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Schmitz Cargobull AG forms joint-venture with China's Dongfeng

(PresseBox) (Münster / Wuhan, ) Schmitz Cargobull AG, the Europe's largest trailer manufacturer, has signed a joint-venture contract with Dongfeng Motor Group, one of the three giant truck makers in China, to cooperate in the semitrailer production in the Chinese market, in Wuhan, on November 16th.

The management, represented by Xu Ping (Chairman of the Board, Secretary of DFM Party Committee) and Zhu Fushou (General Manager, vice Secretary of DFM Party Committee), along with Ulrich Schümer, CEO of Schmitz Cargobull and the board members, Andreas Schmitz and Ulrich Schöpker have attended the signing ceremony.

Known as the world leading truck and trailer manufacturers in the industry, the two partners see the joint-venture as an opportunity for major synergies and further expansion in the growing global transport market by providing the customers with a combined solution of towing tuck and innovative semitrailer. The first-phase of construction of a manufacturing facility with state-of-the-art industry standards is scheduled to build in Wuhan, which offers an annual capacity of up to 40,000 semitrailers. A 40,000 m2 production facility on land area of 150,000 m2 will be constructed and equipped with innovative manufacturing technology. The total investment of approximately 100 million Euros is planned over the course of 5 years.
With the objective to produce newly developed semitrailers specially designed for the Asian market, Schmitz Cargobull is currently building the prototypes in Germany, which will be subjected to comprehensive tests at the Cargobull Validation Centre later. The first products are expected to roll off the line in 2014.
Dongfeng, through its extensive nationwide network of dealerships and service partners, will be engaged in the product sales of the joint-venture in China's domestic market, as well as the in the after-sales maintenance and services.

"As the leading truck manufacturer in China, our goal is to win over customers with our outstanding "one-stop shopping concept". We want to provide customers with comprehensive advice and offer them the optimal truck and trailer transport solution. This also includes service covering every aspect of the tractor-trailer. With Schmitz Cargobull, we have gained Europe's leading semitrailer manufacturer as a partner. For more than 120 years, Schmitz Cargobull has satisfied its customers through innovative transport vehicles with high value retention," stated Huang Gang, General Manager of Dongfeng Commercial Vehicles Co., Ltd. and future Chairman of the joint-venture.

Ulrich Schümer, CEO of Schmitz Cargobull AG, emphasised: "Together with our partner, Dongfeng, Schmitz Cargobull will continue its globalisation strategy on the Chinese market. We see enormous potential for growth here and we intend to utilise this together, thanks to the expertise of both companies in truck and trailer production."

"With Dongfeng, we have an experienced transport partner in the prospering Chinese market. The knowledge of the market, vehicles and customers represent a great opportunity to develop a successful market with the combination of the best truck with the best semitrailer." Andreas Schmitz, Schmitz Cargobull AG Board Member expanded.

Dongfeng, as the world famous commercial vehicle enterprise, is focusing on the strategic goal of "making Dongfeng the strongest auto maker in China and a first-class auto maker in the world" and strives to develop and sustain its status of an enterprise capable of sustainable growth, world oriented and capable of development in all relevant sectors.
Schmitz Cargobull AG is the leading semitrailer manufacturer in Europe with more than one hundred years' tradition and known for both its engineering achievements in the field of transport vehicles as well as its global cost and volume leadership. With such attainments and its international reach Schmitz Cargobull generates outstanding value for its customers and serves as the benchmark for quality and profitability.

About Dongfeng Motor Corporation:
Founded in 1969, Dongfeng Motor Corporation, formerly named Second Automobile Works Co., is one of the three giant automakers in China. Its main businesses include passenger vehicles, commercial vehicles, engines, auto parts & components and equipment. Through over 40 years of development, a set of R&D and manufacturing facilities have been established as well as an extensive distribution and after-sales network, which unfolds a business display footed in Hubei while radiating the whole nation. The major business facilities are located in Shiyan, Xiangfan, Wuhan and Guangzhou. In addition, several branches are placed in Shanghai, Liuzhou (Guangxi), Yancheng (Guangxi), Nanchong (Sichuan), Zhengzhou (Henan), Urumchi (Xinjiang), Chaoyang (liangning), Hangzhou (Zhejiang), Kunming (Yunnan), etc. Dongfeng Motor Company, established in 2003 by Dongfeng Motor Corporation and Nissan Motor Company with a 50:50 equity structure, is the largest automobile joint venture in China up to date. Dongfeng Commercial Vehicle Company is a medium and heavy-duty commercial vehicle business division under Dongfeng Motor Company and has 43 years history in manufacturing vehicles. Its sales volume of 2010 is 313 thousand vehicles, among which 249 thousand are middle and heavy trucks. After 9 years joint operation, the company has now developed to the largest medium and heavy truck manufacturer of China.

Schmitz Cargobull AG

The German company, Schmitz Cargobull AG was established in 1892 as a forge. Today the company has developed into the European trailer and body manufacturers with the highest turnover in the commercial vehicle branch. Schmitz Cargobull produces its products at six industrial manufacturing sites in Europe. It serves all of the sales markets in Europe, the near and Middle East with its own sales structure and an authorised service partner network. Employing more than 4,400 people and with a turnover of approx. 1.638 billion Euros for the 2011/2012 business year (01.04. - 31.03.), Schmitz Cargobull is the European market leader. Schmitz Cargobull produced more than 43,000 vehicles during the 2012/2013 business year.

The commercial vehicle product range covers:
- Box trailers, trailers and bodies for foodstuffs and valuable goods in the dry freight and refrigerated transport sector,
- Platform semitrailers and curtainsider semitrailers for general cargo and finished commercial products (beverages, paper, steel),
- Tipper semitrailers for bulk goods in the commercial and agricultural sectors,
- Container semitrailer chassis and swap-body trailers for intermodal transport

A complete package of services rounds out the company's portfolio:
- Cargobull Finance - leasing and hire-purchase, insurance
- Cargobull Parts & Services - service and spare parts, Full Service contracts
- Cargobull Service Partners - repairs and maintenance,
- Cargobull Telematics - trailer telematics
- Cargobull Trailer Store - used-vehicles