Press release BoxID: 126343 (KROMI Logistik AG)
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KROMI Logistik AG forms branch in the Czech Republic

Key milestone achieved in expansion strategy / Participation at EMO Hanover for the first time with own stand

(PresseBox) (Hamburg, ) KROMI Logistik AG, Germany's first tool management provider to work independently of a specific manufacturer, has formed its own branch in the Czech Republic, thus marking a key milestone in its international expansion strategy. The Czech subsidiary KROMI CZ S.R.O., with its registered office in Lieberec, was founded in September. An initial total of five employees will support and advise KROMI Logistik AG's active customers from this location in future.

"The Czech Republic is one of the most important markets for chip removal technology in the Central and Eastern European EU states – and thus also for KROMI," explained Jörg Schubert, KROMI Logistik AG's CEO. "Many Western European companies are outsourcing their production or processing of mechanical parts to the Czech Republic. A key element of our strategy is to follow our customers wherever they operate and need our services."

KROMI Logistik AG will also have its own stand for the first time at EMO Hanover 2007, which starts today. This is a key international trade fair for the metalworking industry. Its presence at this trade fair will intensify the company's sales activities as part of the strategy announced during the IPO of accelerating its international growth. The last EMO held in Hanover in 2005 had 2,000 exhibitors from 41 countries presenting their offerings. The trade fair attracted more than 160,000 visitors from more than 80 countries.

"Participating in the EMO makes sense for KROMI, as we plan to significantly reinforce our international positioning with the funds from our IPO," commented Jörg Schubert. "This trade fair offers us an excellent opportunity to meet a large number of potential customers and business partners and to present our KROMI Tool Center (KTC) and our tool management services to a wide audience."