DGAP-News: STS Group AG / Key word(s): Incoming Orders
24.07.2018 / 07:30
STS Group AG: Successful entry into the North American commercial vehicle market
Hallbergmoos/Munich, 24 July 2018 – STS Group AG (ISIN: DE000A1TNU68) has reached an important milestone on its strategic growth path: For the first time, the system supplier for the commercial vehicle industry listed in the Prime Standard segment of the Frankfurt Stock Exchange has won one of the major commercial vehicle manufacturers based in North America as a customer. From the second half of 2021, STS Group will supply driver cabin parts for heavy trucks to the customer. The contract has a term of 10 years.
The entry into the North American commercial vehicle market, which includes the USA, Canada and Mexico, is one of the corporate goals of the STS Group announced at the IPO: “This agreement with one of the important US brand manufacturers for heavy trucks has great strategic significance for us. This new order is an immense step forward in achieving our growth targets,” comments Andreas Becker, CEO of STS Group.
The STS Group has its own production facility in Ramos, Mexico, which supplies the local automotive industry. Now, for the first time, exterior trim and aerodynamic parts are being produced there for one of the major American commercial vehicle manufacturers. The material used here is SMC (Sheet Moulded Compound), which is processed in the thermocompression process and is easy to form and combines high stability with low weight. The STS Group has many years of expertise in the manufacture of exterior trim components and systems for heavy commercial vehicles.