG. He also points to
the fact that they are independent from the type of drive system in use:
"Our lightweighting solutions help to meet ever-stricter CO2 standards for
vehicles with conventional combustion engines but are also instrumental in
extending the range of hybrid and pure electric vehicles."
Cockpit cross-car beams produced by ElringKlinger can help to achieve
significant weight reductions compared to conventional steel carrier
designs. The production process includes an innovative method of
hydroforming and plastic injection-molding combined into a single-step
process. The resulting structural parts made of polymer and metal combine
the benefits of both materials: design freedom, tremendous integration
opportunities of complex geometries, excellent precision in terms of shape
and dimensions with minimal tolerances as well as outstanding structural
resistance in the event of an accident.
ElringKlinger has been working on substituting metal by plastics over a
period spanning more than 15 years and has accumulated considerable know-
how in this field with regard to materials and production methods. As a
series supplier to a German premium car maker, the Group has already been
manufacturing structural parts made of polymer-metal hybrids at its sites
in Leamington (Canada) and Suzhou (China) since 2015. The latest order
confirms and encourages the strategy of ElringKlinger into lightweight body
and chassis components.
For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-Mail: [email protected]
About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green
technologies. These are designed not only to reduce CO2 emissions but also
to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot
particles. ElringKlinger is one of the few automotive suppliers worldwide
with the capabilities of developing and producing high-tech components for
all types of drive system - whether for downsized combustion engines or for
electric vehicles driven by batteries or fuel cells. Drawing on our
expertise in lightweight engineering, we can make a decisive contribution
to efforts aimed at further reducing vehicle weight and thus fuel
consumption. The company's portfolio centered around emissions reduction
also includes particulate filters and end-to-end exhaust gas purification
systems used in ships, commercial vehicles, construction machinery, and
stationary engines as well as in power stations. This is complemented by
products made of the high-performance plastic PTFE supplied by
ElringKlinger Kunststofftechnik, which are marketed to a wide range of
industries - also to those operating beyond the vehicle manufacturing
sector. Applying its abilities as an innovator, ElringKlinger is committed
to sustainable mobility and earnings-driven growth. These efforts are
supported by a dedicated workforce of more than 8,400 people at 46
ElringKlinger Group locations around the globe.
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30.11.2016 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.
Archive at www.dgap.de
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Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Tradegate Exchange
End of News DGAP News Service
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