Ad-hoc | 29 May 2007 12:54
MTU Aero Engines Holding AG / Strategic Company Decision
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------
Munich, May 29, 2007 – MTU Aero Engines is going to build a new foreign
location named MTU Aero Engines Polska in Rzeszów, in the southeast of
Poland. This has been decided by the board of management today. The new
site is intended to develop, manufacture and repair engine components. MTU
will invest about 50 million euros in the new company within the next three
years. Starting in 2011, the cost advantages of the new facility will add
some 15 million euros annually to the group's earnings. The decision still
needs approval by the MTU supervisory board.
Construction of the new factory will begin in autumn of this year, and
production is scheduled to be launched in early 2009. Initially, the
company will have about 100 employees, their number being expected to rise
to about 400 by 2012. The addition of the Polish location is part of MTU's
comprehensive structural concept that optimizes and in part reassigns work
at the current locations, especially Munich, Hannover and Ludwigsfelde near
Berlin.
Contact for media representatives:
Eckhard Zanger
Leiter Unternehmenskommunikation und Investor Relations
Tel.: ++49 89 1489 9113
Fax: ++49 89 1489 9140
Contact for investors and analysts:
Claudia Heinle
Investor Relations
Tel.: ++49 89 1489 3911
Fax: ++49 89 1489 99354
DGAP 29.05.2007
----------------------------------------------------------------------
Language: English
Issuer: MTU Aero Engines Holding AG
Dachauer Straße 665
80995 München Deutschland
Phone: +49 (0)89 14 89-8313
Fax: +49 (0)89 14 89-95062
E-mail: Inka.Koljonen@muc.mtu.de
www: www.muc.mtu.de
ISIN: DE000A0D9PT0
WKN: A0D9PT
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------