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Schaltbau Holding AG: Plant expansion of the Polish RAWAG Group company secures strategic development of the Bode segment

Mon, 31 Aug 2020 00:00:00


DGAP-News: Schaltbau Holding AG: Plant expansion of the Polish RAWAG Group company secures strategic development of the Bode segment

DGAP-News: Schaltbau Holding AG / Key word(s): Miscellaneous
31.08.2020 / 10:00
The issuer is solely responsible for the content of this announcement.

Schaltbau Holding AG: Plant expansion of the Polish RAWAG Group company secures strategic development of the Bode segment

Munich, 31 August 2020 - At the end of August the foundation stone was laid for the expansion of the production plant of RFWW "Rawag" Sp. z o.o., a subsidiary of the Bode Group, at the RAWAG headquarters in Rawicz, Poland. The President of the RAWAG Board of Directors, Dr. Tomasz Cieślak, presented the 50-year history of RAWAG as well as the mid-term development plan of the company.

"With the successive implementation of this multi-stage development plan we are securing our strategic options within the Bode segment", said Volker Kregelin, who represented the Executive Board of Schaltbau Holding AG at the event. "In the period up to 2023 we are making total investments of approx. €11 million available for this purpose."

Based on the technological competence built up over the past decades in the production of modern doors, windows and various interior fittings for rolling stock, the Schaltbau Group has drawn up a three-stage development plan for the next corporate phase.

This development is embedded in the firmly established RAWAG corporate culture, which is focused on the continuous improvement of qualification and awareness of employees for quality and safety of products and production technology. This is intended to further expand the company's leading position on the European market.

In addition to the plant expansion for the currently around 570 Group employees, this also includes the expansion of the existing machinery, for example by purchasing new CNC machines, and the digitalization of production, for example by introducing digitizing and welding robots. The implementation of the Group-wide SAP system has already been largely completed and will soon be available to management for a Group-wide integrated corporate management.

About the Schaltbau Group
Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard segment of the regulated market of Deutsche Börse AG in Frankfurt am Main. With annual Group revenue in the region of EUR 500 million and around 3,000 employees, Schaltbau is an internationally leading supplier of systems and components in the field of transportation technology and the capital goods industry. With Schaltbau, Bode, Pintsch and SBRS as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific technological solutions for rolling stock, rail infrastructure, road vehicles and commercial vehicles. As one of the few specialists for smart DC energy concepts, the Schaltbau Group is also a technology partner and driver of innovation for the fast-growing markets of tomorrow such as New Mobility, New Energy and New Industry.
To find out more about the Schaltbau Group, go to: https://schaltbaugroup.com

Contact:

Dr. Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
P +49 89 93005-209
investor@schaltbau.de


31.08.2020 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.

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