DGAP-News: UNIWHEELS AG: New UNIWHEELS plant goes into operation (news with additional features)

DGAP-News: UNIWHEELS AG / Key word(s): Expansion
UNIWHEELS AG: New UNIWHEELS plant goes into operation (news with additional
features)

16.06.2016 / 11:00
The issuer is solely responsible for the content of this announcement.

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New UNIWHEELS plant goes into operation

  - Production capacity rises by up to 2 million wheels annually

Bad Dürkheim, 16 June 2016: After just under one year's construction, the
new UNIWHEELS plant in Stalowa Wola has gone into operation ahead of
schedule. After successfully completing test operation in May, regular
casting operations started at the beginning of June. Originally, the plant
was scheduled to go into operation in August. At present, 250 employees are
already producing wheels using the first low-pressure casting machines. The
wheels are then finished using a process that is almost completely
automated. In addition to standard wheel production, the new recruits are
also being trained for the coming phase when the plant goes into full
operation. Production should come to roughly 500,000 wheels by the end of
the year.

At the beginning of the coming year, 400 full-time workers will produce up
to 2 million wheels per year when the plant is in full operation, most of
which will be shipped to customers in the German and European automobile
industry. This will increase the total capacity and operating output of the
Group by roughly 20%-25%, which translates into a total production volume
of up to 10 million wheels per year. Likewise, the headcount of the group
will rise to just under 3,000, of whom 75% are based in Poland and 25% in
Germany. Based on the currently high utilization of available capacity and
steadily rising demand that reaches into the coming years, UNIWHEELS
assumes that the new plant will very quickly reach full capacity.

Dr. Karsten Obenaus, CFO of UNIWHEELS AG, states, "The new plant in Poland
is financed primarily from the proceeds of the successful IPO of UNIWHEELS
AG last spring. Approximately one quarter of the capital was subscribed by
international institutional investors. With a volume of roughly EUR120
million, the IPO on the Warsaw stock market was the largest in Poland in
the last two years."

"Now that the new plant has gone into operation, UNIWHEELS is currently
evaluating locations for the construction of potentially another new plant
to produce up to 2 million units. Feasibility studies are currently being
drawn up and discussions held with the relevant key customers to identify
the most suitable location for a potential new plant. The decision on a new
plant is expected from management within the coming 12 months," reports Dr.
Thomas Buchholz, CEO of UNIWHEELS AG.

/

About UNIWHEELS:

The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels
for cars in Europe and is one of the few technology leaders worldwide in
the aluminum wheel industry.

UNIWHEELS is Europe's third largest manufacturer of wheels supplying OEMs
in the automobile industry and is the leading producer of alloy wheels for
the aftermarket in Europe. The group's most well-known proprietary brands
are ATS, RIAL, ALUTEC and ANZIO. Currently the group has three production
plants of which two are in Poland (Stalowa Wola) and one in Germany
(Werdohl). The new plant (No. 4) will go into operation in the middle of
the year and increase the group's maximum annual production capacity by
roughly 2 million wheels.

UNIWHEELS sees itself as one of the leading partners of the automotive
industry for the optimum reduction of CO2 emissions by reducing the weight
of alloy wheels. As well as weight-optimized construction methods, the
following procedures are primarily used: Flow Forming, Lightforming,
undercutting and forgecut.

In 2015 UNIWHEELS Group had with a sales volume of 7.8 million wheels EUR
436.5 million of revenues and an EBITDA of EUR 58.7 million. 2,539
employees worked for the Group.

Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock
Exchange. The UNIWHEELS stock is floated under security identification
number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.

For more information please contact:

Oliver Madsen
Head of Investor Relations
Email: o.madsen@de.uniwheels.com
UNIWHEELS AG
Gustav-Kirchhoff-Str. 10
67098 Bad Dürkheim
Germany


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Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=GXSAHLLFFJ
Document title: UNIWHEELS PM SOP Plant 4 E

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16.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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471923 16.06.2016