Ad hoc: Wacker Construction Equipment AG: Strategic Business Decision - Expansion of Prod
(Munich, July 19, 2007) The members of the Executive Board and the Supervisory Board of Wacker Construction Equipment AG have today approved the construction of a new manufacturing facility for Ground Heaters, Inc. acquired in 2006. The construction of the new facilities in Korbach and Manila is already in progress. The facility should be completed in the second half of 2008. The capital expenditure will amount to approximately $ 10 million. If required, it will be possible to gradually expand the facility.
The new manufacturing facility in Norton Shores, Michigan (U.S.A.) will allow for an increased production capacity for mobile hydronic heating equipment. Furthermore it is planned to manufacture mobile light towers for the utility business field at this new location and to make the production processes more efficient.
Additional information about the Wacker Construction Equipment AG shares: ISIN: DE000WACK012 Securities Identification number: WACK01 Listing requested: Official Market / Prime Standard; Frankfurt Stock Exchange Registered office of the company: Germany
Contact: Wacker Construction Equipment AG Imre Szerdahelyi Head of Corporate Communication Preußenstr. 41 80809 Munich, Germany Tel. + 49 - 89 - 354 02 - 251 E-mail: email@example.com Internet: www.wackergroup.com
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Wacker Construction Equipment AG Preußenstr. 41 München Deutschland
WKN: WACK01; ISIN: DE000WACK012; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse;