Corporate | 30 January 2014 07:14

Grammer AG Establishes New US Production Site

Grammer AG / Key word(s): Miscellaneous

30.01.2014 / 07:14

Grammer AG Establishes New US Production Site

New U.S. headquarters in Lee County, Mississippi
Important milestone in Grammer’s global growth strategy

Lee County, MI, USA / Amberg, Germany, January 30, 2014 – Grammer AG, leading specialist in seating systems and components for car interiors is establishing a new manufacturing facility in the U.S. state of Mississippi. The new plant will also serve as Grammer’s new headquarters in the United States. Plant opening and start of production is scheduled for the end of 2014.

By establishing the new site, Grammer AG will further increase its local presence in North America. With this new location Grammer can also optimize its internal value chain in the NAFTA region and can guarantee its customers a maximum of logistical flexibility. Together with its two large manufacturing facilities in Mexico, the automotive sales and engineering center in Troy, Michigan, the seating location in the north of the Unites States, the new location in Mississippi will excellently position Grammer in North America and support the company’s successful growth strategy in that market.

‘The North American car and commercial vehicle markets are extremely important factors in the Grammer Group’s growth strategy. Already today we are generating more than 15 percent of our global sales in the NAFTA region and we are planning to double our sales volume over the next five years. Therefore this new location is an important milestone in our global growth strategy and will support to achieve our ambitious growth targets in North America’, said Hartmut Müller, CEO of Grammer AG

Company Profile
GRAMMER AG, headquartered in Amberg, Germany, is specialized in developing and manufacturing components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles (tractors, construction machines, and forklifts), trucks, buses and coaches, and trains. Our Seating Systems division supplies truck and offroad seats as well as train and bus seating. Our Automotive division provides headrests, armrests, and center console systems to major carmakers and automotive system suppliers.

GRAMMER is active worldwide in 18 countries with 27 fully consolidated subsidiaries and a workforce of more than 9,000 employees.

GRAMMER is a component of the German SDAX stock index, and its shares are traded on the Munich and Frankfurt stock exchanges, via the Xetra electronic trading system, and in the OTC markets of the Stuttgart, Berlin, and Hamburg stock exchanges.

Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com

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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:	investor-relations@grammer.com
Internet:	www.grammer.com
ISIN:	DE0005895403, DE0005895403
WKN:	589540, 589540
Indices:	SDAX
Listed:	Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

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