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GRAMMER AG (FRA:GMM) GRA-MAG reaches 1,000,000th seat milestone in the US

Directive transparence : information réglementée

16/10/2015 11:04
DGAP-News: Grammer AG / Key word(s): Miscellaneous GRA-MAG reaches 1,000,000th seat milestone in the US 16.10.2015 / 11:04 --------------------------------------------------------------------- GRA-MAG reaches 1,000,000th seat milestone in the US TROY, Michigan, October 16, 2015 - GRA-MAG, a joint venture between Grammer AG and Magna International, has something to celebrate. Its facility in London, Ohio, has reached a significant milestone by producing its 1,000,000th seat for the medium- and heavy-duty US-truck market. GRA-MAG was formed in 1998 in the USA with a focus on producing medium- and heavy-duty truck seat systems to reduce driver fatigue. The first seats were manufactured on October 18, 2000, and provided superior levels of comfort, performance and safety. Today GRA-MAG continues to offer best-in-class comfort, ease of use and overall performance for air-ride suspension and stationary truck seats. "This milestone could not have been achieved without the hard work of our employees and the ongoing support of our community, our customers Kenworth and Peterbilt, and the Madison County Chamber of Commerce," said David Higgs, President of GRA-MAG. "As we look ahead, we see opportunities to continue adding value for our customers by providing seat systems that deliver the ultimate performance in comfort and control. At the same time we will remain true to our original mission of reducing driver fatigue through comfort, performance and safety." About Grammer AG GRAMMER AG, Amberg, Germany, specializes in the development and production of components and systems for automotive interiors as well as driver and passenger seats for utility and offroad vehicles. In the Automotive Division, the company supplies headrests, armrests and center console systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises the truck and offroad seat segments as well as train and bus seats. Grammer is represented in 20 countries worldwide with a workforce of over 10,700 employees across its 30 subsidiaries. Grammer share are listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra as well as in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock exchanges. About Magna International We are a leading global automotive supplier with 287 manufacturing operations and 81 product development, engineering and sales centres in 29 countries. We have approximately 124,000 employees focused on delivering superior value to our customers through innovative products, processes and World Class Manufacturing. Our product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com. Contact: GRAMMER AG Ralf Hoppe Phone: 0049 9621 66 2200 investor-relations@grammer.com --------------------------------------------------------------------- 16.10.2015 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 --------------------------------------------------------------------- Language: English Company: Grammer AG Postfach 14 54 92204 Amberg Germany Phone: +49 (0)9621 66-0 Fax: +49 (0)9621 66-1000 E-mail: investor-relations@grammer.com Internet: www.grammer.com ISIN: DE0005895403, DE0005895403 WKN: 589540, 589540 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 403131 16.10.2015