Dürr wins large contract worth about 150 million dollar

12/18/2002

• Turnkey facility for US operation in Alabama
• Innovative RoDip rotation dip painting system

The Dürr Technology Group has received a contract through its Paint Systems business unit from the Korean automobile manufacturer Hyundai for the delivery of a complete paint shop totaling about 150 million US$. The new turnkey paint shop that is going to be installed at Montgomery in the US state of Alabama will have the capacity to paint different models at a total production rate of up to 300,000 bodies per year. Start of production will be in the summer of 2004, full-capacity production is scheduled to begin in January 2005.

The scope of supply includes modern process and conveyor systems, the paint supply system, spray booths and ovens, including air purification, integrated software solutions for the control and supervisory control system plus production and plant monitoring system as well as the building. Environmentally sustainable water-borne paints are used in the innovative RoDip rotation dip pretreatment and electrocoating system and in base coat application.

Paint Systems, the largest Dürr business unit, was able to report strong growth in the first nine months of fiscal 2002, with incoming orders totaling 985.0 million euros compared to the comparable period of the previous year (673.8 million euros). Against the backdrop of a largely stable situation in large-volume projects, the Board of Management is expecting incoming orders and orders on hand for the Group as a whole in the entire year 2002 to be above the previous year's level.

The Dürr Technology Group is one of the world's leading suppliers of manufacturing systems and manufacturing support services for the automotive industry and its suppliers. Dürr employs approx. 12,500 people in 26 countries worldwide.