EANS-News: SIAG Schaaf Industrie AG / The SIAG Group is on the Rise: New Orders in the Onshore and Offshore Business

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Company Information

Dernbach (euro adhoc) - The SIAG Group is on the Rise: New Orders in
the Onshore and Offshore Business

Dernbach, 21.12.2011 - The SIAG Schaaf Industrie AG, a leading
supplier in the onshore and offshore wind energy industry, was able
to win significant new orders in both busi-ness sectors before the
end of 2011. In line with major projects, steel towers were
commissioned by renowned customers.

Market growth is especially recognizable in the onshore sector, for
which SIAG received three major orders for its facilities in the
Czech Republic, Egypt and the USA. The manufactured towers are
directed at the target markets Romania and the USA. After carrying
out projects for Italy and Cypress, the state-of-the-art
manufacturing plant in Egypt has also succeeded in positioning itself
for the North American market. According to Claus Herting, Group
Sales Director of the SIAG Group, "This total volume allows us to
utilize the full capacity of three SIAG manufacturing sites far into
the year 2012. We also have the ongoing business of the German and
French SIAG facilities with several individual projects lined up in
the region. Although the manufacturing site in Egypt still has
capacities available for 2012, we are confident that these gaps will
soon be filled."

The SIAG Nordseewerke Emden facility, which is now in full production
after its short ramp-up phase, also received orders for offshore
towers. Volker Messerschmidt, Man-aging Director of the SIAG
Nordseewerke GmbH states, "Surely we still have a few hur-dles to
overcome, but experience has proven that we are able to rely on the
capabilities of our employees in Emden. In the near future we will be
concluding a construction contract for a transformer platform in the
North Sea, and we are very confident that we will secure an order for
a large platform in 2012. Our qualifications and competence in the
engineering, manufacturing and installation of platforms would
permanently establish us as a technology company in this offshore
market segment." Planning contracts have already been placed with
SIAG Engineering GmbH, which are currently being realized. SIAG has
thus strongly established itself in the market as a system supplier
and has attained a significant competitive advantage. The platforms
are crucial components of offshore wind parks and serve as a means of
bundling and converting the generated power in order to transfer the
electricity to the mainland with as little energy loss as possible.

SIAG Schaaf Industrie AG

SIAG Schaaf Industrie AG has grown from a classical steel
construction company to the leading supplier of the power generating
industry in the past 15 years. Worldwide, the SIAG Group employs
1,800 staff at 10 locations across Europe, Africa, Asia and the USA.

Our core competency is divided into two business units:
• Wind Energy Technology Onshore
• Maritime Systems / Offshore

SIAG´s target markets are wind turbine manufacturers for onshore and
offshore wind farms as well as companies active in the field of high
technological steel construction and mechani-cal engineering. SIAG
combines the benefits of being a medium-sized industrial company with
the effectiveness of an international Group. Due to a fast and
efficient decision-making process, SIAG is able to respond to market
challenges without delay.

Further inquiry note:
Contact:
SIAG Schaaf Industrie AG
Christian Adamczyk

Burgweg 21-23
56428 Dernbach
Telefon +49 (0) 2602 9340 0
Fax +49 (0) 2602 9340 910

end of announcement euro adhoc
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company: SIAG Schaaf Industrie AG
Burgweg 21 - 23
D-56428 Dernbach
phone: +49 2602 93 400
FAX: +49 2602 93 40 110
mail: info@siag-group.com
WWW: http://www.siag-group.com
sector: Alternative energy
ISIN: DE000A1KRAS1
indexes:
stockmarkets: Open Market / Entry Standard: Frankfurt
language: English