07.06.2016
ElringKlinger AG DE0007856023
DGAP-News: ElringKlinger secures major serial-production contract for global lightweighting project
DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous
ElringKlinger secures major serial-production contract for global
lightweighting project
07.06.2016 / 10:00
The issuer is solely responsible for the content of this announcement.
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ElringKlinger secures major serial-production contract for global
lightweighting project
- Supply of door module carriers made of organo sheets for compact-class
vehicles of a global car manufacturer
- Contract worth more than EUR 100 million up to the year 2024
- Global production in Hungary, China, and Mexico; start scheduled for
end of 2017
Dettingen/Erms (Germany), June 7, 2016 +++ ElringKlinger has received a
high-volume serial-production order from German automotive supplier Brose.
The contract covers the supply of door module carriers made of organo
sheets, which are to be fitted to compact-class vehicles manufactured by a
global car maker. Running until the year 2024, the order is worth more than
EUR 100 million in total. Production in Europe is scheduled to commence in
Hungary at the end of 2017, which will be followed by the start of serial
production in China and Mexico in 2018. While the production sites in
Hungary and Mexico are to be expanded, a new plant is to be established in
China.
"This large-scale contract bears testimony to our research efforts with
innovative fiber-reinforced composites and illustrates our expertise in the
field of lightweight components," said Dr. Stefan Wolf, CEO of
ElringKlinger. ElringKlinger's door module carriers are another structural
component within the product portfolio for use in the vehicle body. "By
becoming increasingly independent from drive systems, we are establishing
the strongest possible foundation for the future," explained Dr. Wolf.
In securing this contract, ElringKlinger has shown its determination to
pursue a strategy aimed at contributing to the reduction of vehicle fuel
consumption and emissions through intelligent lightweight solutions. Among
other things, the innovative door module carrier helps to reduce the
overall weight of vehicle doors. Their production involves forming
extremely light and stable fiber-reinforced composites - so-called organo
sheets - and injection-molding plastic elements onto the parts for
additional component functions - in a single step. The technology applied
in this field was developed by Brose. ElringKlinger is the strategic
partner for execution at an industrial level.
For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
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 its
expertise in lightweight engineering, ElringKlinger 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 8,000 people at 45
ElringKlinger Group locations around the globe.
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07.06.2016 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; Terminbörse EUREX
End of News DGAP News Service
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469663 07.06.2016
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