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SAF-HOLLAND S.A. expands its business in Turkey

SAF-HOLLAND S.A. expands its business in Turkey

SAF-HOLLAND S.A. / Key word(s): Miscellaneous

04.07.2011 / 11:46

SAF-HOLLAND expands its business in Turkey

- Newly founded regional company to increase sales volume

- Turkey - an important location for the truck and trailer industry

Luxembourg, July 4, 2011 - SAF-HOLLAND S.A., a leading supplier for the global truck and trailer industry, has strengthened its business in Turkey through the foundation of a regional company, SAF-HOLLAND Otomotiv, based in Istanbul. Mustafa Kasimli, who previously worked for automotive supplier ZF in Turkey, is the company's General Manager.

Turkey is currently developing into one of the most important locations for the truck and trailer industry. Almost all well-known European manufacturers have already built up their production capacities there or plan to do so. 'In line with our growth strategy, we intend to always be close to our most important customers. Founding a Turkish subsidiary is therefore a logical step', said Detlef Borghardt, CEO of SAF-HOLLAND. '

With growth of just under nine percent in 2010, Turkey is one of the world's fastest growing economies. SAF-HOLLAND anticipates strong future growth in transport volumes and a corresponding increase in demand for commercial vehicles in Turkey and the entire region.

Company Profile:
With sales of approximately EUR 630 million in 2010 and over 2,800 employees, SAF-HOLLAND S.A. is one of the world's leading manufacturers and suppliers of premium product systems and components primarily for trailers as well as trucks, buses and recreational vehicles. The product range encompasses axle and suspension systems, fifth wheels, coupling devices, kingpins, and landing legs. SAF-HOLLAND customers include the majority of large truck and trailer producers all over the world. The products are sold to Original Equipment Manufacturers (OEMs) and Original Equipment Suppliers (OESs) by means of a global service and distribution network and via aftermarket channels directly to the end users and service garages. SAF-HOLLAND has therefore established itself as one of the few manufacturers in its sector that is internationally positioned with an extensive product range and a broad service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of the Frankfurt Stock Exchange since June 2007 and has been in the SDAX since December 2010.

Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
barbara.zanzinger@safholland.de

End of Corporate News


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130731  04.07.2011

Michael Schickling
Director Investor Relations / Corporate Communications
Tel. +49 (0)6095 301 617

SAF-HOLLAND SE
Hauptstraße 26
D-63856 Bessenbach
Deutschland