Georg Fischer AG: GF Machining Solutions wins large orders for aero engine components

Schaffhausen (pta002/01.11.2018/07:00 UTC+1) GF Machining Solutions, a division of GF, has won in North America a large number of new orders in the aerospace sector for a total value of approx. USD 100 million. These orders are to be delivered in the next four years, starting 2019.

Aerospace is one of the key sectors in the strategy 2020 of GF Machining Solutions. With the recently opened Center of Competence in Huntersville, North Carolina (USA), which focuses on the North American Aerospace and Energy markets, the division underscores its commitment to actively support our customers in particular in the manufacturing process of future engine programs. This new Center of Competence will allow to significantly strengthen the division's presence in this promising market segment in the NAFTA region.

The new orders include the whole range of Electric Discharge Machines (EDM), milling and laser machines as well as automation solutions and services for a total value of approx. USD 100 million (CHF 100 million). The customers, well-known aircraft engine manufacturers and their suppliers, will use the new machines for the highly demanding production of blades, blisks and other complex components to be used in the latest generation of aero engines.

GF Machining Solutions provides machine tools, automation solutions and customer services for the production of molds, dies and high value-added metal parts. The division has manufacturing facilities in Switzerland, Sweden, China and in the USA, and serves its customers in more than 50 countries.

For further information please contact:

Beat Römer, Head of Corporate Communications
Phone: +41 52 631 2677
E-Mail: media@georgfischer.com
www.georgfischer.com

Corporate Profile
GF comprises three divisions: GF Piping Systems, GF Casting Solutions, and GF Machining Solutions. Founded in 1802, the Corporation is headquartered in Switzerland and is present in 34 countries with 136 companies, 57 of them production facilities. Its 15'835 employees generated sales of CHF 4'150 million in 2017. GF is the preferred partner of its customers for the safe transport of liquids and gases, lightweight casting components, and high-precision manufacturing technologies. You will find further information at www.georgfischer.com.

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Emitter:	Georg Fischer AG Amsler-Laffon-Strasse 9 8200 Schaffhausen Switzerland
Contact Person:	Beat Römer
Phone:	+41 52 631 26 77
E-Mail:	beat.roemer@georgfischer.com
Website:	www.georgfischer.com
ISIN(s):	CH0001752309 (Share)
Stock Exchange(s):	SIX Swiss Exchange