Schmitz Cargobull AG forms joint-venture with China#39;s ：施密茨cargobull银的形式合资公司与中国的# 39；.docxVIP

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Schmitz Cargobull AG forms joint-venture with China#39;s ：施密茨cargobull银的形式合资公司与中国的# 39；.docx

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SchmitzCargobullAGformsjoint-venturewithChina

Press Release2012-147 Schmitz Cargobull AGSchmitz Cargobull AGforms joint-venture withChina’s DongfengMünster / Wuhan 16.11.2012: Schmitz Cargobull AG, the Europe’s largest trailer manufacturer, has signed a joint-venture contract with Dongfeng Motor Group, one of the three giant truck makers in China,to cooperate in the semitrailer production in the Chinese market, in Wuhan, on November 16th.The management, represented by Xu Ping (Chairman of the Board, Secretary of DFM Party Committee) and Zhu Fushou (General Manager, vice Secretary of DFM Party Committee), along with Ulrich Schümer, CEO of Schmitz Cargobulland the board members, Andreas Schmitz and Ulrich Sch?pkerhave attended the signing ceremony.Known as the world leading truck and trailer manufacturers in the industry, the two partners see the joint-venture as an opportunity for major synergies and further expansion in the growing global transport market by providing the customers with a combined solution of towing tuck and innovative semitrailer. The first-phase of construction of a manufacturing facilitywith state-of-the-art industry standardsis scheduled to build in Wuhan, which offers an annual capacity of up to 40,000 semitrailers. A 40,000 m2 production facility on land area of 150,000 m2will be constructed and equipped with innovative manufacturing technology. The total investment of approximately 100 million Euros is planned over the course of 5 years.With the objective to produce newly developed semitrailers specially designed for the Asian market, Schmitz Cargobull is currently building the prototypes in Germany, which will be subjected to comprehensive tests at the Cargobull Validation Centre later. The first products are expected to roll off the line in 2014. Dongfeng, through its extensive nationwide network of dealerships and service partners, willbe engaged in the product sales of the joint-venture in China’s domestic market, as well as the in the after-sales maintenance and services.2012-147