SHW AG / Key word(s): Agreement/Contract

02.06.2014 / 07:37


SHW AG and Shandong Longji Machinery Group have signed a framework agreement to draw up a joint venture contract

Aalen, 2 June 2014. SHW AG has signed a framework agreement for its Brake Discs business segment to draw up a joint venture contract with the listed Chinese Shandong Longji Machinery Group. The agreement has a validity of six months.

The Brake Discs business segment of SHW AG develops and manufactures monobloc ventilated brake discs made of cast iron as well as high-performance lightweight brake discs for the high-end and upper mid-range car segment as well as for sports cars. These consist of a composite of an iron friction ring and an aluminum pot.

The Shandong Longji Machinery Group, headquartered in Longkou, China, develops and manufactures brake discs and drums as well as brake linings for passenger cars and heavy duty vehicles for the Chinese and international markets.

About SHW

The business was established in 1365, making it one of the oldest industrial enterprises in Germany. Today, SHW AG is a leading automotive supplier with products that contribute substantially to a reduction of fuel consumption and consequently CO2 emissions. In its Pumps and Engine Components business unit, the SHW Group develops and produces pumps for passenger vehicles and truck and off-highway applications, e.g. trucks, agricultural and construction vehicles, stationary motors and wind farms, as well as engine components. The Brake Discs business unit develops and produces monobloc vented brake discs made of cast iron and lightweight brake discs made from a combination of an iron friction ring and an aluminium pot. Customers of the SHW Group include leading European and North American car manufacturers, manufacturers of commercial, construction and agricultural machinery and other automotive suppliers. The SHW Group currently has four manufacturing sites in Germany. These are located in Bad Schussenried, Aalen-Wasseralfingen, Tuttlingen-Ludwigstal and Neuhausen ob Eck. With just over 1,000 employees, the SHW Group generated sales from continuing operations in 2013 of 366 million euros. Further information is available at:

Contact person
Michael Schickling
Head of Investor Relations & Corporate Communications
Telephone: +49 (0)7361 502 462

Future-oriented statements
This press release contains certain future-oriented statements that are based upon current assumptions and forecasts made by the management of SHW AG. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.

This announcement does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or any other jurisdictional territory where offers are subject to statutory restrictions. The securities named in this announcement may only be sold or offered for sale in the United States of America following their prior registration in accordance with the provisions of the version of the US Securities Act of 1933 currently in force (the "Securities Act") or, without prior registration, only on the basis of an exemption. Unless provided for by certain exceptions within the Securities Act, the securities named within this announcement may not be sold or offered for sale in Australia, Canada or Japan, nor may they be sold or offered for sale to or for account of residents of Australia, Canada or Japan. No registration of the offer or sale of the securities named in this announcement will take place, as stipulated by the relevant statutory provisions in Canada, Australia and Japan. There is no public solicitation to buy securities in the United States of America.

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