HANZA has signed an extended three-year agreement with Siemens Turbomachinery at a value exceeding 60 million SEK. HANZA Holding AB (publ) has signed a 3-year agreement with Siemens Turbomachinery on the manufacture of components for gas turbines SGT600 and SGT800 at a value exceeding 60 million SEK. To meet the increased production volume, additional investment will be made in the company's manufacturing cluster in Årjäng. Production is scheduled to start in the third quarter of 2015. "This new agreement is the result of close cooperation between HANZA and Siemens," said Thomas Lindström, Vice President HANZA. "We have succeeded in creating an efficient manufacturing solution in Årjäng which we are now developing". "In HANZA we have a partner that creates value for us, therefore we are pleased to expand our collaboration," says Ingmarie Wall, Key Commodity Manager, Siemens Turbomachinery. For more information please contact: Thomas Lindström, Vice President Sales & Marketing, Phone: +46 702 98 39 39, email: thomas.lindstrom@hanza.com ________________________________________________________________________________ _ ________________________ The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 03.30 pm (CET), March 26, 2015. Erik Penser Bankaktiebolag is the company's certified adviser. Important information This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.
HANZA extends cooperation with Siemens
| Source: Hanza Holding AB