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

2016-02-11 / 13:49
The issuer is solely responsible for the content of this announcement.

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Luxembourg, February 11, 2016 - SAF-HOLLAND won another large order from a
prominent international truck manufacturer for the development and
production of truck suspension systems in China.

This order and an earlier one from the same manufacturer received in
December 2015 will make a combined annual contribution of up to EUR 23
million to Group sales after ramp up. The contract period is expected to
span over 10 years and render sustainable contributions to Group sales.
Production at the SAF-HOLLAND subsidiary Corpco, China is set to begin in
2018.

"The fact that we have won another large reference contract for truck
suspension systems within a couple of months shows that our Corpco
subsidiary is on its way to making a name for itself in the market for
truck suspension solutions after already establishing itself as a supplier
for bus air suspension systems. We also benefit from the growing
technological demand placed on these products and the discernible trend
towards transportation solutions that provide greater comfort and are
helping to prevent the road network from being damaged. Carried by our new
projects and market share gains, we are well on track to gradually turn our
sales targets for China under our Growth Strategy 2020 into a reality",
said CEO Detlef Borghardt.

SAF-HOLLAND has so far generated just a single-digit percentage share of
Group sales in China. The Group in that region focuses on manufacturing bus
air suspension systems at its subsidiary Corpco in Beijing as well as
trailer axle systems at its site in Xiamen.

SAF-HOLLAND considers itself well positioned in China in the growing and
technologically more advanced segment of electric buses. The Company sees
significant opportunity for its suspension systems, which specifically
cater to the space and clearance requirements of the sizable battery packs.
At the same time, the Chinese subsidiary is also expanding its product
range by adding efficient, lightweight suspension system designs for
mid-sized to heavy trucks. There should be some interesting opportunities
emerging with the anticipated amendment to China's regulations for
heavy-duty vehicles (GB 1589), including standardization and efficiency
requirements as well as the reduction of the maximum gross vehicle train
weight, which should drive demand for new vehicles and lightweight
solutions in particular.




Company profile:
SAF-HOLLAND S.A., located in Luxembourg, is the largest listed supplier to
the commercial vehicle market in Europe. With sales of approximately EUR
960 million in 2014 and more than 3,000 employees, the company is one of
the world's leading manufacturers and suppliers of chassis-related systems
and components primarily for trailers, trucks, buses, and recreational
vehicles. The product range comprises axle and suspension systems, fifth
wheels, kingpins, and landing gear and is marketed under the brands SAF,
HOLLAND, and Neway. SAF-HOLLAND sells its products to Original Equipment
Manufacturers (OEMs) on six continents. The Aftermarket Business Unit sells
spare parts to the Original Equipment Service (OES) of the manufacturers
and to end customers and service centers through its own extensive global
service and distribution network. SAF-HOLLAND is one of the few suppliers
in the truck and trailer industry that is internationally positioned in
almost all markets worldwide.


Contact:
SAF-HOLLAND GmbH
Stephan Haas
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
Stephan.Haas@safholland.de


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2016-02-11 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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   Language:    English                                                    
   Company:     SAF-HOLLAND S.A.                                           
                68-70, boulevard de la Pétrusse                            
                L-2320 Luxembourg                                          
                Grand Duchy of Luxembourg                                  
   Phone:       +49 6095 301 - 0                                           
   Fax:         +49 6095 301 - 260                                         
   E-mail:      info@safholland.de                                         
   Internet:    www.safholland.com                                         
   ISIN:        LU0307018795, DE000A1HA979,                                
   WKN:         A0MU70, A1HA97                                             
   Indices:     SDAX                                                       
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated  
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
                Stuttgart                                                  
 
   
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