24.07.2018
STS Group AG DE000A1TNU68
DGAP-News: STS Group AG: Successful entry into the North American commercial vehicle market
DGAP-News: STS Group AG / Key word(s): Incoming Orders
STS Group AG: Successful entry into the North American commercial vehicle
market
24.07.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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STS Group AG: Successful entry into the North American commercial vehicle
market
Hallbergmoos/Munich, 24 July 2018 - STS Group AG (ISIN: DE000A1TNU68) has
reached an important milestone on its strategic growth path: For the first
time, the system supplier for the commercial vehicle industry listed in the
Prime Standard segment of the Frankfurt Stock Exchange has won one of the
major commercial vehicle manufacturers based in North America as a customer.
From the second half of 2021, STS Group will supply driver cabin parts for
heavy trucks to the customer. The contract has a term of 10 years.
The entry into the North American commercial vehicle market, which includes
the USA, Canada and Mexico, is one of the corporate goals of the STS Group
announced at the IPO: "This agreement with one of the important US brand
manufacturers for heavy trucks has great strategic significance for us. This
new order is an immense step forward in achieving our growth targets,"
comments Andreas Becker, CEO of STS Group.
The STS Group has its own production facility in Ramos, Mexico, which
supplies the local automotive industry. Now, for the first time, exterior
trim and aerodynamic parts are being produced there for one of the major
American commercial vehicle manufacturers. The material used here is SMC
(Sheet Moulded Compound), which is processed in the thermocompression
process and is easy to form and combines high stability with low weight. The
STS Group has many years of expertise in the manufacture of exterior trim
components and systems for heavy commercial vehicles.
About the STS Group:
STS Group AG, www.sts.group ((ISIN: DE000A1TNU68), is a leading global
commercial vehicle system supplier to the automotive industry for soft and
hard trim. The Group, which has a history of tradition and expertise dating
back to 1934, employs more than 2,500 people worldwide and generated pro
forma revenue of more than EUR 425 million in 2017. At its 16 plants in
total in France, Italy, Germany, Poland, Mexico, Brazil and China, the STS
Group produces plastic and acoustic components, such as solid and flexible
vehicle trim, noise and vibration-damping materials and entire interior and
exterior trim systems. STS is considered a technology leader in the
manufacture of plastic injection molding, specialty acoustic products and
components of sheet molding compounds (SMC). STS has a strong footprint with
plants in China, Europe, Mexico and Brazil. The customer portfolio comprises
leading international commercial vehicle and automotive manufacturers.
STS Group AG
Zeppelinstrasse 4
85399 Hallbergmoos, Germany
www.sts.group
Investor Relations
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0)89 89827227
E-mail: [email protected]
Contact Financial Press
Newskontor - Agency for communication
Marco Cabras
Tel.: +49 (0)172 2142968
E-mail: [email protected]
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24.07.2018 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: STS Group AG
Zeppelinstraße 4
85399 Hallbergmoos
Germany
Phone: +49 (0)811 124494 0
E-mail: [email protected]
Internet: https://sts.group
ISIN: DE000A1TNU68
WKN: A1TNU6
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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706217 24.07.2018
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