News Release - GRA-MAG Reaches 1,000,000th Seat Milestone
GRA-MAG was formed in 1998 with a focus on producing medium- and heavy-duty truck seat systems to reduce driver fatigue. The first seats were manufactured on October 18, 2000, and provided superior levels of comfort, performance and safety. Today GRA-MAG continues to offer best-in-class comfort, ease of use and overall performance for air-ride suspension and stationary truck seats.
“This milestone could not have been achieved without the hard work of our employees and the ongoing support of our community, our customers Kenworth and Peterbilt, and the Madison County Chamber of Commerce,” said David Higgs, president of GRA-MAG. “As we look ahead, we see opportunities to continue adding value for our customers by providing seat systems that deliver the ultimate performance in comfort and control. At the same time we will remain true to our original mission of reducing driver fatigue through comfort, performance and safety.”
About Grammer AG
Grammer AG, Amberg, Germany, specializes in the development and production of components and systems for automotive interiors as well as driver and passenger seats for utility and off-road vehicles. In the Automotive Division, the company supplies headrests, armrests and center console systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises the truck and off-road seat segments as well as train and bus seats. Grammer is represented in 20 countries worldwide with a workforce of over 10,700 employees across its 30 subsidiaries. Grammer shares are listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra as well as in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock exchanges.
About Magna International
We are a leading global automotive supplier with 287 manufacturing operations and 81 product development, engineering and sales centres in 29 countries. We have approximately 124,000 employees focused on delivering superior value to our customers through innovative products, processes and World Class Manufacturing. Our product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.
# # #
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.