Edscha Builds New Plant In Russia

~ 150 persons to be employed in Togliatti in the medium term

~ Production of hinge systems to start in 2014

The international automotive supplier Edscha today laid the foundation stone for its new plant in Russia. At a formal ceremony Edscha CEO Torsten Greiner gave the go-ahead for the company's first Russian plant.

Starting in autumn 2014, Edscha will manufacture door hinges and other products for the Russian market in Togliatti, about 1,000 km southeast of Moscow. The company plans to employ more than 150 persons

there in the medium term.

Some 2.9 million passenger cars were sold in Russia in 2012. The country is one of the world's most dynamic automotive markets, with double-digit growth rates. Up to now Edscha has not had any production capacity here.


"The new plant in Togliatti gives Edscha an excellent opportunity to penetrate the booming Russian automotive market and generate more sales," says Greiner. In Togliatti Edscha will begin by manufacturing door hinges, liftgate hinges and rear end door hinges for a Russian automaker. Some 2.5 million

parts will be produced each year.

Major expansion by Edscha in 2013

"The construction of our new production plant marks another important step in our worldwide expansion plan," explains Greiner. In July 2013 Edscha founded joint ventures in Thailand and Korea. In late August it opened a new production plant in Kunshan, China. "We are now very well positioned to tackle the challenges in the market. Our goal is to take advantage of the opportunities arising in new markets and strengthen our position as a technology leader," states Greiner.

About Edscha

Founded in 1870, Edscha has developed into the world's largest supplier of hinge systems. It is one of the leading European suppliers of driver controls (pedal boxes and parking brakes) and drives for fully automatic opening and closing of rear lids and liftgates. Under the umbrella of Spanish automotive supplier Gestamp, Edscha services virtually every automaker with its products and know-how from 21 world locations with some 4,450 employees. In the 2012 financial year it achieved sales of 683 million euros.

About Gestamp

Gestamp is a leading global automotive supplier active in the design, development and manufacture of metal components and assemblies for sale to original equipment manufacturers. With revenues in 2012 of 5,757 million euros and approximately 30 thousand employees, Gestamp has an extensive global footprint of 96 production facilities in 19 countries across four continents. Gestamp has 12 R&D centers and employs 1,000 people in research and development whose leading innovations support its advancements in reducing vehicle weight/emissions as well as improvements in vehicle safety.