DGAP-News: Grammer AG

DGAP-News: Grammer taking an important step towards optimizing plant structure in Eastern Europe

DGAP-News: Grammer AG / Key word(s): Miscellaneous Grammer taking an important step towards optimizing plant structure in Eastern Europe

16.03.2016 / 11:00 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Grammer taking an important step towards optimizing plant structure in Eastern Europe

Relocation of entire production activities at the Dolni Kralovice plant in the Czech Republic to other sites now completed Plant to be closed after almost 20 years of operation due to insufficient scope for modifying the building The vast majority of staff have already found new employment

Amberg / Dolni Kralovice, Czech Republic, March 16, 2016 - On February 29, 2016, Grammer completed an important project for optimizing its Eastern European plant structures. After almost 20 years of operation, the Dolni Kralovice plant in the Czech Republic is now being closed following the relocation of all production lines to other sites as planned. The plant in Dolni Kralovice had been built at the beginning of 1997 and was acquired by Grammer in 1999. It assembled headrests, armrests and side cushions for German premium automotive OEMs. The main reason for the decision to close the plant was the building structure at the site. As production activities were spread across several levels, it was no longer possible to organize production structures in accordance with Grammer's current technical requirements. The relocation thus formed part of the "Footprint East" program for optimizing and expanding production capacities in Eastern Europe in response to high growth and the increasing internationalization of the Grammer Group. Under this important project, the plants in Zatec and Ceska Lipa were built and expanded at the same time as the closure of the Dolni facility.

Grammer manufactures interior components and seating systems for the European automotive and commercial vehicle market at a total of four sites in the Czech Republic with more than 2,000 employees.

The vast of majority of the employees in Dolni have found new jobs elsewhere or have been transferred to other Grammer operations.

Company Profile

Grammer AG, Amberg, Germany, specializes in the development and production of components and systems for automotive interiors as well as driver and passenger seats for utility and offroad vehicles. In the Automotive Division, we supply headrests, armrests and center console systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises the truck and offroad seat segments as well as train and bus seats.

Grammer is represented in 20 countries worldwide with a workforce of over 12,000 employees across its 30 subsidiaries.

The Grammer share is listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra as well as in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock exchanges.



Contact: GRAMMER AG Ralf Hoppe Phone: 0049 9621 66 2200 investor-relations@grammer.com

---------------------------------------------------------------------------

16.03.2016 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. Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English Company: Grammer AG Postfach 14 54 92204 Amberg Germany Phone: +49 (0)9621 66-0 Fax: +49 (0)9621 66-1000 E-mail: investor-relations@grammer.com Internet: www.grammer.com ISIN: DE0005895403, DE0005895403 WKN: 589540, 589540 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

445723 16.03.2016