Müller Weingarten AG
Müller Weingarten AG: Müller Weingarten decides future strategy
Müller Weingarten AG / Restructure of Company/Letter of Intent Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- - New international production concept - 189 redundancies - Letter of intent: Investor preparing for investment in Müller Weingarten Weingarten, 15th January 2006. The Board of Management and Supervisory Board of Müller Weingarten AG have today taken extensive measures to guarantee the future of the company. As part of the 'MW Transformation Program', the company is planning to invest in technologies and products, as well as, above all, to improve its cost structures significantly. An important foundation stone in this will be the introduction of a new internationally oriented production concept. This is intended to take account of the specific requirements of the growth markets in Asia and Eastern Europe in particular. This production concept will link the German production sites in Weingarten and Erfurt with the location in Dalian/China that is currently being set up and BCN/USA, in order to improve the company's presence in growth markets as well as to achieve significant cost and productivity advantages. Consequently, the German production locations in Weingarten and Erfurt will be assigned new tasks. The Weingarten site will remain the headquarters of the company and will be developed into an engineering center for the Mechanical Presses, Forging, Diemaking and Service business units. Erfurt, on the other hand, will be expanded into the central production location. This transformation will result in the loss of 189 jobs in Germany. By taking these measures, Müller Weingarten is planning to return to profit in 2008 and to achieve an operating profit (EBIT) in excess of 20 million € from 2009 onwards. At the same time, the company is announcing that Hammer GmbH & Co. KG, a group of investors advised by Atlantic European Partners, has today signed a letter of intent with the vendor to purchase 10% of shares in Müller Weingarten AG as a first step. Currently, this shareholding is owned by Metzler Beteiligungsgesellschaft mbH, Frankfurt. The signing of the transaction is expected by the end of January. Contact: Detlef Sieverdingbeck Director Corporate Communication Müller Weingarten AG Schussenstraße 11 88250 Weingarten Tel: +49 751 401-2183 Fax: +49 751 401-2714 E-mail: detlef.sieverdingbeck@mwag.de DGAP 15.01.2007 ---------------------------------------------------------------------- Language: English Issuer: Müller Weingarten AG Schussenstr. 11 88250 Weingarten Deutschland Phone: 0751-401-2900 Fax: 0751-401-2644 E-mail: martina.herder@mwag.de WWW: www.mwag.de ISIN: DE0006579006, DE0006579022 WKN: 657900, 657902 Indices: Listed: Amtlicher Markt in München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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