Press Release Company
20.04.2011|German-Japanese-Chinese machine tool cooperation planned

GILDEMEISTER plans cooperation in China​​​​​​​

Bielefeld. During the CIMT, the most important machine tool trade fair in China, the basis was set for a cooperation among GILDEMEISTER, the Japanese machine tool builder, Mori Seiki Co. Ltd., and the Chinese machine tool builder, Shen Yang Machine Tool (Group) Co., Ltd. (SYMG). This move takes account of the growing importance of China as the largest sales market worldwide for machine tools.

GILDEMEISTER and Mori Seiki, together with the important Chinese machine tool builder, SYMG, are planning a cooperation on an equal footing in China . The planned partnership will focus on the production of a machine series in Shenyang – primarily for the Chinese market. GILDEMEISTER is thereby underlining China ’s increasing importance as the largest sales market worldwide for machine tools with a continuing high rate of growth in the future.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.