DGAP-News: Grammer becomes Strategic Supplier of Global Forklift Platforms for Hyster-Yale Group, Inc.
Grammer becomes Strategic Supplier of Global Forklift Platforms for Hyster-Yale Group, Inc.
DGAP-News: Grammer AG / Key word(s): Miscellaneous Grammer becomes Strategic Supplier of Global Forklift Platforms for Hyster-Yale Group, Inc. 02.06.2020 / 14:09 The issuer is solely responsible for the content of this announcement. Grammer becomes Strategic Supplier of Global Forklift Platforms for Hyster-Yale Group, Inc. - Future counterbalance forklift products from Hyster-Yale Group in Europe and the United States will be equipped with GRAMMER seats - Innovative seating solutions stand out with their high degree of comfort and ergonomic features - High level of quality across all GRAMMER locations also key for the strategic relationship Amberg, June 2nd, 2020 - Grammer AG, an international supplier of seating systems for the commercial vehicles sector, has concluded a strategic relationship with one of the leading manufacturers of material handling systems. This means that Grammer will manufacture the seats for the new forklift platform of the Hyster-Yale Group, Inc. for both the European and US markets. The US-headquartered company, Hyster-Yale is a leading, globally integrated, full-line lift truck manufacturer, offering a broad array of solutions aimed at meeting the specific materials handling needs of its customers. "This strategic relationship with Hyster-Yale is a further confirmation of Grammer's attractive product portfolio and leading global footprint. We are thus able to equip the new forklift platform of Hyster-Yale with our innovative, locally produced seating solutions - both in the United States and Europe," notes Thorsten Seehars, CEO of Grammer AG, about the agreement concluded. "This newly established relationship strengthens our position in the market for seats and seating systems in Europe and the United States." Global Footprint and Top Quality
Grammer AG, based in Amberg, Germany, specializes in the development and production of components and systems for car interiors as well as driver and passenger seats with suspension for on- and off-road vehicles. Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster(R) and Yale(R) brand names. Subsidiaries of Hyster-Yale include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni(R), Auramo(R) and Meyer(R) brand names. Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 7,800 people worldwide.
02.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Grammer AG |
Georg-Grammer-Str. 2 | |
92224 Amberg | |
Germany | |
Phone: | +49 (0)9621 66-0 |
Fax: | +49 (0)9621 66-1000 |
E-mail: | [email protected] |
Internet: | www.grammer.com |
ISIN: | DE0005895403, DE0005895403 |
WKN: | 589540, 589540 |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 1060737 |
End of News | DGAP News Service |
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1060737 02.06.2020