AQ Group expands in Poland

AQ increases production space in both its subsidiaries in Poland

AQ Wiring Systems STG Sp.z.o.o. in Starogard Gdański in Poland has on September 25, 2017 signed an agreement with Biznes Park to buy real estate of totally 2.2 ha where a new factory building of 7000 m2 will be built. The investment has a value of PLN 18.2 million. The real estate is located in Linowiec near Starogard Gdański. The purpose of a new factory building is to get a more efficient production space and organisation than today and to support a profitable growth for the future. Relocation to the new facilities is planned for December 2018. AQ Wiring Systems STG started production of wire harnesses in 1999 with 700 m2 production space and has had a continuous growth.

AQ Wiring Systems Sp.z.o.o. i Łódź has in parallel signed a ten year lease of a new factory building which will be built nearby to the present building. The new building will have a surface of 12150 m2 with an option to expand with 5500 m2, to be compared with the current building of 8820 m2. Construction start is planned for January 2018 and relocation to the new building is expected to begin in November 2018. AQ Wiring Systems Sp.z o.o started in 1996 with a production space of 400 m2 and it has had good growth since the start.

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För further information contact:
CEO, Claes Mellgren, telephone, +46 70 592 83 38
 or IR, Glen Nilsson, telephone +46 70 654 40 03

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AQ in brief

AQ is a leading supplier to demanding industrial customers and is listed on Nasdaq Stockholm’s main market.

The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, striving to provide cost effective solutions in close cooperation with the customer.

The Group headquarter is in Västerås, Sweden. AQ has, on December 31, 2016, in total about 5,100 employees in Sweden, Bulgaria, China, Estonia, Hungary, India, Italy, Lithuania, Mexico, Poland, Serbia and Thailand.

In 2016 AQ had net sales of SEK 3.3 billion and the group has since its start in 1994 shown profit every quarter.

AQ has the highest credit rating AAA according to Bisnode.

www.aqg.se

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