SIAG Schaaf Industrie AG

EANS-News: SIAG Schaaf Industrie AG
The SIAG Group is on the Rise: New Orders in the Onshore and Offshore Business

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Company Information

Dernbach (euro adhoc) - The SIAG Group is on the Rise: New Orders in the Onshore
and Offshore Business

Dernbach, 21.12.2011 - The SIAG Schaaf Industrie AG, a leading supplier in the
onshore and offshore wind energy industry, was able to win significant new
orders in both busi-ness sectors before the end of 2011. In line with major
projects, steel towers were commissioned by renowned customers.

Market growth is especially recognizable in the onshore sector, for which SIAG
received three major orders for its facilities in the Czech Republic, Egypt and
the USA. The manufactured towers are directed at the target markets Romania and
the USA. After carrying out projects for Italy and Cypress, the state-of-the-art
manufacturing plant in Egypt has also succeeded in positioning itself for the
North American market. According to Claus Herting, Group Sales Director of the
SIAG Group, "This total volume allows us to utilize the full capacity of three
SIAG manufacturing sites far into the year 2012. We also have the ongoing
business of the German and French SIAG facilities with several individual
projects lined up in the region. Although the manufacturing site in Egypt still
has capacities available for 2012, we are confident that these gaps will soon be

The SIAG Nordseewerke Emden facility, which is now in full production after its
short ramp-up phase, also received orders for offshore towers. Volker
Messerschmidt, Man-aging Director of the SIAG Nordseewerke GmbH states, "Surely
we still have a few hur-dles to overcome, but experience has proven that we are
able to rely on the capabilities of our employees in Emden. In the near future
we will be concluding a construction contract for a transformer platform in the
North Sea, and we are very confident that we will secure an order for a large
platform in 2012. Our qualifications and competence in the engineering,
manufacturing and installation of platforms would permanently establish us as a
technology company in this offshore market segment." Planning contracts have
already been placed with SIAG Engineering GmbH, which are currently being
realized. SIAG has thus strongly established itself in the market as a system
supplier and has attained a significant competitive advantage. The platforms are
crucial components of offshore wind parks and serve as a means of bundling and
converting the generated power in order to transfer the electricity to the
mainland with as little energy loss as possible.   

SIAG Schaaf Industrie AG

SIAG Schaaf Industrie AG has grown from a classical steel construction company
to the leading supplier of the power generating industry in the past 15 years.
Worldwide, the SIAG Group employs 1,800 staff at 10 locations across Europe,
Africa, Asia and the USA.

Our core competency is divided into two business units:
•    Wind Energy Technology Onshore
•    Maritime Systems / Offshore

SIAG´s target markets are wind turbine manufacturers for onshore and offshore
wind farms as well as companies active in the field of high technological steel
construction and mechani-cal engineering. SIAG combines the benefits of being a
medium-sized industrial company with the effectiveness of an international
Group. Due to a fast and efficient decision-making process, SIAG is able to
respond to market challenges without delay.

Further inquiry note:
SIAG Schaaf Industrie AG            
Christian Adamczyk                                                              
Burgweg 21-23                                                 
56428 Dernbach                                                          
Telefon +49 (0) 2602 9340 0       
Fax +49 (0) 2602 9340 910

end of announcement                               euro adhoc 

company:     SIAG Schaaf Industrie AG
             Burgweg 21 - 23
             D-56428 Dernbach
phone:       +49 2602 93 400
FAX:         +49 2602 93 40 110
sector:      Alternative energy
ISIN:        DE000A1KRAS1
stockmarkets: Open Market / Entry Standard: Frankfurt 
language:   English

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