|   Schopfloch   |  Germany

Customer Oppein orders more than 300 machines

Schopfloch, May 5, 2017. HOMAG Group, the world’s leading solution provider of plants and machinery for the woodworking industry and for cabinet makers, has won a major contract in China. The furniture maker Oppein has ordered 307 stand-alone machines with an order valued totaling over EUR 30 million.

HOMAG in China managed to close a historical contract. Specifically, Oppein, which is based in Guangzhou, placed a parallel order of 79 panel-dividing machines, 103 edge-banding machines and 125 CNC machines, of which 33 stem from the HOMAG Group's factory in China. After delivery of the machines, Oppein will have more than 1,000 machines of the HOMAG Group in operation in their factories. HOMAG in China and Oppein look back on many years of good and long standing cooperation.

Pekka Paasivaara, CEO of the HOMAG Group: "This order shows our position as clear number one in our industry in China. We have a strong footprint in this extremely important market, with local manufacturing operations and a very capable sales and service network."

Liang Song Yao, Founder and CEO of Oppein: "We trust in the solutions and capability of the HOMAG Group since many years. This strong and sustainable partnership enables us to further follow our vision and to realize our business opportunities."

Oppein was founded 23 years ago in Guangzhou, southern China, and has grown to become Asia's biggest furniture maker. Its product range focuses on kitchens, bathroom furniture and wardrobes. The company is listed on the stock exchange since the end of March 2017 and employs some 14,000 people. Oppein intends to continue growing in the future, and to keep investing in state-of-the-art machines and production lines.

 

Disclaimer

This press release contains certain statements relating to the future. Futureoriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as "believes", "estimates", "assumes", "forecasts", "intend", "may", "will", "should" or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.

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