Corporate | 2 September 2010 09:01
Muehlhan AG / Alliance/Miscellaneous
02.09.2010 09:01
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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Muehlhan takes over wind turbine coating location in Scotland
* Globalization in progress
* Additional production capacities of appx. 300 to 400 towers per year
* Paint-Robots will be employed on site
Hamburg, 2 September 2010 - In early 2011, Muehlhan AG (Entry Standard;
ISIN DE000A0KD0F7), a Hamburg company, will take over another production
site for wind turbine tower coating on behalf of a long-term customer. The
location, situated in Campbeltown, Scotland, will be the first production
site in this specialty area outside of Denmark in which Muehlhan will
invest in a production site together with one of its customers.
'This successfully completes the first major step for the globalization of
this business model', said Dr. Andreas Krüger, Chairman of the Board of
Muehlhan AG. The company's Danish subsidiary, Muehlhan A/S, has been
working for Denmark's largest manufacturer in the sector for a number of
years now. Muehlhan expects that this new investment project will result in
continued and significant growth potential. At least 1,200 offshore wind
turbines are planned to be erected off the coast of Scotland over the next
10 years.
The new production site has an annual capacity of appx. 300 - 400 wind
turbine towers. In addition to many years' experience in offshore
installations, Muehlhan will also be able to take advantage of the most
recently self-developed robotics employed in automatic tower coating.
For Muehlhan, this development also represents a fundamental market
recovery in this segment. A number of wind power projects worldwide have
been delayed because of funding problems, also resulting in production
cutbacks at Muehlhan in the first six months of this year. The new rise in
demand is expected to mark the end of that fragile market situation.
About Muehlhan:
The Muehlhan Group is a global specialist in high-quality surface
protection and industrial services. Our four business segments - Ship
Newbuilding, Ship Repair, Oil & Gas Offshore and Industry Services - enable
us to provide a broad range of professional services to our maritime and
industrial markets. The excellent quality of our service, our high degree
of organization, our technical expertise and almost 130 years of experience
are what set us apart.
With our workforce of around 2,300 employees at 40 locations worldwide, we
generated sales revenues of EUR 190.8 million in 2009. In the years to
come, we will utilize our leadership position as a stable foundation for
further expanding our business.
Press contact: Ties Kaiser, Muehlhan AG; Tel: +49 40 75271 -156 10 640,
e-mail: kaiser@muehlhan.com
02.09.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Deutschland
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: investorrelations@muehlhan.com
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Freiverkehr in Hamburg, München, Berlin, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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