22.03.2016 15:10:01
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DGAP-News: UNIWHEELS AG
DGAP-News: UNIWHEELS AG / Key word(s): Expansion/Incoming Orders
UNIWHEELS AG: UNIWHEELS accelerates expansion in Stalowa Wola (news with
additional features)
22.03.2016 / 15:10
The issuer is solely responsible for the content of this announcement.
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UNIWHEELS accelerates expansion in Stalowa Wola
The 2 million wheels capacity increase will be reached one year earlier -
at the beginning of 2017
Bad Dürkheim, March 22nd, 2016
UNIWHEELS Group, one of the leading manufacturers of aluminum wheels for
cars in Europe, speeds up expansion in the new production plant in Stalowa
Wola. Originally, the full capacity increase of 2 million wheels annually
was planned for the beginning of 2018, with the first stage of the
expansion - enabling a capacity increase of 1.2 mln wheels in total per
year - to be completed in the late summer of 2016. The new plan is to reach
the full capacity increase one year earlier -at the beginning of 2017
already - with the first stage completion date unchanged.
The reason for the acceleration of capacity expansion is stronger than
expected customer demand reflected in The Group's order book. The capacity
utilization in all production plants has been complete in the last months.
According to preliminary figures, the sales performance of UNIWHEELS Group
rose by 8.2% in 2015 yoy, to over 7.8 million wheels.
UNIWHEELS CEO Dr. Thomas Buchholz says: "The diversified customer base, new model projects and general growing demand in the automotive industry have an impressive impact on our order book situation. We are running at full capacity utilization, with record levels of sales and this puts us now in the extremely fortunate position to massively accelerate this investment program. We expect the additional capacity to be utilized quickly."
The new factory in Poland will be UNIWHEELS' fourth plant - the Group currently has three production plants, two in Stalowa Wola and one in Germany. After the completion of the new plant in Stalowa Wola, the already world's largest contiguous production site for light-alloy wheels will consist of three adjacent factories, so that the total capacity of the group will reach approx. 10 million wheels annually.
About UNIWHEELS:
The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels for cars in Europe and is one of the few technology leaders worldwide in the aluminum wheel industry.
UNIWHEELS is the third largest European supplier of OEM wheels for the automotive industry as well as the market-leading manufacturer of alloy wheels for the accessories market (AM) in Europe. Well-known Group brands include ATS, RIAL, ALUTEC and ANZIO. The Group currently has three production plants, two of which are in Poland (Stalowa Wola) and one in Germany (Werdohl). In 2016, a fourth plant will go into operations in Stalowa Wola.
UNIWHEELS sees itself as one of the leading partners of the automotive industry for the optimum reduction of CO2 emissions by reducing the weight of alloy wheels. As well as weight-optimized construction methods, the following procedures are primarily used: Flow Forming, Lightforming, undercutting and forging.
Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock Exchange. The UNIWHEELS stock is floated under security identification number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.
For more information please contact:
Oliver Madsen Head of Investor Relations E-Mail: o.madsen@de.uniwheels.com UNIWHEELS AG Gustav-Kirchhoff-Str. 10 67098 Bad Dürkheim Germany
+++++ Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=MEVOSYDEDY Document title: UNIWHEELS PR Expansion Speedup
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22.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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447763 22.03.2016
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