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Schaltbau Holding AG: Ground-breaking ceremony for modern manufacturing plant in Velden

Mon, 23 Nov 2020 00:00:00


DGAP-News: Schaltbau Holding AG: Ground-breaking ceremony for modern manufacturing plant in Velden

DGAP-News: Schaltbau Holding AG / Key word(s): Miscellaneous
23.11.2020 / 11:00
The issuer is solely responsible for the content of this announcement.

Schaltbau Holding AG: Ground-breaking ceremony for modern manufacturing plant in Velden

- Schaltbau Group invests in organic growth at attractive location in Velden, Bavaria.

- Schaltbau GmbH continues to position itself as an internationally leading developer and supplier of safety-relevant components for advanced DC applications such as e-mobility and related infrastructures.

- An innovative energy concept will enable the production plant to reduce its carbon footprint to zero.

Munich/Velden, 23 November 2020 - today, managing directors Dirk Konrad and Michael Leuchte, together with head administrator of the district of Landshut, Peter Dreier, took part in the ground-breaking ceremony for the construction of a new manufacturing plant for Schaltbau GmbH in the Bavarian town of Velden an der Vils. The new plant is a key element for launching the Schaltbau Group's planned profitable growth trajectory in the fast-growing, future-oriented markets of E-mobility and New Energy as well as the DC industry, which all rely strongly on the use of direct current applications. The "NExT Factory", as the new plant is known internally, is being built in the high-technology location of Bavaria and will be one of the most advanced production sites of its kind going forward.

"The new plant represents another major step forward for the entire Schaltbau Group towards extending its leading market position in the safe switching of DC applications in the still emerging growth markets," said Dr Albrecht Köhler, CEO of Schaltbau Holding AG, describing the new project. "This investment will enable us to powerfully leverage our more than 90 years of expertise in manufacturing electromechanical components for the rail sector firmly on the road towards E-mobility and New Energy," Dr Köhler continued.

At its new plant in Velden, Schaltbau GmbH develops and manufactures electromechanical components such as contactors, connectors and switching systems for a broad range of DC applications for industry, the rail sector and new markets. Michael Leuchte, managing director for Development and Sales at Schaltbau GmbH, emphasises that a major part of the investment consists of a testing facility for extensively testing DC solutions with larger capacities, with the required electricity coming from an energy storage system integrated in the plant.

Schaltbau sees significant growth potential for business development in the medium term primarily in the swiftly expanding markets of New Energy and New Mobility. In the New Energy market segment, Schaltbau offers a broad range of solutions for renewable energy generation and decentralised energy storage applications. E-mobility and charging infrastructure are the main fields of activity in the New Mobility growth market.

Among other things, the planned facility will feature an innovative energy management system and production processes will be driven carbon emission-free, made possible by the use of photovoltaic panels (2-megawatt peak) and extensive battery and thermal storage capacities in conjunction with the operation of an in-house DC network.

Dirk Konrad, Managing Director of Schaltbau GmbH says: "Our new plant will make us practically autonomous in terms of energy supply. Our concept will enable us to run our production facilities permanently with sustainable, CO2-free energy. Modern workplace environments in compliance with Environment, Health and Safety (EHS) regulations will also attract talents going forward. At the same time, we will be relying on digitally interconnected, automated production processes and state-of-the-art logistics that enable us to respond to individual customer needs with even greater flexibility."

The new plant is scheduled for completion in autumn 2022.

 


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 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/de/

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



23.11.2020 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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