Corporate | 20 July 2015 15:35
DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous
2015-07-20 / 15:35
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Dettingen/Erms (Germany), July 20, 2015 +++ The ElringKlinger Group, one
of the world's leading automotive suppliers, has secured a major contract
for the supply of lightweight shielding systems to a volume car maker from
Japan. The overall volume of the order stands at around USD 10 million per
annum. Series supply is to commence in 2017.
"The major serial production order placed by a Japanese customer for the
supply of lightweight shielding parts from our manufacturing plants in
Japan and the United States is a milestone in our efforts to expand our
current business relationship," said Karl Schmauder, member of the
Management Board responsible for Sales Original Equipment and New Business
Areas. "Thanks to the outstanding functionality of our shielding parts, in
combination with their low weight, we are certain to unlock further
potential in this area." ElringKlinger is a supplier to all major vehicle
and engine manufacturers around the globe.
ElringKlinger will supply lightweight shielding components for exhaust
manifolds fitted to a next-generation engine to be launched by the Japanese
car maker. These components are instrumental in ensuring that the
temperatures required in the exhaust tract are reached so that the
catalytic converter can operate effectively. At the same time, they absorb
noise and vibrations emanating from other assemblies. Recording dynamic
growth, the Shielding Technology division contributes around 26% to total
revenue generated by the ElringKlinger Group.
The company's lightweight shielding components are produced at the Japanese
site of ElringKlinger Marusan Corporation in Greater Tokyo to cover demand
in Japan, while products required in the US are made at the ElringKlinger
facility in Buford, USA.
The ElringKlinger Group currently generates more than 20% of its Original
Equipment sales in Asia. The Japanese joint venture ElringKlinger Marusan
Corporation is of particular importance to the Asian strategy adopted by
the ElringKlinger Group, especially in the rapidly expanding ASEAN region.
The 50:50 joint venture was established in 2004. Since 2013, ElringKlinger
has held full economic control on the basis of a contractual agreement.
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For further information, please contact:
ElringKlinger AG
Sabrina Haufler
Corporate Communications / Investor Relations
Max-Eyth-Straße 2
72581 Dettingen
Tel.: +49 (0)7123-724-137
Fax: +49 (0)7123-724-85 137
E-mail: sabrina.haufler@elringklinger.com
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2015-07-20 Dissemination of a Corporate News, transmitted by DGAP - a
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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: sabrina.haufler@elringklinger.com
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich
End of News DGAP News-Service
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379313 2015-07-20