Since August 2007 DEUTZ AG and FAW Jiefang Automotive Co. Ltd. (FAW), a whollyowned subsidiary of China First Automobile Works Group Corp. (FAW Group) in Dalian, China, have maintained the joint venture DEUTZ (Dalian) Engine Co., Ltd. (DDE). Last year the Cologne engine manufacturer, which is responsible for industrial management of the joint venture, began replacing personnel for essential management positions in order to get the new joint venture to turn a profit even faster.
Soon thereafter a new Chief Executive Officer (CEO) for the Chinese company was able to be recruited in the person of 41-year old Bernd Hoffmann. The trained mechanical engineer was previously employed for five years as the head of CLAAS Hungaria Kft. in Hungary. He was also responsible, among other things, for management of the “production system” at CLAAS KGaA in Harsewinkel.
The management team has now been completed with Stella Teng as the new Chief Financial Officer of DEUTZ Dalian Diesel Engine Ltd. Among other things, the 53-year old was formerly employed with Pfizer in China where she was a sales manager. Teng, who
attained her MBA at the University of Michigan, last held the position of Chief Financial Officer at DHL Sinotrans in China.
With the joint venture in Dalian in northern China DEUTZ has clearly consolidated its presence on the Chinese market. DEUTZ Dalian manufactures and sells diesel engines for commercial motor vehicles and for use in industrial applications. In financial 2009 the joint venture produced approximately 99,500 engines, approximately 6,700 engines of which with a cubic capacity of four to eight liters based on licensed DEUTZ technology.
If you need further information please contact:
Investor Relations
Maria Babilas
Tel.: +49 (0)221 822-5400
Fax: +49 (0)221 822-15-5400
E-Mail: babilas.m@deutz.com
Public Relations
Georg Diderich
Tel.: +49 (0)221 822-2200
Fax: +49 (0)221 822-15-2200
E-Mail: diderich.g@deutz.com
