Gränges Autoplastics strengthens cooperation with Saab Automobile

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Gränges Autoplastics strengthens the cooperation with Saab Automobile Gränges Autoplastics has signed a longterm agreement with Saab Automobile (Saab) for the development and production of bumper systems of the future. st The contract period stretches well into the 21 century. Gränges Autoplastics, one of three business areas within the Gränges Group, is primarily specialized in exterior painted plastic components and systems for the automotive industry and has a turnover of around SEK 3 billion. "We are very satisfied to meet the high demands of Saab regarding technique, quality, precision and of course price. The agreement also means that we increase the mutual efforts to reduce costs for products and processes for the best of both companies. We are also looking into the way of communicating in order both to eliminate work not adding value and to avoid disturbances", says Christer Palm, President of Gränges Autoplastics. Gränges Autoplastics today has production in Sweden, Finland, Norway, Belgium, Italy and Poland with around 2,000 employees. Customers besides Saab are Volvo Car Corporation, Volvo Trucks, Scania, Iveco, GM/Opel, BMW, Audi and Fiat. For further information, please contact Christer Palm, President Gränges Autoplastics, telephone +46- 303-246776 or Cecilia Lager, Gränges IR & Communication, telephone +46-8-459 59 41. Gränges is an international industrial group focused on value-added products based on aluminium and plastics. The products range from extrusions, heat transfer material and foil to components and systems in plastics to the transport industry. The group is one of Europe leading companies within its field with customers in the transport, engineering, construction and packaging industries. Gränges is quoted on the OM Stockholm Exchange "A-list". Visit Gränges web site on the Internet: www.graenges.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/10/22/19991022BIT00390/bit0001.pdf http://www.bit.se/bitonline/1999/10/22/19991022BIT00390/bit0002.doc