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DGAP-News: ElringKlinger receives a major lightweight contract from US market (english)




30.11.16 14:27
dpa-AFX


ElringKlinger receives a major lightweight contract from US market


DGAP-News: ElringKlinger AG / Key word(s): Incoming Orders ElringKlinger receives a major lightweight contract from US market


30.11.2016 / 14:11 The issuer is solely responsible for the content of this announcement.


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ElringKlinger receives a major lightweight contract from US market


- Supply of cockpit cross-car beams for next generation of vehicles


- Order represents triple-digit million euro volume over five years


- Establishment of new production site in close proximity to customer - Start of production planned for 2017


Dettingen/Erms (Germany), November 30, 2016 +++ ElringKlinger AG has received an order from an US car maker for the supply of cockpit cross-car beams. The lightweight structural components made of metal and polymer will be fitted to the next generation of vehicles. The contract covers a triple- digit million euro volume over five years. Production is scheduled to commence in 2017. A new production plant in close proximity to the customer's site will be established for the purpose of fulfilling the order and supporting optimized supply chain aspects.


"The second large-scale order for our cockpit cross-car beams serves as confirmation of the decisive route chosen by ElringKlinger in the high-tech market for lightweight vehicle body and chassis components," says Dr. Stefan Wolf, Chief Executive Officer of ElringKlinger AG. He also points to the fact that they are independent from the type of drive system in use: "Our lightweighting solutions help to meet ever-stricter CO2 standards for vehicles with conventional combustion engines but are also instrumental in extending the range of hybrid and pure electric vehicles."


Cockpit cross-car beams produced by ElringKlinger can help to achieve significant weight reductions compared to conventional steel carrier designs. The production process includes an innovative method of hydroforming and plastic injection-molding combined into a single-step process. The resulting structural parts made of polymer and metal combine the benefits of both materials: design freedom, tremendous integration opportunities of complex geometries, excellent precision in terms of shape and dimensions with minimal tolerances as well as outstanding structural resistance in the event of an accident.


ElringKlinger has been working on substituting metal by plastics over a period spanning more than 15 years and has accumulated considerable know- how in this field with regard to materials and production methods. As a series supplier to a German premium car maker, the Group has already been manufacturing structural parts made of polymer-metal hybrids at its sites in Leamington (Canada) and Suzhou (China) since 2015. The latest order confirms and encourages the strategy of ElringKlinger into lightweight body and chassis components.



For further information, please contact: ElringKlinger AG Dr. Jens Winter Investor Relations / Corporate PR Max-Eyth-Straße 2 D-72581 Dettingen/Erms Phone: +49 7123 724-88335 Fax: +49 7123 724-85 8335 E-Mail: jens.winter@elringklinger.com



About ElringKlinger AG ElringKlinger has focused its efforts on developing forward-looking green technologies. These are designed not only to reduce CO2 emissions but also to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot particles. ElringKlinger is one of the few automotive suppliers worldwide with the capabilities of developing and producing high-tech components for all types of drive system - whether for downsized combustion engines or for electric vehicles driven by batteries or fuel cells. Drawing on our expertise in lightweight engineering, we can make a decisive contribution to efforts aimed at further reducing vehicle weight and thus fuel consumption. The company's portfolio centered around emissions reduction also includes particulate filters and end-to-end exhaust gas purification systems used in ships, commercial vehicles, construction machinery, and stationary engines as well as in power stations. This is complemented by products made of the high-performance plastic PTFE supplied by ElringKlinger Kunststofftechnik, which are marketed to a wide range of industries - also to those operating beyond the vehicle manufacturing sector. Applying its abilities as an innovator, ElringKlinger is committed to sustainable mobility and earnings-driven growth. These efforts are supported by a dedicated workforce of more than 8,400 people at 46 ElringKlinger Group locations around the globe.



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30.11.2016 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. Archive at www.dgap.de


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Language: English Company: ElringKlinger AG Max-Eyth-Straße 2 72581 Dettingen/Erms Germany Phone: 071 23 / 724-0 Fax: 071 23 / 724-9006 E-mail: jens.winter@elringklinger.com Internet: www.elringklinger.de ISIN: DE0007856023 WKN: 785602 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange



End of News DGAP News Service ---------------------------------------------------------------------------


525537 30.11.2016



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