Corporate | 28 February 2011 08:56
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Homag Group AG / Key word(s): Miscellaneous
Russian furniture manufacturer relies on market leader's production line expertise Schopfloch, February 28, 2011. HOMAG Group AG has been contracted to set up a complete factory in Russia – the perfect opportunity for the global market leader to demonstrate that it is a competent and reliable partner in the field of furniture production lines. The complex production plant for high-end home and office furniture is scheduled to go on line before the end of 2011. The complete order for the advanced furniture production plant under HOMAG Group AG's project management is valued at about EUR 58 million – the HOMAG Group's share comes to about EUR 8 million. The client, the Russian company Mekran, is one of the country's leading furniture manufacturers. With the new production line, which is based on the lean production principle, Mekran is arguably setting up the most modern furniture manufacturing facilities in Russia with the support of the specialists from HOMAG Group Engineering. The comprehensive large-scale project, which covers the value chain end to end, from the tree trunk to the finished piece of furniture, will be realized in a manufacturing hall with 30,000m² of floor space in Krasnojarsk, Siberia. The high-tech factory will have production-to-order capability and is designed to flexibly manufacture in two-shift operation up to 1 million assembly elements per year. 'The fact that the HOMAG Group was entrusted with the management of this major project, is again testament to our outstanding system and engineering expertise,' Homag's management board member in charge of sales Jürgen Köppel points out. 'Our engineering experts combine the products of the HOMAG Group and of partner firms into an optimum production line that meets our client's specific requirements and needs.' – – – – – – – – – – Background information With its 16 specialized production companies worldwide, 21 group-owned sales and service companies and approximately 60 exclusive sales partners, HOMAG Group AG's market position is excellent and its portfolio as a comprehensive system supplier and technology partner makes it unique. Backed by a workforce of some 5,000 employees, the company sees itself as the leading global manufacturer for plants and machinery for the woodworking and wood materials industry for the production of furniture and construction elements as well as timber frame houses. The group also offers its customers a wide range of services in related areas for production machines and equipment. HOMAG Group AG shares have been trading on the Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were listed on the SDAX of the German Stock Exchange on October 2007. Information:
HOMAG Group AG
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| Language: | English | |
| Company: | Homag Group AG | |
| Homagstr. 3-5 | ||
| 72296 Schopfloch | ||
| Deutschland | ||
| Phone: | +49 (0)7443 / 13 – 0 | |
| Fax: | +49 (0)7443 / 13 – 2300 | |
| E-mail: | info@homag-group.de | |
| Internet: | www.homag-group.de | |
| ISIN: | DE0005297204 | |
| WKN: | 529720 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
| End of News | DGAP News-Service |
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