Press release
MBB Industries AG: MBB Fertigungstechnik establishes subsidiary in China
- Production in China to gain additional market share- Positive business performance expected to continue
Berlin, 4 June 2013 - MBB Industries AG (ISIN DE000A0ETBQ4), a family-owned, medium-sized corporation, plans to significantly expand its subsidiary MBB Fertigungstechnik GmbH's business in China. For this purpose, the subsidiary MBB Technologies (China) Ltd. is to be established in Changzhou, a large metropolitan city in Eastern China. The company is expected to start operations already this year and will expand to around 40 employees in the coming year.
As one of the leading international mechanical engineering firms specialising in welding and assembly systems for the automotive industry, MBB Fertigungstechnik already generates around 20% of its revenues in China. Its customer base includes renowned German automotive manufacturers as well as Chinese companies. In establishing local production, MBB Fertigungstechnik wishes to better take advantage of the growth potential the region offers due to automation requirements, while also expanding its service business. The expansion in China is therefore also expected to bring additional growth for the German location, where high-end products will still be manufactured. MBB Fertigungstechnik expects further business performance to be correspondingly positive.
About MBB Industries AG:
MBB Industries AG is a family-owned, medium-sized corporation that has expanded steadily as a result of organic growth and the acquisition of other companies since it was founded in 1995. Achieving a long-term increase in the value of the individual companies and the Group as a whole lies at the heart of its business model. This business model has been highly profitable since the outset - and substantial growth and sustainable returns will remain MBB Industries AG's goal in future.
Further information on MBB Industries AG can be found on the Internet at
www.mbb.com
MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Germany
Tel. +49 30 844 15 330
Fax +49 30 844 15 333
anfrage@mbb.com
www.mbb.com
Managing Board
Dr Christof Nesemeier (Chairman), Gert-Maria Freimuth
Supervisory Board
Dr Peter Niggemann (Chairman), Dr Jan C. Heitmüller, Dr Matthias Rumpelhardt
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470
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