thyssenkrupp Press releases

Trade press release, Jul 12, 2017


New die making order: thyssenkrupp to supply production equipment to
Chinese automaker

thyssenkrupp System Engineering has received an order from the Chinese
automotive manufacturer SGMW for the manufacture and delivery of body
stamping dies for a new vehicle generation. The contract value is in the
double-digit million euro range. Under the contract thyssenkrupp will plan,
design and manufacture tools for the production of exterior body parts,
including fenders, doors and side panels, for the new SUV "CN300M".
Additionally, the two companies have concluded a joint agreement to explore
further, longterm cooperation in the field of automotive manufacturing
technology.

SGMW, a joint venture between GM China, SAIC and Wuling Motors, is one of
the largest automotive manufacturers in China with an annual production
capacity of more than two million vehicles. From 2019 the company plans to
produce around 150,000 of the new SUV models per year. In addition, SGMW is
already a major manufacturer of electric vehicles with planned production
capacities of up to 800 cars per day.

Ingo Steinkrger, CEO of thyssenkrupp System Engineering: "Manufacturing
demanding dies is one of our core competencies which we are continuously
expanding. This creates the basis for extremely high production quality. In
addition to major international automotive manufacturers, we are also
supplying more and more Chinese producers with our manufacturing solutions.
With our location in Shanghai, we will continue to expand our relationships
with customers based in China."

At the end of 2015, the automotive supplier opened a new site in Shanghai
to strengthen its Chinese business and expand its local product portfolio.
It has more than 250 employees producing body making solutions as well as
assembly and test systems for the local automotive industry. thyssenkrupp
has been supplying the Asian market with automotive production plants from
China for more than ten years.

"About thyssenkrupp System Engineering:
thyssenkrupp System Engineering is an international systems partner for
all key elements of the car body and powertrain process chains in the
automotive industry. Its capabilities also include automation solutions for
electric storage and drive systems, solutions for innovative lightweight
designs as well as lines and test systems for the aircraft industry. The
company is a strong and reliable partner that supports its customers in
optimizing their value chains and efficiency.

About thyssenkrupp Industrial Solutions:
The Industrial Solutions business area at thyssenkrupp is a leading
partner for the engineering, construction and service of industrial plants
and systems. Based on more than 200 years of experience we supply tailored,
turnkey plants and components for customers in the chemical, fertilizer,
cement, mining and steel industries. As a system partner to the automotive,
aerospace and naval sectors we develop highly specialized solutions to meet
the individual requirements of our customers. More than 21,000 employees at
over 70 locations form a global network with a technology portfolio that
guarantees maximum productivity and cost-efficiency.''

Contact:

thyssenkrupp Industrial Solutions
Tino Fritsch
Head of Communications
Phone: +49 201 844 532549

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