09/07/2021 | Press release | Distributed by Public on 09/07/2021 02:26
SAF-HOLLAND: new plant in Russia - investment in profitable growth
Bessenbach, September 7, 2021. SAF-HOLLAND SE ('SAF-HOLLAND'), one of the world's leading suppliers of trailer and truck components, will expand its global production network in a targeted manner by adding a new production location in Russia. From the year 2022, the location in the north of Moscow is scheduled to produce axles of the SAF INTRA series each year, which are equipped with disc or drum brakes.
'Russia is already one of our most important regional markets worldwide and displays excellent growth perspectives, even over the long term', says Alexander Geis, Chairman of the Management Board of SAF-HOLLAND SE and adds, 'With this new production site, we are investing in profitable growth in line with our Strategy 2025.'
Christoph Günter, President EMEA and member of the Executive Committee of SAF-HOLLAND SE says: 'With this new plant we will further expand our close customer relationships and serve our customers even better in terms of supply performance, naturally at the customary SAF-HOLLAND quality level. In addition, with this new plant we will meet the regulations aimed at promoting domestic production which come into force in 2022. These require an initial quota of 30 per cent of upstream Russian content to be used in production, rising to 80 per cent by January 2026.'
The plant will provide space of 4,000 m2 and has excellent transport connections. The new plant will create around 60 new jobs of which roughly 50 will be in production.
SAF-HOLLAND SE, located in Bessenbach, is one of the leading international manufacturers of chassis-related assemblies and components, primarily for trailers and trucks. In addition to axle and suspension systems, the product range includes fifth wheels, coupling systems, kingpins and landing gear, which are sold under the SAF, Holland, Neway, KLL, V.Orlandi and York brands. SAF-HOLLAND supplies original equipment manufacturers (OEM) on six continents. In the Aftermarket business, the Company supplies replacement parts to manufacturers' service networks (OES), wholesalers, and, with the help of distribution centers, to end customers and service centers via an extensive global sales network. With the innovation offensive 'SMART STEEL - ENGINEER BUILD CONNECT', SAF-HOLLAND combines mechanics with sensors and electronics and is driving forward the digital networking of commercial vehicles and logistics chains. Around 3,600 committed employees worldwide are already working on the future of the transport industry today. Further information is available at: https://corporate.safholland.com/en
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This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND SE. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND SE does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.