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Archive 2007

New home for PanameraPorsche expands Leipzig plant and invests 150 million Euro


Australia. Work is well under way on the expansion of Porsche’s production facility in Leipzig which will be the assembly centre for the new Porsche Panamera.

A ceremony at Leipzig to inspect the works progress culminated in the laying of a garland on the roof of where the new Gran Turismo four-seater will be produced in 2009.

Among those present were German Federal Minister of Transport, Wolfgang Tiefensee; the Minister President of Saxony, Georg Milbradt; Leipzig's mayor, Burkhard Jung; Porsche Executive Board member, Michael Macht; as well as 300 guests and construction workers.

The building expansion for Panamera is 25,000 square meters while an adjacent logistics center with 23,500 square meters has also been created. In addition, the existing assembly facilities, in which the Cayenne is already manufactured, will be expanded to include a pilot and analysis center as well as an apprentice workshop.

In total, investments for the buildings and production equipment amouns to 150 million Euro.

Michael Macht, Porsche AG Executive Board member responsible for Production and Logistics says: “Since our decision back in 1999 to build a production facility in Leipzig we have written a flawless success story. No one at Porsche doubts that this expansion was a good investment."

While the Panamera engines will be manufactured at Porsche headquarters in Stuttgart-Zuffenhausen, the Volkswagen plant in Hanover will supply the painted chassis. The Panamera will then be assembled in the Leipzig plant.

The total in-house production level for the Panamera will be 15 per cent, with an additional six per cent for the chassis manufacturing in Hanover. And since Porsche primarily works together with German suppliers, around 70 per cent of the value of the new Panamera will bear the ‘made in Germany’ stamp.

"Not only will this provide a thrust for Porsche's further growth, it also strengthens Saxony's reputation in the automotive industry," said Macht. When the new Gran Turismo reaches the assembly line in 2009, a solid 50,000 premium vehicles from the Cayenne and Panamera model series could be produced each year at Leipzig.

In addition, the new model series will also boost employment – with around 600 new jobs at the Porsche plant in Leipzig and regional suppliers. An additional 500 full-time positions will be gained at the VW plant in Hanover.

Leipzig milestones

June 3, 1998:

Porsche announces its decision to produce a sports utility vehicle (SUV).

September 17, 1999:

The decision to produce the sports utility vehicle at a new plant in Leipzig is announced. Porsche intends to invest around €50 million Euro and create 260 new jobs.

February 7, 2000:

Ground-breaking for the plant.

June 8, 2000:

The third model series after the Porsche 911 and Boxster is named the Cayenne.

April 2001:

Construction of the customer center and test track begins.

July 4, 2002:

The Porsche Board of Directors decides to produce the Carrera GT high-performance sports car at Leipzig.

August 20, 2002:

Construction of the Leipzig plant is complete. Porsche first presents the Cayenne at the opening inauguration ceremony. The Company has invested €127 million Euro in the plant and created 300 new jobs.

December 2002:

Customers collect the first Cayenne vehicles at the plant.

August 2003:

Production begins on the Carrera GT high-performance sports car.

June 2005:

Employees produce the 100,000th Cayenne.

May 6, 2006:

Production of the Carrera GT ends after 1270 vehicles are built.

May 19, 2006:

The Porsche Board of Directors announces that the Gran Turismo "Panamera" will be built in Leipzig.

September 2006:

Porsche begins conversion of the plant for production of the Panamera.

November 2006:

Employees produce the 150,000th Cayenne.

December 2006:

Production of the first generation Cayenne ends. At the same time, production of the second generation begins.

April 12, 2007:

The topping out ceremony for the Panamera production facilities and the logistics center is celebrated. An investment of €150 million Euro is committed for the conversion of the plant.

Porsche Leipzig GmbH – Facts and Data

General:

- Total investment since 2002: €277 million Euro (including €150M for Panamera conversion)
- Plant land area: currently around 300 hectares
- Number of employees: 400
- Working time model (since August 1, 2003): 38 hours per week, two-shift operation
- Cayenne production area: 18,600 m² (covered)
- Management area: 3,200 m²
- Test track length: 3.75 kilometers
- Off-road track length: 6.0 kilometers
- Environmental protection:  Certified according to DIN ISO 14001 (since June 2002)

Cayenne:

- Production in fiscal year 2005/2006: 35,128 vehicles (fiscal year 2004/05 is 41,299 vehicles)
- Sales in fiscal year 2005/2006: 34,134 vehicles (fiscal year 2004/05 is 41,884 vehicles)
- Current daily production count: 180 vehicles (two-shift operation)

Panamera:

- Four-seater Gran Turismo
- Market launch in 2009
- Planned production numbers: 20,000 vehicles per year

Plant conversion for Panamera:

- A production facility of around 25,000 square meters will be constructed for the Panamera
- In addition, a 23,500 m² logistics center for the entire production will be built
- Total investment for plant conversion: €150 million Euro

For Further Information
Paul Ellis; Public Relations Manager
Ph: 03 9473 0926 or 04 22 00 77 08
paul.ellis@porsche.com.au

or visit:
http://presse.porsche.de

17/4/2007