Press Release GILDEMEISTER Drehmaschinen Events
29.04.2013|GILDEMEISTER and Mori Seiki exhibit jointly for the first time in China

GILDEMEISTER successful at the CIMT in China

Bielefeld. With order intake of € 56.6 million and 237 machines sold, GILDEMEISTER takes positive stock of the most important machine tool trade fair in Asia, the CIMT 2013, which closed its doors in Beijing on Saturday evening.

As the largest foreign exhibitor, DMG and Mori Seiki exhibited jointly for the first time at the CIMT. 33 machines were presented in live operation, six of which were Asia premieres. At the DMG / MORI SEIKI booth some 15,502 trade visitors gathered information about trend-setting innovations and industry-specific solutions for the fields of “aerospace”, “automotive”, “medical” and “energy”. Particular interest was risen by the ECOLINE series which is produced in the GILDEMEISTER plant in Shanghai. 45% of the 5.907 follow-up orders were ECOLINE machines, which offer turning and milling machining at attractive entry prices. In China, the demand for high-tech machine tools is continuously rising. The boost triggered by the CIMT offers great potential for the current business year.

The cooperation market between DMG and Mori Seiki in the Chinese market is currently underway. Around 450 employees are currently working at 12 sales and service locations, four of which are technology centres. Including the staff at the plants in Shanghai (DMG) and Tianjin (Mori Seiki, currently under development) DMG / MORI SEIKI will then employ nearly 1,000 employees in China. The biggest machine tools market worldwide is expected to grow further in the current year by 5.8% (source: VDW Forecast, April 2013).

GILDEMEISTER will publish its figures for the first quarter of 2013 on 7 May 2013.

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.