Menü Shares Financial Calendar Publications Announcements Annual General Meeting Data Protection Notice for Shareholders Service Contact ElringKlinger pools forces within Shielding Technology unit 28. October 2021 - 13:18 The automotive industry is undergoing profound changes as part of the process of transformation in the field of mobility. Committed to successfully meeting the challenges of change in the future, too, the Group aims to pool forces within the Shielding Technology unit as part of strategic efforts and optimize its site structure in this area. To this end, the plan is to gradually discontinue production activities at the Langenzenn site and to cover the plant's ongoing projects via other entities operating in this business unit. Dettingen/Erms (Germany), October 28, 2021 +++ The automotive industry is currently undergoing a process of far-reaching transformation. In order to reduce CO2 emissions in the field of mobility and to meet increasingly strict regulatory requirements, car makers are launching more and more hybrid and all-electric vehicles. This trend affects ElringKlinger in the area of near-engine shielding parts and heat shields fitted around the exhaust tract. At the same time, production figures for battery and fuel cell vehicles are expected to be higher in the coming years than estimated in the past. This process of transition has been further accelerated as a result of the coronavirus pandemic, and the overall volume of demand relating to classic drive technologies has dipped to a greater extent than originally expected. This, too, explains the more pronounced levels of competition now seen in the field of shielding technology. Against this background, forces within the Shielding Technology unit are to be pooled and capacities consolidated. This includes optimizing the site structure of this business unit and implementing continuous improvement measures in order to avoid inefficiencies associated with changing conditions and to utilize capacities more effectively. The Group's goal is to further improve the competitiveness of its Shielding Technology unit and to be in a position in which it can offer its customers high-end solutions tailored to their needs well into the future. In the context of these comprehensive plans, ElringKlinger intends to gradually discontinue significant parts of its operations at the Langenzenn site. This applies in particular to the various production areas and supporting units. In addition, research and development activities are to be continued in close proximity to this site. Based on current considerations, the measures planned for this site can commence in the third quarter of 2022. The Langenzenn site currently employs about 200 people, around 20% of whom work in research and development. PRESS RELEASE (28.10.2021) Reprinting free of charge. File copy requested. For further information please contact: ElringKlinger AG Dr. Jens Winter Strategic Communications Max-Eyth-Straße 2 D-72581 Dettingen/Erms Phone +49 7123 724-88335 Fax +49 7123 724-85 8335 E-mail jens.winter@elringklinger.com Company Products Investor Relations Career Imprint Legal Notes/Disclaimer Privacy Statement GTC © 2021 ElringKlinger AG Define your privacy settings Please feel free to obtain more information about our data processing by clicking on the following link. You hereby agree that ElringKlinger AG may process data for analysis purposes by service providers and by setting cookies. In addition, your consent will be used to set another cookie in order to track these data. You have the right to revoke this consent at any time, but this does not affect any processing that has taken place to date. Please refer to the data protection notice for the possibility of revoking consent at any time. Accept Only agree to cookies that are technically necessary