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Wacker Neuson SE: Wacker Neuson plans to open new factory in China

DGAP-News: Wacker Neuson SE / Key word(s): Real Estate/Strategic Company
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Wacker Neuson SE: Wacker Neuson plans to open new factory in China

22.06.2016 / 10:59
The issuer is solely responsible for the content of this announcement.

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Wacker Neuson plans to open new factory in China

(Munich, 22 June 2016) The Wacker Neuson Group is planning to open a new
plant near Shanghai in China. Initially compact excavators will be produced
for the local market, further products will follow. It is planned that the
first compact excavator should roll off the production line at the
beginning of 2018.

Wacker Neuson further extends its production capabilities in Asia and
strengthens its local presence in China with the construction of a new
production plant in Pinghu about 30 km from Shanghai. Cem Peksaglam, the
chief executive officer of Wacker Neuson SE signed the corresponding
contracts on site last Friday.

The decision arose from an extensive search for a location. "We have
finally decided for the Pinghu location in Zhejiang Province, which best
fulfills our requirements and the support of the local authorities is
outstanding", according to Cem Peksaglam. "We are continuing our strategy
of internationalization with this step. In the largest construction machine
market in the world we underline our commitment towards our Chinese
customers and trading partners", Peksaglam further stated. The
strategically favorable position between the cities of Shanghai and
Hangzhou as well as a good infrastructure are key advantages of the new
location. Manufacturing facilities, research and development, quality
management, logistics, service and training will be located on
approximately 135,000 m² of ground with approximately 30,000 m² of building
space. Construction is planned to start in the fall of 2016, with
completion slated by the end of 2017. Initially the Chinese and later the
Asian markets will be served with products tailored to the local
requirements.

The Wacker Neuson Group has sold construction equipment in China for over
20 years. The product portfolio for the Chinese market was extended in 2015
to include compact equipment. An increasing need for improved
infrastructure, the extension and modernization of the road and rail
network while trending towards more efficient and environmentally friendly
compact construction equipment offers attractive growth opportunities for
the Wacker Neuson Group. A stronger presence in the country, including R&D
and production will lay the groundwork to be part of the future growth and
improvements in the Asia-Pacific region.



Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Corporate Communication Manager/
Investor Relations
Preußenstraße 41
80809 München
Tel. +49 - (0)89-35402-173
[e-mail]
www.wackerneusongroup.com

The Wacker Neuson Group is an internationally operating group of companies
with over 50 affiliates and 140 sales and service stations. As a leading
manufacturer of construction equipment and compact machines, the group
offers its customers world-wide a broad range of products, extensive
services and an efficient spare parts supply. The Wacker Neuson Group
includes the product brands Wacker Neuson, Kramer, and Weidemann. The offer
of services is aimed primarily at customers from the main construction
industry, gardening and landscaping, agriculture, municipalities, the
recycling and energy industries as well as at railway companies and
industrial companies. In 2015, the group achieved revenue of EUR 1.38
billion and employed over 4,600 people world-wide.


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22.06.2016 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: Wacker Neuson SE
Preußenstr. 41
80809 München
Germany
Phone: +49 - (0)89 - 354 02 - 0
Fax: +49 - (0)89 - 354 02 - 390
E-mail: [e-mail]
Internet: www.wackerneusongroup.com
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart


End of News DGAP News Service
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473421 22.06.2016