NORMA Group invests in new plant in India
(firmenpresse) - NORMA Group AG / Key word(s): Enterprise/
NORMA Group invests in new plant in India
DGAP-Media / 26.06.2012 / 09:38
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NORMA Group invests in new plant in India
Maintal, Germany, 26 June 2012 - NORMA Group AG ('NORMA Group'), a global
market and technology leader in engineered joining technology, is building
a new production facility in Talegaon near Pune, India. In India, the
company is represented since 2009. With the new plant, NORMA Group is
enhancing its production capacity to keep pace with the increased demand of
the Indian market for connectors and joining elements. Production is
expected to start in August 2012.
Due to tighter emission standards for the automotive industry and other
sectors, the demand for NORMA Group's engineered joining technology is
growing consistently. These standards also apply increasingly to the Indian
market, which offers considerable growth potential. The new 4,500 m²plant
will increase NORMA Group's production capacity fivefold.
As part of its growth strategy for the Indian market, the company is also
expanding its distribution network. As yet, wholesalers, suppliers of spare
parts to OEMs and hardware stores in eight states have had access to NORMA
Group's products. Since December 2011, NORMA Group has being consistently
adding to its local distribution team in order to meet client demand from
further states going forward. With more than 30 distributors, the major
industrial regions are already covered today.
'India's dynamic market offers us huge growth opportunities we want to
exploit consistently with the new plant in order to further strengthen our
market position. Our stronger local presence brings us closer to our
clients in India and gives us the opportunity to serve them according to
their individual needs,' says Werner Deggim, CEO of NORMA Group.
Additional information on the company is available on www.normagroup.com.To
download press pictures, please visit www.normagroup.com/press pictures.
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-mail: daphne.recker(at)normagroup.com
Tel: +49 (0)6181 - 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered
joining technology. The company manufactures a wide range of innovative
engineered joining technology solutions in three product categories (clamp,
connect and fluid) and offers more than 35,000 high-quality products and
solutions to approximately 10,000 customers in 90 countries. NORMA Group
joining products can be found in vehicles, ships, trains, aircraft,
domestic appliances, engines and plumbing systems as well as in medical
engineering. NORMA Group generated sales of around EUR 580 million in 2011.
With around 4,500 employees, NORMA Group operates a global network of 18
production facilities as well as numerous sales and distribution sites
across Europe, the Americas and Asia-Pacific. NORMA Group has its
headquarters in Maintal near Frankfurt am Main, Germany. The company was
formed in 2006 as a result of the merger between the German Rasmussen Group
and the Swedish ABA Group.NORMA Group is listed on the German stock
exchange since April 2011, and included in the SDAX index since June 2011.
End of Media Release
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Language: English
Company: NORMA Group AG
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 (0)6181-6102-741
Fax: +49 (0)6181-6102-7641
E-mail: ir(at)normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP-Media
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175398 26.06.2012
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