October - December

Porsche plans new painting plant at its headquarters in ZuffenhausenInvestment of 200 million euros – start-up in 2011

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart is planning to build a new painting plant at its headquarters in Zuffenhausen. Representatives from the Porsche construction department today briefed the committee for the environment and technology in a meeting of the Stuttgart municipal council on the company’s plans. The sports car manufacturer will invest approximately 200 million euros in the project.

The new facility is to be built on the Dürr AG site as a direct extension of Porsche plant 1, parallel to the embankment located there. Porsche acquired the site in Spring this year. The intention is to make a start on construction work in Fall 2008, and start-up is expected for 2011. 170 vehicles a day can be painted in the facility in a two-shift operation. The new painting plant is designed so that it can also be run in a three-shift operation. The plan is for the new facility to be operated in parallel with the existing painting plant for a transition period.

Porsche AG Chief Executive Dr Wendelin Wiedeking said: “This decision will further guarantee not only our growth curve, but also a considerable element of the agreement on safeguarding the site for Zuffenhausen which was entered into between the Board and the Works Council in July 2005.  For one thing, this means that jobs are safeguarded on a long-term basis, and for another, that the preconditions are also created for the manufacture of a premium vehicle like the 911 in Stuttgart in the future.”

In the financial year 2006/07, Porsche manufactured almost 39,000 911 series vehicles at its main plant at Zuffenhausen, more than ever before in one financial year. Representatives of Porsche will brief the Zuffenhausen District Committee on the project today, on Tuesday. In addition, Porsche is planning a special information event for the residents of the Stuttgart district of Neuwirtshaus at the end of January 2008. But one thing is already certain: the new painting plant will reflect state-of-the-art technology and will meet all legal requirements.