BAUER Aktiengesellschaft

EANS-News: BAUER Aktiengesellschaft
Bauer holds ceremony to mark completion of redevelopment work

. Completion of an investment project totalling over EUR 65 million at Group headquarters . Ceremony marking reopening of head office administration building and plant complex . Bavarian State Governor Horst Seehofer in attendance as Guest of Honour

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Schrobenhausen, March 30, 2009 - (euro adhoc) - Construction and equipment manufacturing concern BAUER AG held a ceremony last Friday to mark the completion of a package of major redevelopment works forming part of the most extensive investment programme in the company's history. In recent years the company has invested over EUR 65 million in extension, renovation and new building work at its Schrobenhausen base in Upper Bavaria. The ceremony, attended by Bavaria's State Governor Horst Seehofer as the Guest of Honour, celebrated two construction projects in particular: the new head office administration building in Schrobenhausen and the new steel processing facility for the machinery manufacturing operations in neighbouring Edelshausen. With around 1,600 employees at site, Bauer is one of the largest industrial companies in the Ingolstadt area.

The new head office The strong growth of the business since the mid-1990s had forced Bauer to rent additional premises around the existing head office facility. Indeed, some staff offices were housed in temporary containers. A new administration building costing EUR 12 million has been constructed and the existing complex dating from 1974 renovated at a cost of EUR 5.5 million.

"We wanted a building that offers our employees good working conditions while at the same time embodying our solid, no-nonsense philosophy as a construction and engineering company," states Chairman of the Management Board Professor Thomas Bauer, outlining the intention behind the project. From a number of designs submitted, the proposal by Munich architects Weickenmeier, Kunz + Partner was ultimately selected. A key factor in this choice was, not least, the fact that it made use of the entire site area. The proposal to incorporate a circular concrete space for the company's regular in-house machinery exhibitions was acknowledged as an appealing detail.

Edelshausen structural steel engineering works BAUER Maschinen GmbH has established a new metalworking plant for its machinery manufacturing operations. There was an urgent need for new capacity arising from the rapid growth of the machinery business in recent years, even though extensive new facilities have been added at the Aresing plant which opened in 2002. On a 100,000 square metre site in Edelshausen, a 20,000 square metre welding and cutting facility has been established, along with repair workshops and an anchor production unit. A 10,000 square metre roofed storage facility for incoming material has also been constructed. The planning for the Edelshausen facility was carried out by Regensburg-based consulting engineers Omlor-Mehringer.

The opening ceremony was attended by around 350 guests, who had ample opportunity to admire the impressive new office and plant facilities.

About Bauer Bauer is a provider of services, machinery and ancillary products in the earth- working and groundwater fields. The Group markets its products and services all over the world. Its global spread allows it to remain largely unaffected by fluctuating business cycles.

The operations of the Group are divided into three segments: Construction, Equipment and Resources. The Construction segment carries out specialist foundation engineering work all over the world, developing foundation and excavation projects as well as providing related construction services. In its Equipment segment, in which it is the world market leader, Bauer offers an extensive range of machinery, equipment and tools for specialist foundation engineering. The Resources segment encompasses the Group's operations in the exploitation of raw materials, in environmental technology, in geothermal drilling operations and also in equipment for wells (including pumps and drills, screens and casings).

Bauer profits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of complete solutions and services for demanding projects on the specialist foundation engineering and related markets.

Founded in 1790, Bauer today generates more than two thirds of its total revenues outside of Germany. Employing nearly 7,000 people, the Group's total revenues in 2007 were EUR 1.2 billion (previous year: EUR 980 million). BAUER Aktiengesellschaft has been listed on the official market of the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108).

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Further inquiry note:

Bettina Mestenhauser
Head of Corporate Communication & Investor Relations
BAUER Aktiengesellschaft
Wittelsbacherstrasse 5
86529 Schrobenhausen, Germany
Tel: +49 8252 97 1918
Fax: +49 8252 97 2900
Mobile: +49 171 755 9210
E-mail: investor.relations@bauer.de
Internet: http://www.bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Original-Content von: BAUER Aktiengesellschaft, übermittelt durch news aktuell

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