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DGAP-News: STS Group AG
/ Key word(s): Incoming Orders
STS Group AG wins further strategic order to manufacture innovative lightweight components in China
The assignment is at the same time of great strategic importance. The STS Group is once again demonstrating its versatility as well as its ability as an innovation driver and first mover. STS introduces a new concept for passenger car doors exterior panel, combining injection molding and fiber-reinforced composite known as Sheet Molding Compound (SMC) technology. An injection molding outer panel, is glued on a SMC frame and fixed to the door's structure. Through the replacement of metal by the composite material to a large extent, a relevant weight reduction can be achieved without reducing the safety aspects. The lightweight construction makes a significant contribution to sustainable mobility.
Combining two technologies and on-site production very close to the customer once again demonstrates the innovative STS approach as a competent system supplier for the global automotive industry. Already in July, STS reported successes in the future market of China in the field of e-mobility. The Group won two orders for the supply of battery covers for electric vehicle models.
"Our technologies make an important contribution to reducing weight, noise and emissions in the present and future automotive industry. That is why they remain in demand even in a challenging market environment. We are delighted to have been entrusted with this contract in one of the world's most promising markets and are confident that we can further expand our position as an innovative systems supplier," says Andreas Becker, CEO of STS Group AG.
About STS Group:
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|Company:||STS Group AG|
|Phone:||+49 (0)811 124494 0|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||885797|
|End of News||DGAP News Service|