SMT Scharf AG

EANS-News: SMT Scharf AG receives EUR 3 million order from China

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Company Information


Hamm (euro adhoc) - June 17, 2011 - SMT Scharf AG (WKN 575198, ISIN
DE0005751986), technology and global market leader for rail-bound railway
systems for the mining industry, has received a significant order from a Chinese
mining group. It comprises three train sets for monorails, tracks and related
equipment, and has a total value of more than EUR 3 million. Delivery will be as
early as the third and fourth quarters of 2011, thereby allowing the order to
become effective in terms of revenue and earnings in the current financial year.

The train sets are to supply two excavation points in a hard coal mine in Anhui
province with materials. This will entail commanding gradients of about 15
degrees on a track with a total length of 6 km. SMT Scharf has developed the DZ
2200 type locomotive for such conditions. This locomotive achieves higher
tractive power than any other product available on the market. The mining group
intends to deploy these locomotives as its standard underground transportation
technology in the future. 

"We are pleased to have convinced a further customer of the superior performance
data of our machines," as Dr. Friedrich Trautwein, CEO of SMT Scharf AG,
comments on the sales success. He also identifies further growth opportunities:
"Demand for particularly high-performing locomotives is growing in both China
and Russia - and SMT Scharf AG products meet these requirements optimally. With
these strengths we have achieved a clear and unique selling point." 



Company profile

The SMT Scharf group develops, builds and maintains transportation equipment for
mining and tunneling. The main product area is rail-bound railways which are
used all over the world, primarily in hard coal mines and underground mining for
gold, platinum and other metals. They are used to transport material and
personnel with working loads of up to 45 tons. Rail-bound railways are the only
means of underground transport that can be used on branching lines to cope with
inclines of more than 13 degrees. SMT Scharf´s other key products are
roadheaders, equipment for tunnel support and chairlifts. The SMT Scharf Group
has its own companies in seven countries as well as additional dealerships
worldwide. SMT Scharf records more than 80% of its revenue in high-growth
foreign markets, such as Russia, China and South Africa. Business with spare
parts and repairs accounts for around 40% of revenue. The entire market for
underground transport technology comprises EUR 5 billion to EUR 7 billion per
year according to the company´s estimates. SMT Scharf AG has been listed in the
Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April
11, 2007.


Further inquiry note:
Investor Relations

cometis AG
Dominic Großmann
Tel:  +49(0)611 - 205855-15
Fax:  +49(0)611 - 205855-66 
e-mail: grossmann@cometis.de

end of announcement                               euro adhoc 
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company:     SMT Scharf AG
             Römerstr. 104
             D-59075 Hamm
phone:       +49(0)2381-960212
FAX:         +49(0)2381-960311
mail:     ir@smtscharf.com
WWW:      http://www.smtscharf.com
sector:      Machine Manufacturing
ISIN:        DE0005751986
indexes:     CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language: English
 



Weitere Meldungen: SMT Scharf AG

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